Norfolk Southern has put into place a succession plan whereby President James A. Squires will replace Charles W. “Wick” Moorman as company’s CEO. The planned succession process will kick in on June 1.
Squires, 53, who joined NS in 2009, will continue to serve as president and all major divisions will continue to report to him. Moorman will continue as executive chairman of the board of directors.
In a news release, NS said that Moorman and Squires will work together to ensure a seamless transition of leadership responsibilities.
“Jim has the right experience and vision to advance Norfolk Southern’s traditions of safety and service,” board member Steven F. Leer said in a statement. “NS is well-positioned to continue leading and innovating, and the board of directors is confident in the ability of the entire Thoroughbred team to deliver for our customers, shareholders, and communities.”
Squires served in several law positions at NS before being named vice president of law in 2003, senior vice president of law in 2004, senior vice president of financial planning in 2006, executive vice president of finance in 2007, executive vice president of administration in 2012, and president in 2013.
A native of Hollis, N.H., he is a graduate of Amherst College, where he received a bachelor of arts in Ancient Greek in 1983.
After graduation, he spent a year as Amherst-Doshisha Fellow at Doshisha University in Kyoto, Japan. He then served in the U.S. Army from 1985 to 1989.
In 1992, he received a Juris Doctor degree from the University of Chicago Law School, where he has served as a member of the Visiting Committee.
“Leading NS is an incredible honor,” Squires says. “I join our 30,000 employees in pledging that we will do everything possible to exceed the expectations of our shareholders and the people and businesses who depend on us. We welcome that opportunity, and we will meet that challenge.”