Posts Tagged ‘NS executives’

NS Names 2 as Vice Presidents

March 28, 2018

Norfolk Southern has named two new vice presidents, Michael R. McClellan and Claude E. “Ed” Elkins, effective April 1.

McClellan will become vice president strategic planning and report to NS CEO James A. Squares.

Elkins will become vice president industrial products and report to NS Executive Vice President and Chief Marketing Officer Alan H. Shaw.

McClellan joined Conrail’s general marketing and sales organization in 1985.

In 1998, he was named assistant vice president performance planning for Norfolk Southern, became vice president intermodal and automotive marketing in 2000, and vice president industrial products in 2013.

He holds an MBA from the University of Cincinnati and a degree in foreign affairs from the University of Virginia.

Elkins joined Norfolk Southern as a brakeman in 1988. After serving as a conductor and an engineer, he received a degree in English from Clinch Valley College of the University of Virginia (now the University of Virginia’s College at Wise).

He then joined the NS marketing department as pricing coordinator and subsequently served in positions in the intermodal and automotive group, and currently serves as group vice president industrial products.

Additionally, Elkins earned a master’s in business administration degree from Old Dominion University.

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NS Appoints VP of Law and Administration

January 25, 2018

John Scheib has been appointed by Norfolk Southern to serve as executive vice president of law and administration and chief legal officer.

John Scheib

The appointment will become effective March 1 when William Galanko will retire after working for the railroad for 28 years.

Scheib joined NS as an attorney in the law department in 2005. His previous positions in the department have included vice president law (2016) and senior vice president law and corporate relations (2017).

In his new role, Scheib will oversee law, government relations, corporate communications, human resources and labor relations.

Before joining NS, Scheib served as chief of staff and counsel to the chairman of the U.S. Surface Transportation Board and as counsel to the railroad subcommittee in the U.S. House of Representatives.

Galanko joined NS in 1990 as a tax attorney and was named an officer of the company in 1999, when he was named vice president taxation. He subsequently served in several senior executive positions before being named executive vice president law and administration in 2017.

NS Names Ehlers Chief Information Officer

October 5, 2017

Fredric M. Ehlers has been named chief information officer at Norfolk Southern.

A 32-year railroad industry veteran, Ehlers will be based in Atlanta and continue as vice president information technology, a position he has held since 2013.

He will report to Cynthia C. Earhart, executive vice president finance and chief financial officer, who previously served as NS CIO.

“Fred has a strong track record of leadership, performance, and strategic thinking,” said Earhart in a statement. “He has been at the forefront of ongoing efforts to expand and enhance the company’s technology and digital capabilities, ranging from computer-based systems that optimize train operations to e-commerce tools that streamline customer interactions. Fred’s background and experience will be invaluable in his role as CIO as we continue to advance our use of technology to boost operating efficiencies, lower costs, and improve corporate performance.”

Ehlers joined NS in 1985 as a management trainee and served in a number of transportation positions before being named assistant vice president in the executive office of the chairman in 2004.

Since then, he has moved into positions of increasing responsibility, serving as vice president customer service and vice president network and service management before being named vice president information technology.

Ehlers earned an undergraduate degree from Michigan State University and an MBA from Queens College in Charlotte, North Carolina.

NS Appoints 2 to Senior Positions

September 28, 2017

Norfolk Southern has appointed two managers to vice president positions.

William Galanko has been named executive vice president law and administration while John Scheib has been promoted to the post of senior vice president law and corporate relations.

In a news release, NS said that Scheib will oversee law, government relations and corporate communications, and report to Galanko. Galanko will have responsibility for human resources and labor relations, in addition to the areas reporting to Scheib.

Galanko joined NS in 1990 as a tax attorney and was appointed vice president taxation in 1999, vice president financial planning in 2005, vice president law in 2006, and senior vice president law and corporate communications in 2016.

Scheib joined NS in 2005 as general attorney and has held various positions in the NS law department before being named vice president law in 2016. Prior to joining NS, Scheib served as chief of staff and counsel to the chairman of the U.S. Surface Transportation Board and as counsel to the railroad subcommittee in the U.S. House of Representatives.

In an unrelated development, the NS board this week authorized the repurchase of up to an additional 50 million shares of common stock through Dec. 31, 2022.

In combination with previous share repurchase authorizations since the inception of the program in 2006, the total number of shares that may be repurchased has increased from 175 million to 225 million.

NS Names Earhart as Chief Financial Officer

August 20, 2017

Cynthia C. Earhart has been appointed by Norfolk Southern to the post of executive vice president and chief financial officer

Earhart

Earhart, a certified public accountant who joined NS in 1985, will replace Vice President and Controller Thomas E. Hurlbut, who has served as interim CFO since the 2017 retirement of Marta R. Stewart.

Earhart most recently served as executive vice president  and chief information officer. She will retain her information technology responsibilities.

Other positions that Earhart has held at NS include assistant vice president,  vice president of information technology and vice president of human resources.

Prior to working at NS, Earhart was employed as an accountant at Ernst & Young predecessor CPA firm Ernst and Whinney.

She holds a Bachelor of Science degree in accounting from the University of Missouri and has completed the Advanced Management Program at Harvard Business School.

NS 1st Quarter Net Income Up 12%

April 27, 2017

Norfolk Southern said on Wednesday that its first quarter 2017 net income rose by 12 percent to $433 million compared with the same period in 2016.

The railroad said it set records for operating ratio, income from operations and earnings per share.

The increase in net income was attributed to a 7 percent rise in income from railway operations, as well as a lower effective income tax rate.
Diluted earnings per share climbed 15 percent to $1.48 compared with the EPS for the first quarter of 2016.

Railway operating revenue rose 6 percent to $2.6 billion compared with 2016 as overall volume rose 5 percent due to growth in coal, intermodal and merchandise. Income from railway operations was a record $773 million, up 7 percent year over last year.

The operating ratio of 70.0 percent was a first quarter record, compared with 70.1 percent in 2016.

Operating expenses increased 6 percent to $1.8 billion compared with 2016. NS said that targeted expense cuts were offset by inflation, particularly related to fuel expenses, which were higher by $64 million.

Chief Marketing Officer Alan Shaw said overall traffic volume increased 5 percent. Merchandise traffic grew 1 percent, intermodal rose 4 percent, and coal was up by 21 percent.

A 71 percent spike in export coal was an aberration, Shaw said, due to the effect of cyclone damage in coal-producing regions of Australia. That tightened the global supply and created demand for U.S. coal.

Shaw said NS expects demand to remain strong in the second quarter before returning to more normal levels in the second half of the year.

Utility coal shipments grew 14 percent in the quarter thanks in part to higher natural gas prices.

“Norfolk Southern’s record results for the first quarter demonstrate the efficacy of our strategic plan, under which we are enhancing our service quality and network performance while driving significant efficiency improvements,” said Chairman, President and Chief Executive Officer James Squires in a statement. “Our focus on providing a superior service product has positioned us for growth and, coupled with our cost discipline, has contributed to a solid start to the year. Our strategy provides a strong foundation for growth at low incremental costs, a powerful formula for enhanced shareholder value.”

During a conference call with in analysts, Squires said NS is watching closely what is happening in the railroad industry, particularly at competitor CSX.

Squires said NS still plans to cut its operating ratio below 65 percent and continue to boost productivity while reducing costs by $650 million by 2020.

In 2017, Squires said NS expects to save $100 million in expenses.

When asked if NS expects to gain market share if CSX suffers service disruptions as it streamlines operations, Squires said, “We’re always looking for good revenue growth opportunities.”

NS Chief Operating Officer Mike Wheeler said that although the railroad has ceased yard humping operations at three yards in the past couple years its 10 hump yards are a vital part of the network and are key to providing good service to merchandise customers

Wheeler said NS will rationalize terminals if it can do so without affecting service.

He said NS has made improvements in key service metrics, including train length and locomotive productivity.

Train lengths grew for the sixth straight quarter largely due to an “aggressively accelerating use of distributed power.”

NS has mothballed 50 locomotives from its switching and local service operations and is eyeing the retirement of another 100 engines in the second quarter. Since early 2016, NS has sidelined 300 locomotives.

Wheeler said a smaller locomotive fleet reduces maintenance costs and improves fuel efficiency, noting that the railroad realized a 6 percent improvement in fuel efficiency in the first quarter of 2017.

NS VP Stewart to Retire Aug. 1

April 27, 2017

Norfolk Southern Executive Vice President And Chief Financial Officer Marta R. Stewart will retire on Aug. 1.

Stewart

Stewart joined NS in 1983 as an accountant and has been instrumental in developing the company’s accounting systems and controls.

She assumed her current position in 2013 and previously held the posts of vice president accounting and controller, and vice president finance and treasurer.

“Marta has made significant contributions to NS over the course of her career, most recently as one of the architects of our strategic plan,” said NS CEO James A. Squires in a statement. “Her intimate knowledge of the railroad business, engagement with stakeholders inside and outside the company, and relentless focus on driving shareholder value has positioned NS for continued success. On behalf of the board and management team, I thank Marta for her service and wish her the best in retirement.”

Stewart said she was proud of the company’s accomplishments during her tenure and the progress it made in implementing its strategic plan.

“I will miss working with a great leadership team and talented employees, and am confident NS is on track to achieve its objectives as it becomes an even stronger, more profitable railroad,” she said in a statement.

NS Names 6 New Vice Presidents

January 26, 2017

Norfolk Southern has announced a realignment of vice presidents due to retirements and promotions.

NS logo 1Vice President Mechanical Donald D. Graab has retired after 39 years at NS while Assistant Vice President Corporate Communications Frank S. Brown retired after 38 years. Both men originally worked at Norfolk & Western.

Thomas G. Werner has been named vice president corporate communications and chief sustainability officer; C.H. “Jake” Allison, Jr., has been appointed  vice president and treasurer; Susan S. Stuart is  the new vice president audit and compliance; and Bruno Maestri has been elevated to vice president government relations. All of those appointments are effect on Feb. 1.

Effective March 1, Jerry W. Hall will become vice president mechanical while Karol R. Lawrence will take the post of vice president network and service management.

NS Exec Given AAR Environmental Award

November 4, 2016

A Norfolk Southern executive has received the Association of American Railroads’ Professional Environmental Excellence Award.

NS logo 1Russ McDaniel, the NS director of environmental engineering, remediation and compliance,  was among eight railroaders nominated for what AAR describes as “the highest honor for environmental professionals in the railroad industry.”

AAR cited McDaniels for his contributions to environmental awareness at NS and throughout the industry.

At NS, McDaniel has held several engineering positions in the environmental department. He manages remediation of affected sites, compliance with air and water permits and management of storm water protection and spill preparedness plans, among other areas.

In a news release, AAR said that McDaniel and his team took on a $10 million, multi-year project to remediate a site that was home to a railcar manufacturing facility for nearly 100 years, working with the Tennessee Department of Environment and Conservation to restore 79 acres of the site for industrial use.

NS Names New VP of Human Resources

March 24, 2016

Ann Adams has been named by Norfolk Southern as its vice president human resources.

The appointment is effective April 1. She succeeds Juan Cunningham, who retired on Jan. 31.

Ann Adams

Ann Adams

Adams will be based in Norfolk, Virginia, and oversee employment planning and staffing, employee development, employee benefits, compensation, equal employment opportunity compliance, and employee assistance programs and medical services.

She has served NS as assistant VP human resources since 2012, having joined the company in 2001 as a human resources manager.

Before coming to NS, Adams founded a business that developed customized database applications for retail clothing sales. She also worked as a product manager for a database application marketing company.