Latest news with #Mongeau
Yahoo
03-06-2025
- Business
- Yahoo
Norfolk Southern board chair Mongeau resigns
Claude Mongeau, the former Canadian National Railway chief executive, has resigned as chair of the Norfolk Southern board of directors, the company announced Tuesday. The resignation is for personal reasons, the railroad said. The board will elect a new chair at its next scheduled meeting later this month. 'We are deeply grateful for Claude's leadership over the past six years,' Norfolk Southern Chief Executive Mark George said in a release. 'He has put outsized time and effort into his service as the company navigated several challenges, ultimately stepping up as chair last year to successfully integrate our new board. He leaves Norfolk Southern (NYSE: NSC) a much stronger railroad than it was when he joined us.' Mongeau joined the board as an independent director in 2019. He was elected as chairman in May 2024 during a reshuffling of the board that saw five new members join, including three nominated by activist investor Ancora Holdings during its proxy fight for control of the railroad. He was CN CEO from 2010 to 2016, capping 22 years at the railroad that also saw him serve as chief financial officer and vice president, strategic and financial planning. 'I am proud of the way the current board has come together to work collaboratively and constructively alongside the management team,' Mongeau said. 'It has been an honor to serve with them. I have every confidence the company is back on the right trajectory and has what it needs for continued success.' Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox. Find more articles by Stuart Chirls stands up shortline rail team Regulator concerns pause Watco's Michigan shortline rail deal Union Pacific battery-electric hybrid locomotive completes testing Baun joins railcar builder Greenbrier as chief commercial officer The post Norfolk Southern board chair Mongeau resigns appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Norfolk Southern chairman resigns, citing personal reasons
(Reuters) -U.S. railroad operator Norfolk Southern said Chairman Claude Mongeau resigned from the company's board on Tuesday, citing personal reasons. Mongeau had been an independent director on Norfolk's board since 2019, and was appointed chairman in May last year. He had previously served as president and chief executive for Canadian National Railway from 2010 to 2016. The board will elect a new chair at its next meeting later this month, the company said. Mongeau is currently also a director at Canadian oil and gas firm Cenovus Energy. Norfolk had agreed to add an independent member to its board last year, settling a long-drawn battle with activist investor Ancora Holdings over the company's governance.
Reuters
03-06-2025
- Business
- Reuters
Norfolk Southern chairman resigns, citing personal reasons
June 3 (Reuters) - U.S. railroad operator Norfolk Southern (NSC.N), opens new tab said Chairman Claude Mongeau resigned from the company's board on Tuesday, citing personal reasons. Mongeau had been an independent director on Norfolk's board since 2019, and was appointed chairman in May last year. He had previously served as president and chief executive for Canadian National Railway ( opens new tab from 2010 to 2016. The board will elect a new chair at its next meeting later this month, the company said. Mongeau is currently also a director at Canadian oil and gas firm Cenovus Energy ( opens new tab. Norfolk had agreed to add an independent member to its board last year, settling a long-drawn battle with activist investor Ancora Holdings over the company's governance.
Associated Press
03-06-2025
- Business
- Associated Press
Claude Mongeau resigns as chair of Norfolk Southern Board
New chair to be elected at the next scheduled meeting of the Board of Directors ATLANTA, June 3, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced Chairman Claude Mongeau has resigned from the Board of Directors this week for personal reasons. The board will elect a new chair at its next scheduled meeting later this month. 'We are deeply grateful for Claude's leadership over the past six years,' said Norfolk Southern President and CEO Mark R. George. 'He has put outsized time and effort into his service as the company navigated several challenges, ultimately stepping up as chair last year to successfully integrate our new board. He leaves Norfolk Southern a much stronger railroad than it was when he joined us.' 'I am proud of the way the current board has come together to work collaboratively and constructively alongside the management team,' Mongeau said. 'It has been an honor to serve with them. I have every confidence the company is back on the right trajectory and has what it needs for continued success.' Mongeau has served as an independent director on the Norfolk Southern Board of Directors since September 2019 and was elected chair in May 2024. He served as president and chief executive officer of Canadian National Railway Company (CN), a North American railroad and transportation company, from January 2010 to June 2016 and as a director of CN from October 2009 to June 2016. During his 22-year career at CN, he also served as executive vice president and chief financial officer and vice president strategic and financial planning. Mongeau currently serves as a director of Cenovus Energy. About Norfolk Southern Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting View original content to download multimedia: SOURCE Norfolk Southern Corporation
