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Norfolk Southern Corp. on Dec. 3 announced a CEO succession plan, with current leader Jim Squires retiring and longtime company executive Alan Shaw stepping up to lead the Class I railroad.
Squires, who will retire May 1, 2022, has served as the Atlanta-based company’s CEO since 2013, and took over as chairman in October 2015. He served as company president from 2013 until December 2021. Squires previously served as chief financial officer and as an executive vice president of both administration and finance as well as a senior vice president of law in a career with Norfolk Southern that stretches to 1992.
The company also announced that Shaw, the executive vice president and chief marketing officer, is taking over the role of president and well be elevated to CEO after the five-month transition. The company’s executive leadership team now will report to Shaw, who has been with the railroad for 27 years in operations, finance and marketing roles.
Norfolk Southern train by Russ MacNeil.
“This is the right moment for a leadership transition,” Squires said. “The company is in rock-solid position, I’ve accomplished what I set out to achieve, and our board of directors has identified the right leader in Alan Shaw to guide Norfolk Southern in its next chapter of success and value creation.”
The company also announced that Ed Elkins, vice president of industrial products, will be promoted to the EVP/CMO post vacated by Shaw. Elkins joined Norfolk Southern in 1988 as a locomotive engineer, and worked as a vice president for both chemicals and international intermodal before assuming his current role in 2018. James “Leggett” Kitchin, vice president of domestic intermodal marketing and sales, will succeed Elkins.
Norfolk Southern concentrates its operations in 22 East Coast states and the District of Columbia, and serves every major container port in the eastern United States.
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