Reported 28 days ago
Norfolk Southern dismissed CEO Alan Shaw amid an internal investigation into ethics violations related to an inappropriate relationship with a subordinate. The company's CFO, Mark George, has been promoted to replace Shaw, who had led the railroad through significant challenges, including a costly derailment in 2023. The company stated Shaw's departure was unrelated to its financial performance and confirmed the termination of the chief legal officer, who was involved in the relationship with Shaw.
Source: YAHOO