Norfolk Southern says it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate. His departure ends two difficult years on the job and comes just days after the company’s board announced it was investigating his alleged ethical lapses.
FILE - Norfolk Southern Railroad CEO Alan Shaw speaks during an interview Wednesday, June 21, 2023, in Atlanta.
His ouster comes after two difficult years in the top job and just days after the company’s board announced it was The Atlanta-based railroad said Shaw had an inappropriate consensual relationship with Norfolk Southern’s chief legal officer, who was also terminated. Norfolk Southern promoted Chief Financial Officer Mark George to be the railroad’s next CEO., spilled toxic chemicals and caught fire in East Palestine, Ohio, the worst railroad disaster in the last decade.
Norfolk Southern delivered after the derailment, combined with questions about Shaw’s strategy of keeping more workers on hand during a downturn, made the railroad ripe for pressure from an investor like Ancora. Atlanta-based Norfolk Southern is one of the six largest railroads in North America with tracks crisscrossing the Eastern United States.
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