Norfolk Southern names Claude Mongeau chair of the board of directors

Core Insights - Norfolk Southern Corporation has appointed Claude Mongeau as the independent chair of the board, effective immediately, along with new committee chairs Francesca A. DeBiase and Richard H. Anderson [1][2][4] Group 1: Board Appointments - Claude Mongeau, former CEO of Canadian National Railway Company, will serve as chair of the Executive Committee and resign from his positions on the Human Capital Management and Compensation and Safety Committees [2] - Francesca A. DeBiase has been appointed as chair of the Governance and Nominating Committee, bringing over 30 years of global supply chain expertise [2][7] - Richard H. Anderson has been appointed as chair of the Human Capital Management and Compensation Committee, with significant experience in navigating companies through strategic changes [2][9] Group 2: Board's Strategic Focus - Mongeau emphasized the board's commitment to enhancing service, improving network operations, and achieving productivity gains to align with peers [4] - DeBiase highlighted the importance of onboarding new directors to leverage their diverse expertise for advancing the company's strategy [4] - Anderson noted the board's serious consideration of recent Annual Meeting results, particularly regarding executive compensation, and plans for ongoing shareholder engagement [4] Group 3: Company Overview - Norfolk Southern has been operational since 1827, focusing on freight transportation and sustainability, helping customers avoid approximately 15 million tons of carbon emissions annually [11] - The company operates a customer-centric freight transportation network, delivering over 7 million carloads annually and originating more automotive traffic than any other Class I Railroad [11]