Summary
Norfolk Southern Corporation (NSC) filed an 8-K on March 24, 2009, primarily announcing significant executive leadership changes. Vice Chairman and Chief Operating Officer Stephen C. Tobias is retiring, effective March 31, 2009. This transition will see Mark D. Manion, formerly Executive Vice President Operations, assume the role of Executive Vice President and Chief Operating Officer starting April 1, 2009. In addition to Mr. Tobias's retirement, the filing details other key appointments. Marta R. Stewart will move to Vice President and Treasurer, succeeding William J. Romig, who also retires on March 31, 2009. C.H. "Jake" Allison, Jr. is appointed Vice President and Controller. These changes reflect internal promotions and a planned succession for key operational and financial roles within the company, with assurances provided regarding the absence of family relationships or undisclosed arrangements for the newly appointed officers.
Key Highlights
- 1Stephen C. Tobias, Vice Chairman and Chief Operating Officer, announced his retirement effective March 31, 2009.
- 2Mark D. Manion will be appointed Executive Vice President and Chief Operating Officer, effective April 1, 2009.
- 3Marta R. Stewart will become Vice President and Treasurer, effective April 1, 2009.
- 4William J. Romig, Vice President and Treasurer, will retire effective March 31, 2009.
- 5C.H. "Jake" Allison, Jr. will be appointed Vice President and Controller, effective April 1, 2009.
- 6The company confirmed no family relationships exist between newly appointed officers and existing directors or executive officers.
- 7No undisclosed arrangements or transactions requiring disclosure under Item 404(a) of Regulation S-K exist for the newly appointed officers.