Summary
Norfolk Southern Corporation (NSC) filed an 8-K on December 13, 2018, announcing a key executive change within its finance department. Effective December 16, 2018, Jason A. Zampi has been appointed as the new Vice President and Controller. Mr. Zampi brings extensive experience to the role, having joined NSC in 2011 and most recently serving as Assistant Vice President Corporate Accounting since 2016. His prior experience includes various roles in Finance and Accounting at NSC and a Senior Manager position at KPMG, indicating a strong internal promotion and a deep understanding of the company's financial operations. Concurrently, Thomas E. Hurlbut will transition from his role as Vice President and Controller to a non-executive officer position within the company. This leadership transition in a critical financial role is accompanied by a press release detailing the appointment, providing transparency to investors. There are no disclosed related-party transactions or special compensatory arrangements for Mr. Zampi in connection with his promotion, suggesting a standard succession plan for this executive position.
Key Highlights
- 1Appointment of Jason A. Zampi as Vice President and Controller, effective December 16, 2018.
- 2Mr. Zampi has been with Norfolk Southern since 2011, most recently as Assistant Vice President Corporate Accounting.
- 3Thomas E. Hurlbut will step down as Vice President and Controller to assume a non-executive officer role.
- 4The appointment reflects an internal promotion within NSC's finance and accounting division.
- 5No material compensatory arrangements or disclosed related-party transactions for the new Vice President and Controller.
- 6The company issued a press release on December 13, 2018, to announce this executive change.