Summary
Norfolk Southern Corporation (NSC) announced a significant leadership change in its finance department, appointing Jason A. Zampi as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective September 24, 2024. Mr. Zampi, who has been with the company since 2011 and most recently served as Acting CFO, brings a wealth of internal experience across various finance and accounting roles, including Senior Vice President Finance & Treasurer and Vice President of Financial Planning and Analysis. This permanent appointment suggests continuity and a focus on internal talent development for a critical executive position. Investors can expect Mr. Zampi's compensation package to include a base salary of $600,000, an annual incentive opportunity of 150% of his base salary, and a long-term incentive award valued at approximately $554,200. These financial arrangements are prorated for 2024, reflecting his transition into the permanent CFO role. He will also be subject to the Company’s Executive Severance Plan. The filing indicates no conflicts of interest or family relationships relevant to his appointment.
Key Highlights
- 1Jason A. Zampi appointed as Executive Vice President, Chief Financial Officer, and Treasurer.
- 2Mr. Zampi has a strong internal track record with Norfolk Southern since 2011.
- 3He most recently served as Acting Chief Financial Officer and Senior Vice President Finance & Treasurer.
- 4His annual base salary is set at $600,000.
- 5He is eligible for an annual incentive opportunity of 150% of his base salary.
- 6A long-term incentive award with a grant date fair market value of $554,200 was granted.
- 7Compensation elements are prorated for 2024 based on his tenure in the CFO role.