8-KLeadership ChangesExhibits & Filings

UNION PACIFIC CORP 8-K Report, Executive Changes (Jul 30, 2010)

Filed July 30, 2010For Securities:UNP

Summary

Union Pacific Corporation (UNP) filed an 8-K on July 30, 2010, announcing significant leadership changes within its principal operating subsidiary, Union Pacific Railroad Company. The report details the upcoming retirement of Dennis J. Duffy, Vice Chairman – Operations, and the subsequent election of Lance M. Fritz to Executive Vice President – Operations, effectively making him the chief operating officer of the Railroad. This transition, effective September 1, 2010, follows Mr. Fritz's extensive experience within the company's operational and labor relations roles. Investors should note this as a planned leadership succession, indicating continuity and internal development. Mr. Fritz's promotion to a critical operational role suggests a strategic move to leverage his deep understanding of the company's various divisions, including his recent role as Vice President – Operations. The filing itself is an informational update regarding these executive changes, with the detailed press release attached as an exhibit.

Key Highlights

  • 1Announcement of Dennis J. Duffy's upcoming retirement as Vice Chairman – Operations of Union Pacific Railroad Company.
  • 2Election of Lance M. Fritz as Executive Vice President – Operations, succeeding Mr. Duffy.
  • 3Mr. Fritz's appointment makes him the chief operating officer of the Railroad.
  • 4The leadership change is effective September 1, 2010.
  • 5Lance M. Fritz has a long history with Union Pacific, holding various operational and management positions since 2000.
  • 6Mr. Fritz's prior roles include VP – Energy, Regional VP – North and South, VP – Labor Relations, and most recently, VP – Operations.
  • 7The filing includes a press release dated July 30, 2010, detailing these executive changes.

Frequently Asked Questions

The primary purpose of this 8-K filing is to inform investors about a significant leadership transition within Union Pacific Corporation's operating subsidiary, Union Pacific Railroad Company. It announces the retirement of a key executive and the appointment of his successor.

Lance M. Fritz has been elected to succeed Dennis J. Duffy as Executive Vice President – Operations and chief operating officer of Union Pacific Railroad Company.

The retirement of Dennis J. Duffy and the assumption of new duties by Lance M. Fritz are both effective September 1, 2010.

Yes, Lance M. Fritz has extensive experience within Union Pacific, having held various leadership positions in operations, energy, regional management, and labor relations since joining the company in 2000. His most recent role was Vice President – Operations.