Summary
Union Pacific Corporation (UNP) filed an 8-K report on July 26, 2012, to announce a key executive change. The company's Board of Directors elected John J. (Jack) Koraleski, who is already the President and Chief Executive Officer of both Union Pacific Corporation and its principal operating subsidiary, Union Pacific Railroad Company, as a member of the Board of Directors. This appointment is effective immediately and solidifies Mr. Koraleski's leadership role within the corporation. James R. Young will continue in his capacity as Chairman of the Board for both the Corporation and the Railroad, remaining actively involved. This filing primarily serves to inform stakeholders of Mr. Koraleski's addition to the Board, reflecting a formalization of his executive leadership at the highest governance level of the company. Investors can view the attached press release for further details.
Key Highlights
- 1John J. (Jack) Koraleski, President and CEO of Union Pacific Corporation and Union Pacific Railroad Company, elected to the Board of Directors.
- 2The election of Mr. Koraleski to the Board is effective immediately.
- 3Mr. Koraleski will also serve on the Board of the Railroad, the company's principal operating subsidiary.
- 4James R. Young will continue to serve as Chairman of the Board for both the Corporation and the Railroad.
- 5Mr. Young remains actively involved in Board matters.
- 6The filing includes a press release dated July 26, 2012, as an exhibit.