Summary
Union Pacific Corporation (UNP) announced a significant leadership change in its financial department via an 8-K filing on September 26, 2019. Robert M. Knight, Jr., the current Executive Vice President and Chief Financial Officer (CFO), will retire effective December 31, 2019, after a distinguished tenure. Mr. Knight will remain in his role until his retirement to ensure a smooth transition and oversee financial reporting processes. The company has appointed Jennifer L. Hamann to succeed Mr. Knight as the next Executive Vice President and CFO, effective January 1, 2020. Ms. Hamann brings extensive experience to the role, having spent 27 years with Union Pacific in various leadership positions, including Senior Vice President of Finance, and prior roles in Investor Relations, Marketing and Sales, General Auditor, and Workforce Resources. Her appointment signals continuity and internal talent development within the company's financial leadership.
Key Highlights
- 1Robert M. Knight, Jr., Executive Vice President and CFO, will retire on December 31, 2019.
- 2Jennifer L. Hamann appointed as the new Executive Vice President and CFO, effective January 1, 2020.
- 3Ms. Hamann has 27 years of experience within Union Pacific, including a current role as Senior Vice President-Finance.
- 4Ms. Hamann previously held key positions in Investor Relations, Marketing and Sales, and as General Auditor.
- 5The transition is structured to ensure continuity in financial reporting and leadership.
- 6Ms. Hamann's base salary will be $525,000, with bonus and other compensation for 2020 to be determined.