Summary
Union Pacific Corporation (UNP) announced a significant leadership transition, effective January 1, 2021. Chief Operating Officer Jim Vena will move to the role of Senior Advisor to the Chairman, focusing on key operational initiatives and assisting with the handover of responsibilities. Mr. Vena will serve in this advisory capacity until June 30, 2021, ensuring continuity in critical projects like the intermodal end-to-end product and capital expenditures. Concurrently, the company has appointed Eric J. Gehringer as the new Executive Vice President Operations for Union Pacific Railroad. Mr. Gehringer, a 15-year veteran of the company with extensive experience in engineering and operations, will step into this role from his current position as Senior Vice President Transportation. This leadership change is intended to maintain operational strength and drive strategic projects forward.
Key Highlights
- 1Jim Vena, COO, transitions to Senior Advisor to the Chairman effective January 1, 2021, through June 30, 2021.
- 2Mr. Vena will continue to oversee key operational initiatives, including intermodal, engineering resources, and capital projects.
- 3Eric J. Gehringer appointed Executive Vice President Operations, effective January 1, 2021.
- 4Mr. Gehringer, age 41, has 15 years of experience at Union Pacific in various engineering and operating roles.
- 5Mr. Gehringer's compensation for 2021 will include a base salary of $400,000, with bonus and other compensation to be determined.
- 6The company issued a press release on October 20, 2020, detailing these leadership changes.