Who is Sheri H. Edison and what is her background?

Sheri H. Edison is a newly elected director to Union Pacific's Board, effective December 1, 2021. She is 64 years old and has extensive legal and executive experience, most recently serving as executive vice president and general counsel for Amcor plc. She also held senior leadership positions at Bemis Company, Inc. and Hill-Rom Holdings, Inc., and currently sits on the boards of Cardinal Health, Inc. and American Family Mutual Insurance Company.

What is the significance of Ms. Edison's appointment?

Ms. Edison's appointment is significant as it adds considerable legal and corporate governance expertise to Union Pacific's Board. Her experience with global companies and her current board memberships suggest she can provide valuable strategic oversight and guidance, particularly in legal and compliance matters, which is crucial for a company of Union Pacific's scale.

Is Ms. Edison considered an independent director?

Yes, the Board of Directors has affirmatively determined that Ms. Edison meets the independence requirements for directors under the applicable listing standards of the New York Stock Exchange, as well as Union Pacific's own director independence standards. She has no material relationship with the company or its subsidiaries.

Will Ms. Edison also be involved with Union Pacific's operating subsidiary?

Yes, like all directors on the Corporation's Board, Ms. Edison will also serve concurrently on the Board of Directors of the Company’s principal operating subsidiary, Union Pacific Railroad Company.

UNP 8-K: Leadership Changes

Summary

Union Pacific Corporation announced a significant addition to its Board of Directors, electing Sheri H. Edison as a new director effective December 1, 2021. Ms. Edison brings extensive legal and executive leadership experience from her roles at major global companies, including Amcor plc and Bemis Company, Inc., and currently serves on the boards of Cardinal Health, Inc. and American Family Mutual Insurance Company. Her background in corporate governance and legal affairs is expected to be a valuable asset to Union Pacific's strategic direction and oversight. The election of Ms. Edison underscores the company's commitment to strengthening its board with diverse expertise. Her independence, as determined by both NYSE listing standards and the company's own criteria, ensures an objective perspective. All directors, including Ms. Edison, will also serve on the board of the principal operating subsidiary, Union Pacific Railroad Company.

Key Highlights

1Sheri H. Edison elected to the Board of Directors, effective December 1, 2021.
2Ms. Edison brings substantial experience as former executive vice president and general counsel of Amcor plc.
3Prior experience includes senior leadership roles at Bemis Company, Inc. and Hill-Rom Holdings, Inc.
4Ms. Edison currently serves on the boards of Cardinal Health, Inc. and American Family Mutual Insurance Company.
5The Board has determined Ms. Edison to be independent according to NYSE and company standards.
6Ms. Edison will also serve on the Board of Directors for Union Pacific Railroad Company.
7This appointment is detailed in an accompanying press release filed as an exhibit.

UNION PACIFIC CORP 8-K Report, Executive Changes (Sep 30, 2021)

Summary

Key Highlights

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