01—Abstract
Summary
Summary of the 8-K filed December 12, 2025. Cited figures are marked; the original filing is the authoritative source.
Union Pacific Corporation (UNP) announced a key addition to its Board of Directors, electing W.
Anthony Will as a new director effective January 5, 2026. Mr. Will brings extensive executive leadership experience, most recently as President and CEO of CF Industries Holdings, Inc., a global leader in hydrogen and nitrogen products. His background includes nearly two decades at CF Industries, progressing through various senior roles, and prior experience at Accenture and Sears Holding Corporation.
This appointment is expected to bolster the Board's strategic oversight and operational expertise, particularly with Mr. Will's scheduled service on the Audit and Finance Committees. The election of Mr. Will is deemed an important step in strengthening the Board's composition.
He is an independent director, meeting all NYSE listing standards and the Company's own robust independence criteria, indicating no material relationships with Union Pacific or its subsidiaries. His upcoming contributions are anticipated to be valuable given his proven track record in global manufacturing, business development, and corporate governance, as evidenced by his current and past board memberships at other publicly traded companies.
02—Key points
Key Highlights
- Union Pacific Corporation (UNP) has elected W. Anthony Will to its Board of Directors, effective January 5, 2026.
- Mr. Will will serve on the Board's Audit and Finance Committees.
- He brings significant executive leadership experience, most recently as President and CEO of CF Industries Holdings, Inc.
- Mr. Will has a strong background in manufacturing, distribution, and corporate development from his 18-year tenure at CF Industries.
- The appointment enhances the Board's expertise with an independent director meeting all relevant standards.
- Mr. Will also has prior experience at Accenture and Sears Holding Corporation, and current board service at Olin Corporation.
03—Questions
Frequently Asked Questions
Who is W. Anthony Will and what is his background?
W. Anthony Will is a 60-year-old executive with extensive experience in global manufacturing and leadership. He most recently served as President and CEO of CF Industries Holdings, Inc., a global manufacturer of hydrogen and nitrogen products, and will retire from this role on January 4, 2026. He has held various senior positions at CF Industries over 18 years and previously worked at Accenture and Sears Holding Corporation. He also serves on the board of Olin Corporation.
What committees will Mr. Will serve on?
Mr. Will has been elected to serve on the Board’s Audit and Finance Committees.
Is Mr. Will considered an independent director?
Yes, the Board has affirmatively determined that Mr. Will is independent and has no material relationship with Union Pacific Corporation or its subsidiaries, meeting all applicable NYSE listing standards and the Company's director independence standards.
When does Mr. Will's directorship officially begin?
Mr. Will's election to the Board of Directors is effective January 5, 2026.
04—Continue