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Kansas City Southern Announces EVP Precision Scheduled Railroading Sameh Fahmy Will Leave the Company
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Rhea-AI Summary
Kansas City Southern (NYSE: KSU) announced that Sameh Fahmy, executive vice president of precision scheduled railroading, will leave the company by year-end. Fahmy, who joined KCS in January 2019, has overseen significant improvements, including a 37% increase in train velocity and $150M in annualized savings through PSR initiatives. His leadership strengthened KCS’s operational foundation, enhancing customer service and positioning the company for future growth. Patrick J. Ottensmeyer, KCS CEO, acknowledged Fahmy's contributions to the company's success.
Positive
37% increase in train velocity
18% reduction in freight car dwell
$150M annualized savings from PSR initiatives
Strengthened operational efficiency and resilience
Negative
None.
KANSAS CITY, Mo.--(BUSINESS WIRE)--
Kansas City Southern (KCS) (NYSE: KSU) announced today that Sameh Fahmy, executive vice president precision scheduled railroading will leave the Company by year end. During his tenure at KCS, which began in January 2019, Mr. Fahmy led the Company through its transformational implementation of Precision Scheduled Railroading (PSR). Under his leadership, the KCS team produced strong and sustainable results including:
Measurable improvement to operating performance, including a 37% increase in train velocity and an 18% reduction in freight car dwell;
PSR initiatives driving double-digit reductions in equipment and improvement to other productivity measures, resulting in significant operating ratio improvement and $150M annualized savings;
Line of sight to additional savings and operational efficiencies; and,
A stronger and more resilient network that better supports KCS’ customers and positions the Company for future growth.
“I want to extend my recognition to Sameh for the contributions that he has made since joining KCS in 2019,” stated Patrick J. Ottensmeyer, KCS president and chief executive officer. “Sameh’s focus, energy and passion for outstanding performance played a key role in KCS’ success, and he is leaving behind a strong and capable cross-functional team that he helped to recruit, develop and mentor.”
“During my time at KCS, the team has transformed the Company into a precision scheduled railroad,” stated Mr. Fahmy. “Together, we have created a stronger, more resilient network while improving the Company’s cost structure and enhancing customer service. I am confident that KCS will continue building on the strong operational foundation that was created during my tenure.”
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south-central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.
What are the key achievements of Sameh Fahmy at Kansas City Southern?
Sameh Fahmy led Kansas City Southern to a 37% increase in train velocity and $150M in annualized savings through precision scheduled railroading (PSR) initiatives.
When is Sameh Fahmy leaving Kansas City Southern?
Sameh Fahmy will leave Kansas City Southern by the end of the year.
What is Kansas City Southern's stock symbol?
Kansas City Southern's stock symbol is KSU.
How has Kansas City Southern improved operational performance under Fahmy?
Kansas City Southern saw an 18% reduction in freight car dwell and significant improvements in operational ratios under Fahmy's leadership.
Who acknowledged Sameh Fahmy's contributions to Kansas City Southern?
Patrick J. Ottensmeyer, the president and CEO of Kansas City Southern, recognized Fahmy's contributions to the company.
