The Brotherhood of Locomotive Engineers and Trainmen, an Affiliate of the International Brotherhood of Teamsters, Calls for New Leadership at Norfolk Southern

Rhea-AI Summary

The Brotherhood of Locomotive Engineers and Trainmen, an affiliate of the International Brotherhood of Teamsters, endorses new leadership at Norfolk Southern After careful review, BLET finds a change in leadership necessary for long-term success, supporting Ancora's slate of directors and management team.

BLET Endorses Ancora’s Full Slate of Directors and Proposed Management Team for Norfolk Southern

After Careful Review and Announced New Developments By NS’ Current CEO Alan Shaw And COO John Orr, BLET Finds That The Best Path Forward For Its Members And The Railroad’s Long-Term Success Is A Change In Leadership At Norfolk Southern

INDEPENDENCE, Ohio--(BUSINESS WIRE)-- The Brotherhood of Locomotive Engineers and Trainmen (“BLET”), an affiliate of the Rail Division of the International Brotherhood of Teamsters, announced today that it has determined, after careful review and new developments since the proxy battle began, that a change in leadership at Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern”) is necessary and in the best interest of both BLET members and the railroad’s long-term success.

“BLET’s three elected General Chairmen representing locomotive engineers and trainmen at Norfolk Southern met with Ancora’s leadership team yesterday and determined that they are the right leaders for Norfolk Southern moving forward,” said BLET National President Edward Hall. “After the railroad’s CEO Alan Shaw hired COO John Orr and following the public comments of both those executives on their strategy for NS, our General Chairmen determined that a change at the top is needed. Although this decision was not easy, the General Chairmen believe it is necessary.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20240426424125/en/

Jamie Horwitz

202-549-4921

jhdcpr@starpower.net

Source: The Brotherhood of Locomotive Engineers and Trainmen

FAQ

Why did the Brotherhood of Locomotive Engineers and Trainmen call for new leadership at Norfolk Southern?

The Brotherhood of Locomotive Engineers and Trainmen determined that a change in leadership at Norfolk Southern is necessary for the railroad's long-term success after careful review and new developments.

Who did BLET endorse for leadership change at Norfolk Southern?

BLET endorsed Ancora's full slate of directors and proposed management team for Norfolk Southern after meeting with their leadership team and determining they are the right leaders for the company moving forward.

What prompted BLET to call for new leadership at Norfolk Southern?

BLET's decision for a change in leadership at Norfolk Southern was influenced by the hiring of COO John Orr by CEO Alan Shaw and the public comments made by both executives on their strategy for NS.