Norfolk Southern appoints ex-Canadian National chief Mongeau as its new board chair
) CEO Claude Mongeau as the new chair of its board, effective immediately, the company said in a statement on Tuesday.
The Atlanta-Georgia-based freight railroad also saw off an activist investor campaign led by hedge fund Ancora Holdings at the same shareholder meeting earlier in May, winning 10 of 13 seats on the board. There is an"urgency around enhancing service, improving network operations, and broad-based productivity gains to close the gap with our peers," he said in statement.
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ISS endorses most of Ancora nominees for Norfolk Southern boardISS recommended that shareholders support five Ancora nominees and seven Norfolk Southern nominees, but it recommended that shareholders withhold support from…
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ISS endorses most of Ancora nominees for Norfolk Southern boardISS recommended that shareholders support five Ancora nominees and seven Norfolk Southern nominees, but it recommended that shareholders withhold support from…
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