2023-07-26 07:53:35 ET
- Union Pacific ( NYSE: UNP ) said on Wednesday that Jim Vena has been appointed CEO and a board member, effective Aug. 14.
- Vena succeeds Lance Fritz, who will step down as chairman, president and CEO.
- Vena is returning to the company after serving as its COO from 2019-2020 and as a senior advisor to the chairman in 2021.
- The company also appointed Beth Whited, executive vice president for sustainability and strategy and chief human resources officer, president.
- Whited will report to Vena.
- Lead independent director Mike McCarthy has been elected board chairman.
- The leadership changes are effective Aug. 14.
- UNP shares were trading -1.12% pre-market.
- Source: Press Release
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Union Pacific appoints CEO