Norfolk Southern CEO and Chief Legal Officer Fired Over Policy Violations
CEO Alan Shaw and Chief Legal Officer Nabanita Nag were terminated for engaging in a consensual relationship, disrupting the company during a critical period.
- Norfolk Southern's board unanimously voted to terminate CEO Alan Shaw and Chief Legal Officer Nabanita Nag following an investigation into their relationship.
- The company has faced significant challenges, including a costly toxic train derailment in East Palestine, Ohio, and pressure from activist investors.
- Mark George, the former CFO, has been appointed as the new CEO to stabilize the company's operations and reputation.
- Shaw and Nag often traveled together and stayed at the same hotels during corporate trips, separate from other employees.
- The CEO's termination comes amid ongoing efforts to overhaul the railroad's efficiency and address legal and safety issues from the derailment.
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