Norfolk Southern Fires CEO Alan Shaw

Norfolk Southern Corp. has terminated CEO Alan Shaw and Chief Legal Officer Nabanita Nag for engaging in a consensual relationship, which violated company policies. Mark George, the company's Executive Vice President and Chief Financial Officer, has been appointed as the new CEO. The board's decision follows preliminary findings from an internal investigation and comes after a challenging period for Shaw, including the East Palestine, Ohio train derailment in February 2023. Shaw's departure is unrelated to the company’s performance, financial reporting, or operational results. The company has appointed Jason Zampi as acting Chief Financial Officer. Norfolk Southern reaffirmed its commitment to safety and operational improvements under George's leadership.