Norfolk Southern appoints John Orr as COO, Paul Duncan departs

NORFOLK SOUTHERN CORP

John Orr appointed EVP & COO effective March 20, 2024; Paul Duncan departs effective March 31.
Orr receives $750k base salary, $825k cash hiring bonus, $2.7M LTIP equity, and $6M one-time RSU grant.
Norfolk Southern pays CPKC $25M for waiver of Orr's non-compete; plus commercial terms on Meridian Speedway.
Orr, a 40-year rail veteran, previously at CPKC, KCS, and CN; oversees safety, transportation, and engineering.
Appointment aims to accelerate execution of Norfolk Southern's balanced strategy for top-tier growth.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Paul B. Duncan

Executive Vice President & Chief Operating Officer

NSC · NORFOLK SOUTHERN CORP

Effective: 2024-03-31
Successor: John Orr
Filed: March 20, 2024, 7:59 PM ET

The Company also announced that Paul B. Duncan will depart from his position as Executive Vice President & Chief Operating Officer of the Company, effective March 31, 2024.

Appointed

John Orr

Executive Vice President & Chief Operating Officer

NSC · NORFOLK SOUTHERN CORP

Effective: 2024-03-20
Filed: March 20, 2024, 7:59 PM ET

On March 18, 2024, Board of Directors Norfolk Southern Corporation (the “Company”) appointed John Orr as Executive Vice President & Chief Operating Officer, effective March 20, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Paul B. Duncan departed as Executive Vice President & Chief Operating Officer at NORFOLK SOUTHERN CORP.

Action: will depart
Role: Executive Vice President & Chief Operating Officer

Exact text from the filing

The Company also announced that Paul B. Duncan will depart from his position as Executive Vice President & Chief Operating Officer of the Company, effective March 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John Orr was appointed as Executive Vice President & Chief Operating Officer at NORFOLK SOUTHERN CORP.

Action: appointed
Role: Executive Vice President & Chief Operating Officer

Exact text from the filing

On March 18, 2024, Board of Directors Norfolk Southern Corporation (the “Company”) appointed John Orr as Executive Vice President & Chief Operating Officer, effective March 20, 2024.

View on SEC.gov

NORFOLK SOUTHERN CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-072052

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