---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-004647"
form_type: "8-K"
ticker: "UNP"
cik: "0000100885"
company_name: "UNION PACIFIC CORP"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:11:14.416933+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Union Pacific Board expects to name new CEO in 2023; Lance Fritz to step down after 8 years

## Summary
- Board expects to name successor in 2023; current CEO Lance Fritz to transition after 8-year tenure.
- Succession process began March 2022 with outside consultant; task force of board committee chairs formed Nov 2022.
- Board seeking CEO with expertise in safety, operational excellence, customer service, innovation, and sustainability.
- Soroban Capital Partners pushed for public update; board has engaged with Soroban since 2017.
- Under Fritz, net income up 52%, operating income up 27%, and ROIC up 3.7 points since 2017.

## SEC filing metadata
- accession: 0001437749-23-004647
- form_type: 8-K
- ticker: UNP
- cik: 0000100885
- company_name: UNION PACIFIC CORP
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100885/000143774923004647/0001437749-23-004647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100885/000143774923004647/unp20230226_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004647
- JSON: https://secwatch.observer/filing/0001437749-23-004647.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004647.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.