8-K
filed July 26, 2023, 7:59 PM ET
ticker UNP
CIK 0000100885
leadership
confidence high
sentiment positive
materiality 0.80
Union Pacific names Jim Vena CEO, Beth Whited President; adds two directors, new safety committee
UNION PACIFIC CORP
- Vena (former COO) becomes CEO effective Aug 14; Fritz steps down.
- Whited named President; she was EVP Sustainability & Strategy.
- Mike McCarthy elected Board Chair; Sheri Edison chairs Governance committee; Jane Lute chairs new Safety & Service Quality Committee.
- Two new board members: Doyle Simons (ex-Weyerhaeuser CEO) and John Wiehoff (ex-C.H. Robinson CEO) effective immediately.
- Vena base salary $1.25M, bonus target $2.25M; Whited base $800k, bonus target $1M.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
V. James Vena was appointed as Director at UNION PACIFIC CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Mr. Vena to the Board, effective August 14, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elizabeth F. Whited was appointed as President at UNION PACIFIC CORP.
- Action
- appointed
- Role
- President
Exact text from the filing
the Board appointed Elizabeth F. Whited, 58, the Company's current Executive Vice President - Sustainability and Strategy, as the Company and Railroad’s President, effective August 14, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lance M. Fritz departed as Director at UNION PACIFIC CORP.
- Action
- retire
- Role
- Director
Exact text from the filing
Mr. Vena succeeds Lance M. Fritz, who will cease to serve as the Company's President and Chief Executive Officer and will retire from the Board on August 14, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John P. Wiehoff was appointed as Director at UNION PACIFIC CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Doyle R. Simons, former President and CEO of Weyerhaeuser Company, and John P. Wiehoff, former Chairman, President and CEO of C.H. Robinson Worldwide, Inc., to the Board, each effective July 26, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
V. James Vena was appointed as Chief Executive Officer at UNION PACIFIC CORP.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board appointed V. James Vena, 64, the Company's former Chief Operating Officer, as Chief Executive Officer of the Company and Union Pacific Railroad Company, the principal operating subsidiary of the Company (the “Railroad”), effective August 14, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Doyle R. Simons was appointed as Director at UNION PACIFIC CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Doyle R. Simons, former President and CEO of Weyerhaeuser Company, and John P. Wiehoff, former Chairman, President and CEO of C.H. Robinson Worldwide, Inc., to the Board, each effective July 26, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lance M. Fritz departed as President and Chief Executive Officer at UNION PACIFIC CORP.
- Action
- cease to serve
- Role
- President and Chief Executive Officer
Exact text from the filing
Mr. Vena succeeds Lance M. Fritz, who will cease to serve as the Company's President and Chief Executive Officer and will retire from the Board on August 14, 2023.
View on SEC.gov
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