Norfolk Southern CEO to step down amid misconduct probe, WSJ reports By Reuters

Finance
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(Reuters) -Norfolk Southern’s CEO Alan Shaw is expected to step down from his role amid an investigation into allegations of potential misconduct, the Wall Street Journal reported on Monday citing people familiar with the matter.

CNBC had reported on Sunday Shaw had engaged in an inappropriate workplace relationship, citing people familiar with the matter.

© Reuters. FILE PHOTO: Norfolk Southern Chief Executive Alan Shaw testifies on the East Palestine, Ohio train derailment before a U.S. Senate Environment and Public Works Committee hearing on Capitol Hill, in Washington, U.S., March 9, 2023. REUTERS/Mary F. Calvert/File Photo

Norfolk Southern (NYSE:) did not immediately respond to a Reuters request for comment.

Shaw joined the company in May 2022, replacing Jim Squires as CEO.


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https://www.investing.com/news/stock-market-news/norfolk-southern-ceo-to-step-down-amid-misconduct-probe-wsj-reports-3608020


Reuters

Montather Rassoul
Montather Rassoulhttps://thefifthskill.com/

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