BNSF Railway Announces CEO, Executive Chairman Transition (Video)

BNSF Railway Announces CEO, Executive Chairman Transition : BNSF Railway today announced that President and Chief Operating Officer Carl Ice will become President and Chief Executive Officer on Jan. 1, 2014. Matthew K. Rose, Chairman and Chief Executive Officer, will assume the role of Executive Chairman.

Ice has been with BNSF for 34 years, most recently serving as President since November 2010. In 1995, he led a team that orchestrated the merger and subsequent integration of Burlington Northern Railroad and Santa Fe Railway. Since then, he has helped lead the company and culture into what it is today. Ice has been integral to the development of the company’s operating and marketing plans.

“For over a decade, Carl has worked alongside me, and his assumption of the CEO title is a natural and well-deserved transition,” said Mr. Rose. “I am pleased for him and the organization, and the continuity he represents as he undertakes the leadership of this role.”

Over the next decade, Rose will continue to work with BNSF’s leadership on the activities supporting BNSF’s strategic positioning for growth and investment, including long-term organizational planning, market positioning and public policy.

As a long-time member of BNSF’s executive team, Mr. Ice said, “I am humbled and honored to be in this role. BNSF is a great organization with great people that provides important services to our customers and country. I look forward to continuing BNSF’s success in improving safety, providing quality service and consistent growth.”

Berkshire Hathaway Chairman, President & CEO Warren Buffett said, “BNSF’s performance has far exceeded the high expectations I had at the time of Berkshire’s purchase. The combination of Matt’s and Carl’s talents is the perfect arrangement for the future. I consider Berkshire very fortunate to have these men at BNSF’s helm.”

About BNSF

BNSF Railway is one of North America’s leading freight transportation companies operating on 32,500 route miles of track in 28 states and two Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food and beverages. BNSF’s shipments help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at www.BNSF.com.

BNSF Railway Announces CEO, Executive Chairman Transition

Source : www.4-traders.com

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