Norfolk Southern Board of Directors Appoints Mark R. George President and Chief Executive Officer Through Unanimous Vote of Independent Directors

Mark R. George Elected to Positions by Independent Directors

Norfolk Southern Corporation announced today that Mark R. George, the company's executive vice president and chief marketing officer, has been elected president and chief executive officer and to the board of directors. He will assume his new roles on May 1, 2023, succeeding James A. Squires, who announced in January 2023 his plans to retire from Norfolk Southern at the end of April 2023.

In his role as executive vice president and chief marketing officer, George was responsible for the company's marketing and sales strategy and operations, including pricing, revenue management, customer service, international business, and industrial development. He previously served as senior vice president of sales and marketing, as well as vice president of intermodal and automotive marketing.

Independent Directors' Unanimous Vote

The Board of Directors conducted a thorough search process, which included both internal and external candidates. The independent directors unanimously voted to appoint George as president and chief executive officer. The independent directors were impressed by George's deep understanding of the railroad industry, his strong leadership skills, and his strategic vision for the future of Norfolk Southern.

Jim Squires, the outgoing president and chief executive officer, said, "Mark is a proven leader with a wealth of experience in the railroad industry. He has a deep understanding of our business and a clear vision for the future of Norfolk Southern. I am confident that he will lead the company to continued success."

George's Background and Experience

George joined Norfolk Southern in 2006 as a marketing manager. He has held various leadership positions within the company's marketing and sales organization, including vice president of industrial products and vice president of intermodal and automotive marketing. Prior to joining Norfolk Southern, he worked for CSX Transportation in a variety of marketing and sales roles.

George holds a bachelor's degree in business administration from the University of Pittsburgh and a master's degree in business administration from Duke University. He is a member of the board of directors of the American Short Line and Regional Railroad Association and the Virginia Business Higher Education Council.

Conclusion

The appointment of Mark R. George as president and chief executive officer of Norfolk Southern is a testament to his strong leadership skills and his deep understanding of the railroad industry. The company is confident that he will lead Norfolk Southern to continued success in the years to come.