Sept 9 (Reuters) - Norfolk Southern's ( NSC ) CEO Alan
Shaw is expected to step down from his role at the railroad
company amid an investigation into allegations of potential
workplace misconduct, two sources familiar with the matter told
Reuters on Monday.
The company said on Sunday that it is reviewing allegations
that Shaw violated its ethics policy.
Norfolk Southern ( NSC ) did not immediately respond to Reuters'
request for comment. Shaw could not be immediately reached for
comment. The sources asked not to be identified to discuss
sensitive personnel matters.
The news comes just four months after Shaw, who was promoted
to the top job in May 2022, survived a hedge fund's push to oust
him in a bitter proxy fight.
Norfolk Southern's ( NSC ) 13-member board is now tackling its third
crisis in a row following this year's boardroom battle with
Ancora Holdings where the activist investor won three board
seats and the 2023 train derailment in East Palestine, Ohio.
The Wall Street Journal first reported that Shaw is expected
to leave his position.