Sept 24 (Reuters) - Norfolk Southern ( NSC ) said on
Tuesday it has appointed Jason Zampi as its chief financial
officer, replacing Mark George, who was promoted to the position
of the railroad operator's top executive recently.
Norfolk Southern ( NSC ) let go of CEO Alan Shaw earlier this
month, following an internal probe into allegations of ethics
policy violations and picked George to lead the company.
Zampi has been with Norfolk Southern ( NSC ) for 13 years and has
prior experience working at accounting firm KPMG.
The appointment comes at a time when Norfolk's board has
been tackling one crisis after another including former CEO
Shaw's ouster.
Norfolk was also involved in a boardroom battle with
Ancora Holdings which culminated with the activist investor
winning three board seats and last year's train derailment in
East Palestine, Ohio.
The company has also been navigating labor deals at a
time when thousands of employees in the industry are negotiating
for better pay and working conditions.
In August, Norfolk reached agreements with nine of 13
unions that represent its workers, covering about 55% of its
unionized employees.
Shares of the company fell about 1% in after market
trading.