Norfolk Southern Corporation
Norfolk Southern Appoints New CFO
Summary
Norfolk Southern Corporation announced on September 24, 2024, the appointment of Jason A. Zampi as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective from the same date. Mr. Zampi, who previously served as the Acting Chief Financial Officer, will receive an annual base salary of $600,000 and has an annual incentive opportunity of 150% of his base salary. Additionally, he was granted a long-term incentive award with a fair market value of $554,200.
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About Norfolk Southern Corporation
Norfolk Southern Corporation is a Class I railroad company that plays a vital role in the U.S. transportation sector. Its primary function is to provide freight transportation services across a comprehensive network that spans the eastern United States. The company's expansive rail system facilitates the efficient movement of raw materials, intermediate products, and finished goods, thus supporting key industries such as agriculture, automotive, chemicals, coal, and intermodal traffic. Norfolk Southern's operations are integral to supply chains and the overall economy, as they help transport essential products swiftly over long distances. With a focus on safety, sustainability, and technological enhancements, the company strives to improve operational efficiency and reduce its environmental footprint. Norfolk Southern's services are critical to logistics and transportation, significantly impacting regional and national market dynamics by enabling competitive pricing and timely delivery. Its strategic rail connections and robust infrastructure underscore its importance in the rail transportation industry.
Official SEC Documents
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