NORFOLK, Va. (WAVY) — Norfolk Southern Corporation will quickly have a new CEO.

Norfolk Southern Company introduced early Saturday that Chairman and CEO James A. Squires is preparing to retire on Could 1, 2022.

Pursuing Squires’ departure, Govt Vice President and Chief Promoting Officer Alan H. Shaw will develop into CEO. Norfolk Southern’s board of administrators has currently elected Shaw to the position of president as portion of the company’s planned succession method, successful straight away.

In a push launch, Squires suggests now is “the suitable second for a management changeover.”

“The organization is in rock-good posture, I’ve attained what I set out to attain, and our board of administrators has determined the proper leader in Alan Shaw to tutorial Norfolk Southern in its next chapter of achievement and worth development,” claims Squires.

Both will continue on to operate carefully jointly about the subsequent 5 months to entire a sleek changeover.

Shaw has 27 decades of knowledge at Norfolk Southern in advertising, functions, and finance. He was appointed CMO in May perhaps 2015, and has served the firm establish the strongest intermodal franchise on the east coastline.

Shaw attained a BS in Aerospace Engineering and an MBA from Virginia Tech, and finished the Common Administration Application at Harvard Organization School. He is a Chartered Money Analyst.

Norfolk Southern lately opened its new state-of-the-artwork headquarters in Atlanta this thirty day period, virtually a few many years after announcing the move from Norfolk.

Throughout a 2018 news meeting, the corporation explained the procedure of transferring its headquarters to Atlanta would take numerous years.