BLET Endorses Ancora’s Full Slate of Directors and Proposed Management Team for Norfolk Southern
After Careful Review and Announced New Developments By NS’ Current CEO Alan Shaw And COO John Orr, BLET Finds That The Best Path Forward For Its Members And The Railroad’s Long-Term Success Is A Change In Leadership At Norfolk Southern
The Brotherhood of Locomotive Engineers and Trainmen (“BLET”), an affiliate of the Rail Division of the International Brotherhood of Teamsters, announced today that it has determined, after careful review and new developments since the proxy battle began, that a change in leadership at Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern”) is necessary and in the best interest of both BLET members and the railroad’s long-term success.
“BLET’s three elected General Chairmen representing locomotive engineers and trainmen at Norfolk Southern met with Ancora’s leadership team yesterday and determined that they are the right leaders for Norfolk Southern moving forward,” said BLET National President Edward Hall. “After the railroad’s CEO Alan Shaw hired COO John Orr and following the public comments of both those executives on their strategy for NS, our General Chairmen determined that a change at the top is needed. Although this decision was not easy, the General Chairmen believe it is necessary.”
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