“I advised the board yesterday that it was time to step away from being an executive of the company in what has been a well-executed succession plan,” Haverty said. “It was three years ago the first of this month that I moved up to Executive Chairman and Dave Starling became KCS’s CEO. We have a strong, experienced management team now. Plus this year marks my 50th anniversary of starting in the railroad industry as a switchman/brakeman in Atchison, Kan., so the timing is appropriate to transition to Non-Executive Chairman at the end of next month.”
Haverty will remain on the Board of Directors, a position he was elected to by the shareholders at the May 3, 2012 Annual Meeting, and will continue to serve as Chairman of the Board, a position he was elected to by the board at the May 2, 2013 Annual Meeting. Starling will continue as KCS’s CEO and President, and also as a member of the board, a position he was elected to by the shareholders at the May 2, 2013 Annual Meeting.