Friday, May 10, 2013

Squires advances to NS presidency; five other executive changes under way

Written by  William C. Vantuono, Editor-in-Chief
Jim Squires Jim Squires
On May 10, one day after Norfolk Southern’s annual shareholders meeting in Williamsburg, Va., Chairman, CEO, and President Wick Moorman announced the appointment of James A. Squires as President of the railroad, effective June 1. Squires, 51, currently is Executive Vice President Administration. Moorman will remain as Chairman and CEO.

In his new role, Squires will be responsible for the corporation’s administration, finance, law and corporate relations, and planning and information technology divisions. Squires joined Norfolk Southern in 1992 and served in several law positions before being named Vice President Law in 2003, Senior Vice President Law in 2004, Senior Vice President Financial Planning in 2006, Executive Vice President Finance in 2007, and Executive Vice President Administration in 2012. He holds degrees from Amherst College and the University of Chicago.

“Jim is a forward-thinking railroader and a well-tested leader,” Moorman said. “As President, he will ensure that Norfolk Southern stays at the forefront of strategic planning, innovation, and financial performance.”

Under Moorman’s leadership, NS withstood a drastic drop in utility coal in 2012, yet still recorded its second-best year for revenue, operating income, net income, and earnings per share—topped only by 2011. As of late Friday, May 10, NS shares were trading at $78.71, very close to their 52-week high of $79.34. In contrast, NS’s 52-week low was $56.05, during the coal slump.

Cindy EarhartCindy C. Earhart (pictured), currently Vice President Human Resources, will take over for Squires as Executive Vice President Administration on June 1. Earhart joined NS in 1985 as Supervisor Subsidiary Accounting. She served in key accounting and information technology positions before being named Vice President Human Resources in 2007. Earhart earned her degree from the University of Missouri.

“Norfolk Southern’s work force is well trained, customer focused, and above all safe. With Cindy in the lead administration role, our customers and owners will continue to enjoy the benefits of that competitive advantage,” Moorman said.

Juan K. Cunningham, currently Assistant Vice President Executive, will become Vice President Human Resources. Cunningham joined NS in 1973 as a management trainee in engineering. He served in positions of increasing responsibility in human resources before being named Assistant Vice President Human Resources in 2010 and to his most recent position in 2012. He earned his degree from Grambling State.

Several other top management changes will take effect on July 1.

David T. Lawson, currently Vice President Industrial Products, will become Vice President Coal Marketing. Lawson joined NS in 1988 as a sales representative and served in various capacities in the Automotive Supply Chain group and as President of Modalgistics before becoming Vice President Industrial Products. He holds degrees from Louisiana State University and Wayne State University.

Michael R. McClellan, currently Vice President Intermodal and Automotive Marketing, will become Vice President industrial products. McClellan joined Conrail’s general marketing and sales organization in 1985. In 1998, he was named Assistant Vice President Performance Planning for NS and became Vice President Intermodal and Automotive Marketing in 2000. He holds degrees from the University of Cincinnati and the University of Virginia.

Jeffrey S. Heller, currently Group Vice President International Intermodal, will become Vice President Intermodal and Automotive Marketing. Heller joined NS’s intermodal department in 1994 as a Marketing Manager after serving in various sales and marketing positions with container shipping and intermodal firms in the U.S. and abroad. He has served as Group Vice President International Intermodal since 2004. He earned his degree from Syracuse University.

Daniel D. Smith, Senior Vice President Energy and Properties, has elected to retire after 37 years with NS. Smith was named to his current position in 2003, where he was responsible for coal marketing, real estate, and Norfolk Southern’s Pocahontas Land Corporation subsidiary. He started his railroad career in 1976 as a mine inspector and is a registered professional engineer with degrees from Virginia Tech and Bluefield College. “As an acknowledged expert in the energy sector, and a strong proponent of coal as an energy source, Danny is going to be keenly missed,” Moorman said. “We are losing a true champion.”

All six senior management appointees are headquartered in Norfolk.