Thursday, October 19, 2017

Three move up at UP finance

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Union Pacific has named Jon Panzer vice president and treasurer; Jennifer Hamann vice president-Planning and Analysis, and Bryan Clark vice president-Tax. The company said Mary Jones, vice president and treasurer, and Pat O’Malley, vice president-Tax have announced their retirements.

Panzer, currently vice president-Planning and Analysis, in 21 years at UP previously held positions in Investor Relations, Financial Analysis, and Union Pacific’s Intermodal, Streamline and Chemicals groups in Marketing and Sales.

Panzer succeeds Jones, who plans to retire on Dec. 1 after 37 years at Union Pacific and 18 years as treasurer. Jones will help transition the vice president and treasurer responsibilities as senior vice president-Finance. During her tenure as treasurer, the company strengthened its balance sheet significantly while increasing dividends over ten-fold and repurchasing over 30% of shares outstanding.

Hamann, who most recently served as Union Pacific vice president and general manager-Automotive, has been appointed vice president-Planning and Analysis. She has been with Union Pacific 25 years, serving in Investor Relations, Corporate Audit and Human Resources.

Clark, currently assistant vice president-Federal Tax, was appointed vice president-Tax. Clark has held key Finance positions in Tax during his 24 years at Union Pacific. Clark will succeed O’Malley, who will retire Nov. 30 after 33 years with Union Pacific and seven years as vice president-Tax. During his tenure, he served as Chairman of the Association of American Railroads’ Tax Policy Committee from 2011-17.

“Jon, Jennifer and Bryan bring a wealth of experience, offering a wide range of advantages supporting Union Pacific’s commitment to create value for our customers and great financial returns for our shareholders,” said Union Pacific Executive Vice President and Chief Financial Officer Rob Knight. “We wish Mary and Pat the best in retirement and thank them for their many significant contributions to Union Pacific’s financial success.”

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