Friday, July 30, 2010

UP's Duffy retiring; Fritz named EVP-Operations

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Dennis J. Duffy, vice chairman-Operations of Union Pacific and the longest-serving head of the operating department in company history, has decided to retire this fall, UP announced Friday. UP has named Lance M. Fritz executive vice president-Operations, effective Sept.1, with responsibility for all aspects of Union Pacific’s railroad operations.

Duffy joined the company in 1973 and has held positions in the Finance, Marketing & Sales, and Operating departments.

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“Dennis has incredible industry knowledge, a keen sense of anticipating what it takes to help us grow with our customers, and a tireless work ethic,” said James R. Young, Union Pacific chairman, president, and chief executive officer. “His unwavering commitment to our company’s values of focusing on safety, service, and performance, ensuring high ethical standards, and working as a team has led Dennis to make many significant contributions to Union Pacific. We are grateful for his service.”

Fritz joined the company's Marketing & Sales organization as vice president-Energy in 2000, having previously served as regional vicepresident-Northern Region, regional vice president-Southern Region, and vice president-Labor Relations prior to being named vice president-Operations in December 2009.

“Lance has a proven record of success in each of his areasof responsibility,” Young said. “The combination of his experience, vision and leadership makes him the right person at the right time to lead our Operating Department.”