Claude Mongeau resigns as chair of Norfolk Southern Board

Norfolk Southern Corporation (NYSE: NSC) announced the resignation of Board Chairman Claude Mongeau for personal reasons.

Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) announced the resignation of Board Chairman Claude Mongeau for personal reasons. Mongeau, who served as an independent director since September 2019 and was elected chair in May 2024, will be replaced at the next scheduled board meeting later this month. During his tenure, he helped navigate several challenges and successfully integrated the new board. Mongeau's extensive railroad industry experience includes serving as president and CEO of Canadian National Railway Company from 2010 to 2016, where he spent 22 years in various executive roles. CEO Mark R. George acknowledged Mongeau's significant contributions, noting that he leaves Norfolk Southern stronger than when he joined.

Positive

• Smooth transition planned with new chair to be elected at next scheduled board meeting
• Company is reportedly on the right trajectory according to departing chairman
• Board is working collaboratively and constructively with management team

Negative

• Unexpected departure of experienced chairman with significant railroad industry expertise
• Potential leadership uncertainty during transition period
• Loss of leader who successfully guided company through recent challenges

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New chair to be elected at the next scheduled meeting of the Board of Directors

ATLANTA, June 3, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced Chairman Claude Mongeau has resigned from the Board of Directors this week for personal reasons. The board will elect a new chair at its next scheduled meeting later this month. 

"We are deeply grateful for Claude's leadership over the past six years," said Norfolk Southern President and CEO Mark R. George. "He has put outsized time and effort into his service as the company navigated several challenges, ultimately stepping up as chair last year to successfully integrate our new board. He leaves Norfolk Southern a much stronger railroad than it was when he joined us."

"I am proud of the way the current board has come together to work collaboratively and constructively alongside the management team," Mongeau said. "It has been an honor to serve with them. I have every confidence the company is back on the right trajectory and has what it needs for continued success."

Mongeau has served as an independent director on the Norfolk Southern Board of Directors since September 2019 and was elected chair in May 2024. He served as president and chief executive officer of Canadian National Railway Company (CN), a North American railroad and transportation company, from January 2010 to June 2016 and as a director of CN from October 2009 to June 2016. During his 22-year career at CN, he also served as executive vice president and chief financial officer and vice president strategic and financial planning. Mongeau currently serves as a director of Cenovus Energy.

About Norfolk Southern 

Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes. Learn more by visiting www.NorfolkSouthern.com. 

 

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SOURCE Norfolk Southern Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Claude Mongeau resign as Norfolk Southern (NSC) chairman?

Claude Mongeau resigned from Norfolk Southern's Board of Directors for personal reasons, as announced on June 3, 2025.

When will Norfolk Southern (NSC) elect a new chairman?

Norfolk Southern will elect a new chair at their next scheduled board meeting later in June 2025.

How long did Claude Mongeau serve as Norfolk Southern's chairman?

Claude Mongeau served as Norfolk Southern's chairman from May 2024 to June 2025, approximately one year.

What was Claude Mongeau's experience in the railroad industry?

Mongeau had 22 years of experience at Canadian National Railway, serving as president and CEO from 2010 to 2016, and previously held positions as executive VP, CFO, and VP of strategic planning.

What impact did Claude Mongeau have on Norfolk Southern during his tenure?

According to CEO Mark R. George, Mongeau provided strong leadership through several challenges, successfully integrated the new board, and left Norfolk Southern stronger than when he joined.