Union Pacific Announces Appointment of Michael Miller as Treasurer, Retirement of Gary Grosz
Union Pacific has appointed Michael Miller as vice president and treasurer effective February 1, 2022, succeeding Gary Grosz, who retires on March 1.
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Rhea-AI Summary
Union Pacific has appointed Michael Miller as vice president and treasurer effective February 1, 2022, succeeding Gary Grosz, who retires on March 1. Miller, a 28-year veteran of Union Pacific, has previously held roles in Corporate Finance and Investor Relations. He will report to Jennifer Hamann, CFO. Grosz's tenure spanned nearly 40 years, serving as treasurer since April 2019.
Positive
- Miller brings 28 years of experience within Union Pacific, providing continuity in financial leadership.
- His extensive background in finance roles may enhance strategic decision-making.
- Seamless transition to new leadership expected given Miller’s familiarity with company operations.
Negative
- Gary Grosz's retirement might create concerns over potential leadership gaps.
- Transitioning leadership could lead to short-term uncertainties in financial strategy.
Details
News Market Reaction – UNP
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OMAHA, Neb., Dec. 10, 2021 /PRNewswire/ -- Union Pacific has named Michael Miller vice president and treasurer effective Feb. 1, 2022, following the announced retirement of Gary Grosz.
Miller, currently assistant vice president-Corporate Finance and assistant treasurer, has been with Union Pacific for 28 years. He has held numerous Finance roles, including in Budgeting; Business Development and Planning; Corporate Audit; Cost and Profit Management; and Investor Relations. He will report to Executive Vice President and Chief Financial Officer Jennifer Hamann.
Miller will succeed Grosz, who is retiring March 1 after nearly 40 years at Union Pacific. Grosz served as assistant vice president-Corporate Finance and assistant treasurer for nearly 20 years before being promoted to vice president and treasurer in April 2019. He previously held roles in Corporate Audit; Investor Relations; and Planning and Analysis.
ABOUT UNION PACIFIC
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.
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SOURCE Union Pacific Corporation
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