Union Pacific CEO Young takes leave for pancreatic cancer treatment

2012 03 05


UNION Pacific Railroad chairman and and CEO James Young will take medical leave after being diagnosed with pancreatic cancer. He remains chairman of the board.

John Koraleski, executive vice president for marketing and sales, will serve as acting president and CEO during Mr Young's absence, said a company statement.

Steven Rogel, the company's lead independent director, said: "The board has a great deal of confidence in Jack, Rob Knight our CFO, Lance Fritz our head of operations, and the entire management team."

Omaha-based Union Pacific operates rail routes from all major US west coast and Gulf coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways.

Source Shipping Gazette - Daily Shipping News
 

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