Norfolk Southern CEO Alan Shaw The railway company confirmed on Monday that it is under investigation for possible ethical misconduct.
A spokeswoman for the Atlanta-based railroad, one of the six largest in North America, declined to provide any additional details about the nature of the allegations against Shaw, who worked for a railroad company in Atlanta. He was promoted. To the top job in the spring of 2022 after decades of service at Norfolk Southern.
the Wall Street Journal Reported Shaw is expected to resign as soon as this week over an alleged affair with an employee, according to people familiar with the matter. Norfolk Southern’s board has hired an outside law firm to lead the investigation.
Shaw has been under tremendous pressure over the past eighteen months. First, he had to deal with the worst railway disaster In the past decade after Norfolk Southern train derailsHazardous chemicals spilled and caught fire in East Palestine, Ohio, Urging evacuations In February 2023. Then this year, Shaw had to fight to keep his job after activist investor Ancora Holdings resigned. candidate A whole group of board members attempt to take control of the railroad and reform its operations, starting with the dismissal of Shaw.
Ancora declined to comment on the investigation on Monday. Three of its nominees They won the seats. On the railroad track, but that wasn’t enough to give her control.
The railroad said late Sunday it had hired an outside law firm to investigate allegations against Shaw that his conduct may have been “inconsistent with the company’s code of ethics and company policy.”
Norfolk Southern is one of the largest railroad companies operating throughout the eastern United States.
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