Norfolk Southern Corp. announced Tuesday that Chairman Claude Mongeau has resigned from the Board of Directors citing personal reasons.
Norfolk Southern President and CEO Mark George said that the board plans to elect a new chair at its next scheduled meeting later this month, though an exact date wasn’t provided in the company’s June 3 statement.
“We are deeply grateful for Claude’s leadership over the past six years,” said 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,” George added.
Mongeau has served as an independent director on the Norfolk Southern Board of Directors since September 2019 and was elected chairman 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, Mongeau also served as executive vice president and chief financial officer and vice president of strategic and financial planning. Mongeau currently serves as a director of Cenovus Energy.
“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.”