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Search resuls for: "Nabanita Nag"


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Norfolk Southern fired CEO Alan Shaw for a previously undisclosed relationship with an employee. Alan Shaw had been in a consensual relationship with the company corporate secretary, Nabanita Nag. AdvertisementRailroad company Norfolk Southern ousted CEO Alan Shaw after an internal probe uncovered his relationship with the company's top lawyer, the company said in a Wednesday statement. An internal investigation into Shaw uncovered his consensual relationship with the company's chief legal officer, Nabanita Nag. Norfolk Southern said that both people were fired.
Persons: Alan Shaw, Nabanita Nag, Mark George, Shaw, Organizations: Norfolk Southern, Service, Railroad, Business Locations: Norfolk
Alan Shaw, President and CEO, Norfolk Southern at the NYSE, June 7, 2022. Norfolk Southern CEO Alan Shaw is out effective immediately after the board determined he engaged in a consensual relationship with chief legal officer Nabanita Nag, the company announced Wednesday. The company announced Nag would be terminated as well, based on the board's preliminary investigation. "I am honored to take on this role and lead Norfolk Southern," George said in a press release. George has served as Norfolk Southern's CFO for nearly five years and was integral to the company's efforts to stave off activist investor Ancora.
Persons: Alan Shaw, Nabanita Nag, Mark George, Nag, Shaw, George, Ancora Organizations: Norfolk, NYSE, Norfolk Southern, CNBC Locations: Norfolk Southern, Norfolk
Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. The board's focus on that other executive, chief legal officer Nabanita Nag, has not previously been detailed. Norfolk Southern said it won't comment until the conclusion of the probe. The Wall Street Journal earlier reported that Shaw was expected to resign, citing people familiar with the matter. The railroad's board is presented with a significant challenge: the alleged relationship involves the chief executive and Nag, who is also the company's corporate secretary — the two executives which have the most contact with the board.
Persons: Alan Shaw, Ancora, Nabanita Nag, Nag, Shaw, We're, Scott Bunten, We've, haven't, Bunten Organizations: Norfolk Southern, Environment, Public, Washington , D.C, of Locomotive Engineers, Trainmen, CNBC, Norfolk, Street Locations: Norfolk, East Palestine , Ohio, Washington ,, United States
New York CNN —Norfolk Southern CEO Alan Shaw was fired for cause by the railroad’s board for “engaging in a consensual relationship with the company’s chief legal officer,” who was also terminated, the railroad announced Wednesday evening. Shaw had been CEO of one of the nation’s four largest freight railroads for just over two years. And he received praise from some past critics of the railroads for steps he took after the February 2023 derailment in East Palestine to improve railroad safety. Still, Norfolk’s actions related to the derailment received harsh criticism from Jennifer Homendy, chair of the National Transportation Safety Board, which investigated the accident. She said Norfolk Southern’s actions following the derailment put first responders and neighbors of the derailment site at unnecessary risk.
Persons: Alan Shaw, , Shaw, , Nabanita Nag, Mark George, Claude Mongeau, Amit Bose, Ancora, Jennifer Homendy Organizations: New, New York CNN, Norfolk, CNN, of Locomotive Engineers, Norfolk Southern, Federal Railroad Administration, National Transportation Safety Board, NTSB Locations: New York, Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, East Palestine, Shaw
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