Published 1 year ago

Union Pacific CEO to step down as hedge fund presses for change

Summary by Ground News

U.S. railroad Union Pacific (UNP.N) Chief Executive Officer Lance Fritz said on Sunday he would step down this year to make way for new leadership, after hedge fund Soroban Capital Partners called for him to be replaced.

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Reuters

Union Pacific CEO to step down as hedge fund presses for change

U.S. railroad Union Pacific on Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023.

1 year ago·United Kingdom

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Associated Press News

Union Pacific will replace rail CEO amid hedge fund pressure

Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns

1 year ago·United States

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abc News

Union Pacific will replace rail CEO amid hedge fund pressure

Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership

1 year ago·United States

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KRDO

Union Pacific will replace rail CEO amid hedge fund pressure

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership. The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a letter that the Omaha, Nebraska-based railroad has lagged behind its peers during Lance Fritz’ tenure over the last eight years and …

1 year ago·Colorado Springs, United States

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KIFI

Union Pacific will replace rail CEO amid hedge fund pressure

1 year ago·Idaho Falls, United States

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CNBC

Union Pacific says it expects to name a new CEO in 2023 after hedge fund called for Lance Fritz to be replaced

U.S. railroad Union Pacific on Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023.

1 year ago·United States

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