– USA, GA – Norfolk Southern Corporation (NYSE: NSC) announced the addition of Admiral Philip Davidson and Francesca DeBiase to its Board as Independent Directors, effective immediately, expanding the Board to 15 members, of whom 14 are independent.
“The Norfolk Southern board regularly evaluates its composition to be responsive to shareholders and ensure a diversity of skills, experience, and perspectives. On behalf of the board, I welcome Phil and Francesca, who bring a wealth of expertise and fresh perspectives on important topics including safety, supply chain integration, and sustainability,” said Board Chair, Amy Miles.
Davidson will join the Safety and Finance and Risk Management committees while DeBiase will serve on the Audit and Governance and Nominating committees.
The company also announced that Mitchell Daniels, Jr. and Michael Lockhart will retire from the board following the 2024 AGM with the board coming back to 13 directors.
About Admiral Philip Davidson, U.S. Navy (Ret.)
Adm. Philip Davidson retired from the U.S. Navy in 2021, following a distinguished military career that spanned 39 years of service and culminated in his appointment as a four-star Admiral and 25th Commander of United States Indo-Pacific Command. INDOPACOM is the United States’ oldest and largest military combatant command, based in Hawaii, and encompasses more than 100 million square miles, or about 52 percent of the Earth’s surface. Before his tenure as Commander of INDOPACOM, he led a comprehensive review of the Surface Navy’s safety protocols that resulted in implementing measures to enhance safety, including new training and assessment processes. He founded Davidson Strategies, LLC, a management, technical, and strategic advisory firm.
“I look forward to working with the board and management team to help safely deliver long-term growth that benefits Norfolk Southern’s stakeholders,” said Davidson. “Norfolk Southern is taking an important leadership role in safety, advocating for improvements across the industry, and I look forward to contributing to those efforts.”
He currently serves on the boards of Par Pacific Holdings, Inc. and AeroVironment, Inc. and several private organizations, including the Center for Strategic and Budgetary Assessments and the Board of Governors of the Watson Institute for International and Public Affairs at Brown University. Adm. Davidson holds an M.A. in National Security and Strategic Studies from the United States Naval War College and a B.S. in Physics from the United States Naval Academy. His military decorations include the Defense Distinguished Service Medal, the Navy and Marine Corps Commendation Medal with Combat “V,” and a Superior Honor Award from the U.S. Department of State.
About Francesca DeBiase
Francesca DeBiase is a seasoned supply chain, sustainability, and finance executive with over 30 years of global supply chain expertise across the restaurant, food, toys, packaging, logistics, construction, real estate, and marketing services. Most recently, Ms. DeBiase served as EVP and Global CSCO of McDonald’s Corporation, where she held leadership roles in supply chain and sustainability initiatives for nearly 15 years. Earlier in her time at McDonald’s, she served as CSO, where she was a champion for sustainability across the McDonald’s system, working with leaders to embed social and environmental goals into long-term plans to drive meaningful, industry-wide change. Francesca led the revitalization of McDonald’s sustainability vision under the platform of Scale for Good. Before that role, she held various accounting, finance, and supply chain positions at McDonald’s. She began her career at Ernst & Young as an auditor in the retail and consumer products practice.
DeBiase said, “Norfolk Southern plays a pivotal role in the U.S. economy, and I look forward to lending my expertise to help the company become an even more integral part of customers’ supply chains. I am honored to join the Norfolk Southern board at such an important time as the company continues to chart a new course for the rail industry.”
Ms. DeBiase is on the Board of the Chicago Council on Global Affairs and a member of several organizations advocating for women’s empowerment including The Chicago Network, where she is a board member, and Achieving Women’s Excellence in Supply Chain.
She holds a B.B.A. in economics from Loyola University Chicago.
About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving most of the country’s population and manufacturing base, with connections to every major container port on the Atlantic coast and the Gulf of Mexico and Great Lakes.
Source: http://www.norfolksouthern.com/
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