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Norfolk Southern names Jim Squires as new CEO

Norfolk Southern names Jim Squires as new CEO (Image 1) (Copyright by WSLS - All rights reserved)

(WSLS 10) - Norfolk Southern Corporation announced Monday that James A. Squires will succeed Charles W. "Wick" Moorman as chief executive officer. 

Officials say the action by the company's board of directors is part of its planned succession process and will be effective June 1, 2015.

They say Squires will continue in his current capacity as president and with all major divisions reporting to him, while Moorman will continue as executive chairman of the board of directors. 

Moorman and Squires will work closely together to ensure a seamless transition of leadership responsibilities.

Squires, 53, joined Norfolk Southern in 1992 and served in several law positions before being named vice president law in 2003, senior vice president law in 2004, senior vice president financial planning in 2006, executive vice president finance in 2007, executive vice president administration in 2012, and president in 2013.