Soroban Capital Partners Sends Letter and Presentation to Board of Directors of Union Pacific Corporation Highlighting Need to Replace Chief Executive Officer with Best-In-Class Leadership
The Company is not delivering on its commitment to customers, and the Surface Transportation Board (regulator) has singled out UNP as providing the worst service among the Class I railroads.
- The Company is not delivering on its commitment to customers, and the Surface Transportation Board (regulator) has singled out UNP as providing the worst service among the Class I railroads.
- Therefore, it is paramount that the next leader of the Company has a proven track record of railroad operating excellence.
- Fortunately, as it relates to new leadership, there is no need to start from scratch.
- In addition, no internal candidates are remotely as qualified as Mr. Vena, and he is the leading external candidate available.