OMAHA, Neb., Jan. 7, 2019 /PRNewswire/ -- Union Pacific
today named Jim Vena chief operating
officer, effective Jan. 14. He served
as executive vice president and chief operating officer at Canadian
National (CN) until retiring in June
2016 after a 40-year CN career.
Vena, 60, will lead all aspects of Union Pacific's operations,
including Unified Plan 2020 implementation, the company's new
operating plan that launched in October
2018. He will report to Lance
Fritz, Union Pacific chairman, president and chief executive
officer.
"Unified Plan 2020 combines precision scheduled railroading
principles with our own UP Way tools and best practices," Fritz
said. "We have been making excellent strides rolling out Unified
Plan 2020, and Jim's vast knowledge of the precision scheduled
railroading model brings significant experience and expertise that
will enhance the work already underway."
During Vena's tenure as executive vice president and chief
operating officer, Canadian National generated the North American
rail industry's best operating ratio and achieved the best safety
incident ratio in the company's history. Vena started his railroad
career as a brakeman and held progressively increasing
responsibilities in Canadian National's operations as well as
marketing and sales groups, including leading all of CN's operating
regions.
Tom Lischer, Union Pacific's
executive vice president - Operations, and Lynden Tennison,
executive vice president and chief strategy officer, will report to
Vena.
About Union Pacific
Union Pacific Railroad is the
principal operating company of Union Pacific Corporation (NYSE:
UNP). One of America's most recognized companies, Union Pacific
Railroad connects 23 states in the western two-thirds of the
country by rail, providing a critical link in the global supply
chain. From 2008-2017, Union Pacific invested approximately
$34 billion in its network and
operations to support America's transportation infrastructure. The
railroad's diversified business mix includes Agricultural Products,
Energy, Industrial and Premium. Union Pacific serves many of the
fastest-growing U.S. population centers, operates from all major
West Coast and Gulf Coast ports to eastern gateways, connects with
Canada's rail systems and is the
only railroad serving all six major Mexico gateways. Union Pacific provides value
to its roughly 10,000 customers by delivering products in a safe,
reliable, fuel-efficient and environmentally responsible
manner.
This press release contains statements about the Company's
future that are not statements of historical fact, including
specifically the statements regarding the Company's expectations
with respect to implementing a new operating plan and its ability
to improve network performance and customer service. These
statements are, or will be, forward-looking statements as defined
by the Securities Act of 1933 and the Securities Exchange Act of
1934. Forward-looking statements also generally include, without
limitation, information or statements regarding: projections,
predictions, expectations, estimates or forecasts as to the
Company's and its subsidiaries' business, financial, and
operational results, and future economic performance; and
management's beliefs, expectations, goals, and objectives and other
similar expressions concerning matters that are not historical
facts.
Forward-looking statements should not be read as a guarantee
of future performance or results, and will not necessarily be
accurate indications of the times that, or by which, such
performance or results will be achieved. Forward-looking
information, including expectations regarding operational and
financial improvements and the Company's future performance or
results are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in the statement. Important factors, including risk
factors, could affect the Company's and its subsidiaries' future
results and could cause those results or other outcomes to differ
materially from those expressed or implied in the forward-looking
statements. Information regarding risk factors and other cautionary
information are available in the Company's Annual Report on Form
10- K for 2017, which was filed with the SEC on February 9, 2018. The Company updates information
regarding risk factors if circumstances require such updates in its
periodic reports on Form 10-Q and its subsequent Annual Reports on
Form 10-K (or such other reports that may be filed with the
SEC).
Forward-looking statements speak only as of, and are based
only upon information available on, the date the statements were
made. The Company assumes no obligation to update forward-looking
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SOURCE Union Pacific