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Norfolk Southern CEO Alan Shaw and legal chief Nabanita Nag were terminated from the organization after engaging in a consensual relationship. The company has since announced that their CFO, Mark George, will take over Shaw's position. Shaw had not addressed his exit publicly at the time of writing this article.
The Norfolk Southern Corporation revealed that although the relationship between the two was consensual, they violated the company's policies and code of ethics by engaging in a union. The railway company added that Alan Shaw's departure was unrelated to their financial reporting, the company's performance, and "results of operations."
As per her official LinkedIn account, Nabanita Chaterjee Nag was the Executive Vice President of Corporate Affairs and Chief Legal Officer at the Norfolk Southern Corporation. She worked with the company for just over two years, where her responsibilities included:
"Law, Corporate Secretary, Internal Audit & Compliance, Risk Management, Corporate Communications and Government Relations."
Everything to know about Norfolk Southern's Nabanita Nag as she gets released from the company
Nabanita Nag's LinkedIn account also revealed that she studied at the University School of Jackson and attained her Bachelor of Arts degree in Political Science and Government Honors and English from Georgetown University. She then pursued her doctorate in law, banking, corporate, finance, and securities law from New York University.
Nabanita Nag worked at Shearman & Sterling LLP, Goldman Sachs, and Prudential Financial before joining the Norfolk Southern Corporation, where she climbed the ladder from being a general counsel in corporate.
Nabanita Nag's LinkedIn account also read:
"Seasoned leader and executive with business-focused approach to engaging with internal clients as partner and collaborator at three Fortune 300 public companies."
More details about the changes in Norfolk Southern
Mark George, who replaced Alan Shaw, has been working as the company's CFO for nearly five years. He has also served in senior finance roles at Otis Elevator and United Technologies. While taking on a new role at Norfolk Southern, he said in a press statement that was released on September 11, 2024:
"I am honored to take on this role and lead Norfolk Southern. I look forward to my continued partnership with John and the entire Thoroughbred team as we further our progress on optimizing operations and serving our customers, while creating a safe and satisfying workplace and delivering enhanced value for our employees, customers, shareholders, and communities."
Jason Zampi will serve as the company's interim CFO, alongside Jason Morris as interim corporate secretary until further notice.
Norfolk Southern Corporation and its predecessor companies have managed the movement of goods and materials across the US since 1987. Today, their mission continues to head freight transportation networks through a customer-centric approach.
