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Norfolk Southern (NYSE:NSC) has appointed former Delta Air Lines (NYSE:DAL) CEO Richard Anderson as its new independent chair of the board, effective immediately. Anderson will also lead the Executive Committee and the Strategy & Planning Committee, reinforcing the railroad operator’s strategic direction and governance.
This leadership transition follows the resignation of Claude Mongeau earlier this month. Mongeau, who had served as board chairman, stepped down citing personal reasons.
Anderson, a respected aviation industry veteran, brings extensive leadership experience to the role. His appointment is the latest move following last year’s shareholder-led changes. In May 2024, activist investor Ancora Holdings successfully secured support for new board representation at Norfolk Southern. That campaign led to Anderson's initial placement on the board.
Norfolk Southern has been under increasing pressure to enhance operational performance and shareholder value. The selection of Anderson signals the company's focus on bringing experienced leadership to steer its long-term strategy and maintain investor confidence.
The company continues to be a key player in U.S. rail freight transportation, operating across the eastern United States and serving major industrial and consumer markets. Investors and stakeholders are likely to view Anderson’s appointment as a step toward improved oversight and strategic planning.
Shares of Norfolk Southern remained steady following the announcement.
