Leading U.S. railroad, Union Pacific Corp. (NYSE:UNP) recently appointed new members to its management team. All new appointments will be effective from Dec 1. The company has designated Eric Butler as the executive vice president (EVP) and chief administrative officer. Butler’s responsibilities are likely to include strategic planning, human resources, labor relations in addition to general administration. Notably, Butler has been associated with the company since 1986 and is currently serving as the EVP and chief marketing officer (CMO).
Butlerwill succeed Diane Duren, who is set to retire after serving Union Pacific for 32 years. Despite stepping down, Duren will continue hold the position of senior vice president and corporate secretary till Feb 2017. Butler, on the other hand, will be succeeded by Beth Whited, who will hold the position of EVP and CMO. Withed has been in charge of the company’s Chemical business since Oct 2012 and as part of her new role, will be responsible for six major units of the company – agricultural products, automotive, chemicals, coal, industrial products and intermodal.
Duren’s Contributions to Union Pacific
Durenhas had an illustrious career at Union Pacific. In fact, she is the first woman ever to lead a multi-billion dollar unit of the company. Duren held the position of Vice President (VP) and general manager (GM) of Agriculture Products division before serving as the VP and GM of the Chemicals division. Her current role was of the company’s chief strategy officer and she was responsible for the company’s talent management initiatives. She joined the company in 1985 and has held various roles in Finance and Marketing & Sales.
Zacks Rank and Stocks to Consider
Union Pacific sports a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company faces intense competition from peers such as Norfolk Southern Corp. (NYSE:NSC) , Canadian National Railway Company (NYSE:CNI) and CSX Corp. (NASDAQ:CSX) . Notably, all theses companies beat earnings estimate in the third quarter.
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