Norfolk Southern Corporation Appoints Jason A. Zampi as New CFO | Financial News
Norfolk Southern Corporation (NYSE:) has appointed Jason A. Zampi as the new Executive Vice President, Chief Financial Officer, and Treasurer. Mr. Zampi, 49, has been with the company since 2011 and has served in various financial roles before his recent promotion.
In his new position, Mr. Zampi will receive a competitive salary and incentive package, including a long-term incentive award valued at $554,200. The company has also confirmed his eligibility for benefits under the Executive Severance Plan.
Recent developments at Norfolk Southern include leadership changes and positive financial performance. The company reported a net income of $694 million for the second quarter and is investing over $200 million to expand its rail line capacity in Alabama.
Analysts from top firms have adjusted their price targets for Norfolk Southern, reflecting confidence in the company's growth. These developments demonstrate Norfolk Southern's commitment to improving service quality, managing costs, and implementing strategic initiatives.
In conclusion, Norfolk Southern's appointment of a new CFO and recent financial performance indicate positive momentum for the company. Investors should keep an eye on Norfolk Southern as it continues to make strategic moves in the freight transportation industry.