(AP) – Norfolk Southern says it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate. His departure ends two difficult years on the job and comes just days after the company’s board announced it was investigating his alleged ethical lapses. Shaw was leading Norfolk Southern in February 2023 when one of its trains derailed, spilled toxic chemicals and caught fire in East Palestine, Ohio, the worst railroad disaster in the last decade. Activist investor Ancora Holdings tried to take control of the railroad earlier this year and fire Shaw. The railroad’s board on Wednesday said it promoted Chief Financial Officer Mark George to be its new CEO.
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