(The Associated Press circulated the following article on September 28.)
NORFOLK, Va. — Norfolk Southern Corp., owner of the major freight railroad of the same name, said Wednesday that it named Charles W. Moorman to succeed David R. Goode as chief executive Nov. 1.
Goode, 64, will remain chairman until he retires in early 2006, when Moorman, 53, will take over that position. Moorman will also continue as president of the company, a position he’s held since October 2004.
The company also said James A. Hixon has been named executive vice president law and corporate relations, starting Oct. 1.
Norfolk Southern shares closed at $40.05, up $1.41, or 3.6 percent, on the New York Stock Exchange.