(The following story by Stacie Hamel appeared on the Omaha World-Herald website on July 28.)
OMAHA, Neb. — Andrew Card, former chief of staff to President Bush and a former U.S. transportation secretary, was elected to Union Pacific Corp.’s board of directors, the company announced Thursday.
Card left the White House in April after serving as chief of staff since November 2000. He served as transportation secretary in 1992-93 under President George H.W. Bush.
Card worked for General Motors Corp. as vice president of government relations before joining the White House.
From 1993 to 1998, he was president and chief executive of the American Automobile Manufacturers Association. He also worked in the Reagan administration.
“Andy is a very talented person who will bring great insight and experience to our board,” said Jim Young, Union Pacific’s president and chief executive. “We are delighted that he has agreed to serve as a director of our company.”
Nonemployee directors are paid $105,000, plus expenses, of which $45,000 must be invested in stock. They also are granted 1,000 restricted shares upon election, plus annual stock options. Directors are paid more if they serve on the audit committee or as committee chairmen.
Card became the eighth outside director of the now 10-member board, which can fluctuate in size.
Three members recently retired from the board at the company’s annual meeting in May.
Denver industrialist Philip Anschutz retired as a director and as vice chairman of the company after 10 years. He had announced he was retiring from the boards of all public corporations.
Former Mexican President Ernesto Zedillo, director of the Yale University Center for the Study of Globalization, retired after more than five years as a U.P. director due to increased responsibilities at Yale, the company said.
Spencer F. Eccles, chairman emeritus of the Wells Fargo intermountain banking region and a director of the U.S. Chamber of Commerce, retired after 30 years as a U.P. director.
Other directors are Erroll B. Davis Jr., chairman and chief executive, Alliant Energy Corp.; Thomas J. Donohue, president and chief executive, U.S. Chamber of Commerce; Archie W. Dunham, retired chairman, ConocoPhillips; Judith Richards Hope, adjunct law professor, Georgetown University Law Center; Charles C. Krulak, retired general, U.S. Marine Corps; Michael W. McConnell, managing partner, Brown Brothers Harriman & Co.; and Steven R. Rogel, chairman, president and chief executive, Weyerhaeuser Co.