Charles Moorman

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Charles W. Moorman IV
Co-CEO of Amtrak
In office
July 12, 2017 – December 31, 2017
President and CEO of Amtrak
In office
September 1, 2016 – July 12, 2017
Preceded by Joseph H. Boardman
Succeeded by Richard Anderson

Charles Wickliffe "Wick" Moorman IV (born 1953 in Hattiesburg, Mississippi) is an American businessman and railroader. Moorman is currently a consultant with Amtrak, where he formerly served as President and CEO as well as co-CEO.[1][2] Prior to his hiring by Amtrak, Moorman served as chairman, president and CEO of Norfolk Southern Railway.[3] At Norfolk Southern, he succeeded David R. Goode on February 1, 2006. Moorman served as president from 2004 to 2013 and chief executive officer from 2005 until his initial retirement in 2015.[citation needed]

Moorman has served in a number of leadership positions at Norfolk Southern and its predecessor railroads including senior vice president corporate planning and services, president of Thoroughbred Technology and Telecommunications, vice president information technology, and vice president personnel and labor relations.

Moorman is a 1975 graduate of Georgia Tech[4] and Harvard Business School, he joined Norfolk Southern in 1970 as a Co-Op while still attending Georgia Tech.[5] He was also a member of Tau Kappa Epsilon fraternity.[6]

On December 9, 2010, Railway Age named Moorman the Railroader of the Year recipient for 2011.[7]

In 2011, Moorman was involved in the launch of the 21st Century Steam, a revival of Norfolk Southern's popular steam excursion program which had been ended in 1994. On June 1, 2013, Moorman was succeeded as president of Norfolk Southern by James A. Squires.[8]

On August 19, 2016, Amtrak announced that Moorman had been selected to become the railroad's new president and CEO to succeed Joseph H. Boardman on September 1.[1][2] Moorman, who had stated that he only intended to serve as a "transitional CEO", served as CEO for less than one year before former Delta Air Lines executive Richard Anderson was named President and co-CEO in June 2017.[9] Moorman remained with Amtrak as co-CEO with Anderson until the end of 2017 before transitioning into an advisory role in 2018.

Compensation[edit]

While CEO of Norfolk Southern in 2008, Moorman earned a total compensation of just over $9 million, which included a base salary of $950,000, a cash bonus of $1,759,400, stocks granted of $6,768,618, and options granted of $2,415,000.[10] Moorman's contract with Amtrak calls for him to be paid $1 per year with incentive pay up to $500,000 per year based on criteria set by the Amtrak Board of Directors.[11]

See also[edit]

References[edit]

  1. ^ a b Amtrak (August 19, 2016). "Amtrak Names Industry Veteran Wick Moorman President And Chief Executive Officer". PRNewswire (Press release). Retrieved August 19, 2016.
  2. ^ a b "Moorman named as Amtrak President". Railway Gazette. August 19, 2016. Retrieved August 19, 2016.
  3. ^ "May 2008". Principal Officers. Norfolk Southern Corporation. Retrieved 2008-05-18.
  4. ^ "October 2006". Buzz Words. Georgia Tech Alumni Association. Archived from the original on 2007-09-05. Retrieved 2007-09-06.
  5. ^ "December 2007". CHARLES W. MOORMAN CHAIRMAN OF UNITED WAY'S 1994 NORFOLK CAMPAIGN. Archived from the original on 2011-06-08. Retrieved 2007-12-22.
  6. ^ "The Teke Guide" (PDF). Tau Kappa Epsilon Fraternity. March 9, 2010. Retrieved December 14, 2015.
  7. ^ "Norfolk Southern CEO Wick Moorman named Railway Age Railroader of the Year". Railway Age. December 9, 2010. Archived from the original on December 11, 2010. Retrieved December 13, 2010.
  8. ^ Norfolk Southern Corporation (May 10, 2013). "Norfolk Southern Names Six to Senior Management Positions" (Press release). Retrieved March 4, 2014.
  9. ^ Aratani, Lori (26 June 2017). "Amtrak names new chief executive". Washington Post. Retrieved 27 June 2017.
  10. ^ 2008 CEO Compensation for Charles W. Moorman Archived April 14, 2009, at the Wayback Machine., Equilar.com
  11. ^ Amtrak taps "Wick" Moorman, retired top executive at Norfolk Southern, as its next CEO.

External links[edit]

Business positions
Preceded by
David R. Goode
President of Norfolk Southern Railway
2004 – 2013
Succeeded by
James A. Squires
Preceded by
David R. Goode
CEO of Norfolk Southern Corporation
2005 – 2015
Succeeded by
James A. Squires
Preceded by
Joseph H. Boardman
CEO of Amtrak
2016 - 2017
(Co-CEO with Richard Anderson: July–December 2017)
Succeeded by
Richard Anderson
Preceded by
Joseph H. Boardman
President of Amtrak
2016 - 2017
Succeeded by
Richard Anderson
Awards and achievements
Preceded by
Matthew K. Rose (BNSF)
Railroader of the Year
2011
Succeeded by
David L. Starling