Norfolk Southern names Jason Zampi as CFO in latest executive reshuffle
Adds background in paragraph 3, 4, shares in paragraph 5
Sept 24 (Reuters) -Norfolk Southern NSC.N said on Tuesday it has appointed Jason Zampi as its chief financial officer, replacing Mark George, who was promoted to the position of the railroad operator's top executive recently.
Norfolk Southern let go of CEO Alan Shaw earlier this month, following an internal probe into allegations of ethics policy violations and picked George to lead the company.
Zampi has been with Norfolk Southern for 13 years and has prior experience working at accounting firm KPMG.
The appointment comes at a time when Norfolk's board has been tackling one crisis after another including former CEO Shaw's ouster.
Norfolk was also involved in a boardroom battle with Ancora Holdings which culminated with the activist investor winning three board seats and last year's train derailment in East Palestine, Ohio.
The company has also been navigating labor deals at a time when thousands of employees in the industry are negotiating for better pay and working conditions.
In August, Norfolk reached agreements with nine of 13 unions that represent its workers, covering about 55% of its unionized employees.
Shares of the company fell about 1% in after market trading.
Reporting by Utkarsh Shetti in Bengaluru; Editing by Mohammed Safi Shamsi
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