Norfolk Southern (NSC) has fired 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Alan Shaw over a relationship with the freight railroad's top legal officer.

The company had been 澳洲幸运5官方开奖结果体彩网:investigating allegations of misconduct against Shaw, and said Wednesday he had been fired because it found he bꦡroke company policies "by engaging in a consensual relationship" with Chief Legal Officeꦡr Nabanita Nag, who also has been let go.

Shaw Will Be Succeeded By CFO Mark George

Shaw, who was terminated "for cause, effective immediately," will be succeeded by 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Mark George. Nag also was terminated from her other roles as executive vice preside💃nt corporate affairs and coꦺrporate secretary.

Shaw, who joined Norfolk Southern in 1994, worked his way up to marketing chief before taking charge as CEO in May 2022. But💞 the company was involved in some controversie💯s under his watch.

In April, Norfolk Southern announced a 澳洲幸运5官方开奖结果体彩网:$600 million settlement to class-action litigation over a February 2023 train derailment in East Palestine, Ohio. And in July, the company was 澳洲幸运5官方开奖结果体彩网:accused by the U.S. Department of Justice (DOJ) of illegally delaying Amtrak trains along a route from New York City to New Orleans.

Norfolk Southern shares slipped 1% to $250.86 soon after markets opened Thursday👍. They are up 6% this year.