Sept 9 (Reuters) – Norfolk Southern’s (NSC.N), opens new tab CEO Alan Shaw is predicted to step down from his function on the railroad corporate amid an investigation into allegations of possible place of job misconduct, two resources accustomed to the subject instructed Reuters on Monday.The corporate mentioned on Sunday that it’s reviewing allegations that Shaw violated its ethics coverage.Norfolk Southern didn’t straight away reply to Reuters’ request for remark. Shaw may just no longer be straight away reached for remark. The resources requested to not be known to talk about delicate staff issues.The scoop comes simply 4 months after Shaw, who used to be promoted to the highest activity in Would possibly 2022, survived a hedge fund’s push to oust him in a sour proxy battle.Norfolk Southern’s 13-member board is now tackling its 3rd disaster in a row following this yr’s boardroom combat with Ancora Holdings the place the activist investor gained 3 board seats and the 2023 educate derailment in East Palestine, Ohio.The Wall Side road Magazine first reported that Shaw is predicted to depart his place. Enroll right here.Reporting by way of Seher Dareen and Abhinav Parmar in Bengaluru and Svea Herbst-Bayliss in New York ; Modifying by way of Krishna Chandra Eluri and Stephen CoatesOur Requirements: The Thomson Reuters Agree with Ideas., opens new tabPurchase Licensing Rights
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