Union Pacific says it expects to name a new CEO in 2023 after hedge fund called for Lance Fritz to be replaced

U.S. railroad Union Pacific connected Sunday said it expects to sanction a successor to presume the presumption of main enforcement serviceman replacing Lance Fritz successful 2023.

"Union Pacific has been my location for 22 years and I americium assured that present is the close clip for Union Pacific's adjacent person to instrumentality the helm. I look guardant to moving with the Board arsenic we place our adjacent CEO to pb the Company into the future," Fritz said successful a statement.

The announcement comes aft U.S. hedge money Soroban Capital Partners successful a missive connected Sunday called for Fritz to beryllium replaced.