Charles Wickliffe "Wick" Moorman IV (born 1952) 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]
Charles W. Moorman IV | |
|---|---|
| Chairman of the Board Railroaders Memorial Museum | |
| Assumed office November 2020 | |
| President of East Broad Top Foundation | |
| Assumed office February 8, 2020 | |
| 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 |
| Personal details | |
| Born | 1952 (age 71–72) Hattiesburg, Mississippi, U.S. |
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.
Career
editMoorman is a 1975 graduate of Georgia Tech[4] and Harvard Business School, he joined Norfolk Southern predecessor, Southern Railway, 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.
On February 8, 2020, it was announced that the East Broad Top Foundation had acquired most of the railroad assets of the East Broad Top Railroad and Coal Company. It was announced that Moorman was the president of the foundation.[10]
Compensation
editWhile 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.[11] 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.[12]
Honors
editMoorman was elected a member of the National Academy of Engineering in 2016 for leadership in the development of computerized freight railroad tracking system in North America.[13]
See also
editReferences
edit- ^ a b Amtrak (August 19, 2016). "Amtrak Names Industry Veteran Wick Moorman President And Chief Executive Officer". PRNewswire (Press release). Retrieved August 19, 2016.
- ^ a b "Moorman named as Amtrak President". Railway Gazette. August 19, 2016. Archived from the original on August 20, 2016. Retrieved August 19, 2016.
- ^ "May 2008". Principal Officers. Norfolk Southern Corporation. Retrieved 2008-05-18.
- ^ "October 2006". Buzz Words. Georgia Tech Alumni Association. Archived from the original on 2007-09-05. Retrieved 2007-09-06.
- ^ "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.
- ^ "The Teke Guide" (PDF). Tau Kappa Epsilon Fraternity. March 9, 2010. Archived from the original (PDF) on December 22, 2015. Retrieved December 14, 2015.
- ^ "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.
- ^ Norfolk Southern Corporation (May 10, 2013). "Norfolk Southern Names Six to Senior Management Positions" (Press release). Retrieved March 4, 2014.
- ^ Aratani, Lori (26 June 2017). "Amtrak names new chief executive". Washington Post. Retrieved 27 June 2017.
- ^ "'The East Broad Top will run again and again.' | Trains Magazine".
- ^ 2008 CEO Compensation for Charles W. Moorman Archived April 14, 2009, at the Wayback Machine, Equilar.com
- ^ Amtrak taps "Wick" Moorman, retired top executive at Norfolk Southern, as its next CEO.
- ^ "Mr. Charles W. Moorman". NAE Website. Retrieved 2020-06-04.