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Charles Moorman

Name  Charles Moorman

Role  Executive
Charles Moorman archivefortunecomassetsi2cdnturnercommoney
Education  Georgia Institute of Technology

Charles Wickliffe "Wick" Moorman IV (born 1953 in Hattiesburg, Mississippi) is an American businessman and railroader. Moorman is currently the co-Chief Executive Officer of Amtrak, where he formerly served as President and CEO. Prior to his hiring by Amtrak, Moorman served as chairman, president and CEO of Norfolk Southern Railway. 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.

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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.

Moorman is a 1975 graduate of Georgia Tech and Harvard Business School, he joined Norfolk Southern in 1970 as a Co-Op while still attending Georgia Tech. He was also a member of Tau Kappa Epsilon fraternity.

On December 9, 2010, Railway Age named Moorman the Railroader of the Year recipient for 2011.

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.

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. 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 Airlines executive Richard Anderson was named President and co-CEO in June 2017. Moorman will remain with Amtrak as co-CEO with Anderson until the end of 2017.

Compensation

While 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. 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.

References

Charles Moorman Wikipedia


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