KARAH RUCKER: CEO OF UNION PACIFIC RAILROAD – LANCE FRITZ – ANNOUNCED SUNDAY HE WILL BE STEPPING DOWN FROM THE POSITION.

A U.S. HEDGE FUND THAT OWNS ABOUT A 1.6 BILLION DOLLAR STAKE IN THE COMPANY HAD CALLED FOR THE CHANGE IN LEADERSHIP EARLIER THAT DAY – CITING THE RAILROAD COMPANY’S NEED FOR SAFER OPERATIONS AND FASTER TRANSPORTATION.

THE STOCK MARKET APPARENTLY AGREES WITH THE CHANGE AT THE TOP. SHARES OF UNION PACIFIC SURGED NEARLY TEN PERCENT IN EARLY TRADE TODAY – ON COURSE FOR ITS BIGGEST RISE SINCE MARCH OF 2020.

IT’S A BOUNCE BACK THAT WAS NEEDED – GIVEN UNION PACIFIC SHARES HAVE DROPPED MORE THAN 25 PERCENT OVER THE PAST TEN MONTHS.

U.S. HEDGE FUND “SOROBAN CAPITAL PARTNERS” CALLED FOR  FRITZ TO RESIGN…A SHOWING OF STRONG INFLUENCE COMPANY-INVESTORS HAVE IN A COMPANY’S OPERATIONS.

UNION PACIFIC SAID A NEW CEO WILL BE NAMED SOMETIME THIS YEAR. AND AS PART OF THEIR SEARCH FOR NEW LEADERSHIP – IT IS CONSIDERING SHAREHOLDER INPUT IN THE PROCESS. WHICH SOROBAN CAPITAL HAS ALREADY PUT UP THEIR CANDIDATE OF CHOICE – JIM VENA, UNION PACIFIC’S FORMER CHIEF OPERATING OFFICER.