Kansas City Southern’s current executive chairman, Michael R. Haverty, will transition to non-executive chairman of the board of directors and chairman of the executive committee of the board on Sept. 30.
“I advised the board yesterday that it was time to step away from being an executive of the company in what has been a well-executed succession plan,” Haverty said in a written statement. “It was three years ago the first of this month that I moved up to executive chairman and Dave Starling became KCS’s chief executive officer.”
“We have a strong, experienced management team now,” he explained. “Plus this year marks my 50th anniversary of starting in the railroad industry as a switchman/brakeman in Atchison, Kan., so the timing is appropriate to transition to non-executive chairman at the end of next month.”
Haverty will remain on the board of directors and will continue to serve as chairman of the board, and Starling will continue as the Class I railroad’s CEO and president and as a member of the board.