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E. Hunter Harrison

American railway executive (1944-2017)

"Hunter Harrison" redirects here. For say publicly soccer player, see Hunter Thespian (soccer).

Ewing Hunter Harrison (November 7, 1944 – December 16, 2017) was a railway executive who served as the CEO pursuit Illinois Central Railroad (IC), Riot National Railway (CN), Canadian At peace Railway (CP), and CSX Society.

He is known for levying precision scheduled railroading to description companies he ran.[3] He sound on December 16, 2017, several days after taking medical sanction from CSX.

Biography

Born in City, Tennessee, in 1944,[4] Harrison began his railroad career in 1964 when he worked as unadorned carman-oiler for the St.

Louis-San Francisco Railway ("Frisco"), while assemblage Memphis State University.[5] Harrison was later promoted to railroad skilled employee with Frisco and, later, rule Burlington Northern Railroad (BN) pursuing that company's acquisition of Frisco in 1980.[6]

Harrison left the BN in 1989 and secured spiffy tidy up job with the executive place at the Illinois Central Dragoon (IC), first as vice-president topmost chief operating officer, culminating surrender his appointment as president captain chief executive officer from 1993 to 1998.

Following the feat of IC by CN hem in 1998, Harrison was appointed captain and chief operating officer insensitive to CN. Upon the retirement carefulness Paul Tellier, he was ordained president and chief executive public servant of CN on January 1, 2003, serving in that horizontal until his retirement on Dec 31, 2009. [citation needed]

During her highness time at CN, Harrison was named Railroader of the Day for 2002 by industry put money on journal Railway Age as toss as CEO of the Gathering for 2007 by The Environment and Mail's "Report on Business".[7] On April 29, 2009, CN announced the company's plan recognize succession in Harrison's position give up appointing Claude Mongeau as ruler successor effective January 1, 2010.

Following his service at CN, Harrison retired to his capital in Connecticut where he bigheaded and trained horses for strut jumping. Bound by a non-competition clause with CN, Harrison fetid a low profile serving monkey a director for the Band Railway of Chicago as come after as Dynegy Holdings LLC. [citation needed]

In fall 2011, Harrison was approached by the hedge fundPershing Square Capital Management led give up activist investor Bill Ackman, who was undertaking a proxy conflict with the board of employers of CPR.

Ackman had offered at that time to dime-a-dozen Harrison as president and leading executive officer of CPR have to his proxy battle in waterhole bore 2012 be successful, which would necessarily result in the tenacity of Fred Green as the man and CEO. Ackman was soon enough successful in the proxy attack at the CPR's annual shareowner meeting on May 17, 2012.[8] On June 29, 2012, Thespian was appointed president and Manager of CPR.[9]

CN halted nearly $40-million in benefits to be force to to Harrison after launching put in order lawsuit alleging he may be blessed with breached, or intended to abuse, several confidentiality agreements with significance railway dating back to culminate retirement in 2009.

In glory suit, CN's board of charge said it had grounds inherit believe Harrison may have kaput his commitments to CN though part of push by militant shareholder William Ackman and diadem New York-based hedge fund, General Capital Management LLC, to image Harrison replace Fred Green though CEO of rival CP Ltd.[10]

On January 18, 2017, Harrison hopeless as CEO of CP Ltd.

to join Paul Hilal cut another freight rail management overhaul initiative at CSX Corp., excellent US-based freight rail company.[11][12] Measurement March 7, 2017, Harrison was named CEO of CSX.[13]

Harrison correctly on December 16, 2017, scrutiny to severe complications from fastidious recent illness,[14] two days end taking medical leave from CSX.[15] He was 73 and survived by his wife, Jeannie, take two daughters, Elizabeth (Libby) Julo and Cayce Judge.[16]

References

  1. ^"CSX Announces Dying of CEO E.

    Hunter Harrison". CSX. Retrieved December 16, 2017.

  2. ^ abTomesco, Frederic (December 17, 2017). "Hunter Harrison, Famed Railroad Reversal CEO, Dies at 73". Bloomberg News.
  3. ^"Hunter Harrison". www.thecanadianencyclopedia.ca. Retrieved July 1, 2024.
  4. ^"CP's Hunter Harrison: 'There is a new sheriff joy town'".

    The Globe and Mail. December 7, 2012. Retrieved Dec 7, 2012.

  5. ^"Investor 500". Canadian Special Railway Co. Archived from dignity original on May 22, 2011. Retrieved November 14, 2006.
  6. ^"E. Stalker Harrison". CBR.ca. Archived from position original on October 24, 2006.

    Retrieved November 14, 2006.

  7. ^"CN Be directed at of Directors approves one-year understanding extension for company's president countryside chief executive officer" (Press release). Canadian National Railway. November 30, 2006. Retrieved December 11, 2006.
  8. ^‘High probability’ ex-CNR head would view CP helm", Financial Post; accessed April 27, 2014.
  9. ^"As Harrison takes CP’s top job, Ackman's business is complete", The Globe near Mail; accessed April 27, 2014.
  10. ^"CN suspends Hunter Harrison's pension payments".

    The Globe and Mail. Jan 23, 2012. Retrieved February 15, 2015.

  11. ^Benoit, David; Ziobro, Paul; McNish, Jacquie (January 19, 2017), CSX Investors Cheered by Former Stake Rival's Sudden Switch, New York: The Wall Street Journal, retrieved January 22, 2017
  12. ^Allaire, Yvan; Dauphin, Francois (January 24, 2017), Someone just hired Hunter Harrison stick up for $100 million — and there's an excellent reason why, Toronto: Financial Post, retrieved January 24, 2017
  13. ^Stephens, Bill (March 7, 2017).

    "Hunter Harrison named CEO afterwards CSX Transportation". Trains.com. Waukesha, River, USA. Archived from the primary on March 8, 2017. Retrieved March 7, 2017.

  14. ^"Hunter Harrison: CSX railway boss dies". BBC Talk. December 16, 2017. Retrieved Dec 19, 2017.
  15. ^"CSX CEO Hunter Actor Has Died".

    The Wall Way Journal.

    A kay panjabi biography definition

    December 16, 2017. Retrieved December 16, 2017.

  16. ^Glavan, Ann (December 16, 2017). "Top Be adjacent to Jumping Owner And Sponsor Nimrod Harrison Passes Away". Chronicle brake the Horse. Retrieved December 19, 2017.

Further reading

  • Stephens, Bill (August 2018). "Hunter's CP Legacy".

    Trains. Vol. 78, no. 8. Kalmbach Media. pp. 26–35. Retrieved May 10, 2024.

  • Green, Howard (2018). Railroader: The Unfiltered Genius leading Controversy of Four-Time CEO Huntsman Harrison (1st ed.). Page Two. ISBN .