Charles Moorman
{{short description|American businessman and railroader}}
{{About||the U.S. federal judge (1876-1938)|Charles Harwood Moorman|the American academic|Charles W. Moorman III}}
{{BLP sources|date=July 2007}}
{{Infobox officeholder
| name = Charles W. Moorman IV
| image =
| order1 = Chairman of the Board Railroaders Memorial Museum
| term_start1 = November 2020
| order2 = President of East Broad Top Foundation
| term_start2 = February 8, 2020
| term_end2 =
| order3 = Co-CEO of Amtrak
| term_start3 = July 12, 2017
| term_end3 = December 31, 2017
| order4 = President and CEO of Amtrak
| term_start4 = September 1, 2016
| term_end4 = July 12, 2017
| predecessor4 = Joseph H. Boardman
| successor4 = Richard Anderson
| birth_name =
| birth_date = {{Birth year and age|1952}}
| birth_place = Hattiesburg, Mississippi, U.S.
| death_date =
| death_place =
| death_cause =
| resting_place =
| resting_place_coordinates =
}}
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. Prior to his hiring by Amtrak, Moorman served as chairman, president and CEO of Norfolk Southern Railway.{{cite web|url=http://www.nscorp.com/nscportal/nscorp/Media/Principal%20Officers/|title=May 2008|work=Principal Officers|publisher=Norfolk Southern Corporation|accessdate=2008-05-18}} 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|date=September 2007}}
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
Moorman is a 1975 graduate of Georgia Tech{{cite web |url=http://gtalumni.org/buzzwords/oct06/calendar.html |title=October 2006 |work=Buzz Words |publisher=Georgia Tech Alumni Association |accessdate=2007-09-06 |url-status=dead |archiveurl=https://web.archive.org/web/20070905033056/http://gtalumni.org/buzzwords/oct06/calendar.html |archivedate=2007-09-05 }} and Harvard Business School, he joined Norfolk Southern predecessor, Southern Railway, in 1970 as a Co-Op while still attending Georgia Tech.{{cite web|url=http://scholar.lib.vt.edu/VA-news/VA-Pilot/issues/1994/vp940908/09030199.htm|title=December 2007|work=CHARLES W. MOORMAN CHAIRMAN OF UNITED WAY'S 1994 NORFOLK CAMPAIGN|accessdate=2007-12-22|url-status=dead|archiveurl=https://archive.today/20110608122237/http://scholar.lib.vt.edu/VA-news/VA-Pilot/issues/1994/vp940908/09030199.htm|archivedate=2011-06-08}} He was also a member of Tau Kappa Epsilon fraternity.{{cite web|url=http://www.tke.org/files/file/2012_teke_guide.pdf|title=The Teke Guide|publisher=Tau Kappa Epsilon Fraternity|date=March 9, 2010|accessdate=December 14, 2015|archive-url=https://web.archive.org/web/20151222151900/http://www.tke.org/files/file/2012_teke_guide.pdf|archive-date=December 22, 2015|url-status=dead}}
On December 9, 2010, Railway Age named Moorman the Railroader of the Year recipient for 2011.{{cite journal |url=http://www.railwayage.com/breaking-news/norfolk-southern-ceo-wick-moorman-named-railway-age-railroader-of-the-year.html |title=Norfolk Southern CEO Wick Moorman named Railway Age Railroader of the Year |date=December 9, 2010 |journal=Railway Age |accessdate=December 13, 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20101211140902/http://www.railwayage.com/breaking-news/norfolk-southern-ceo-wick-moorman-named-railway-age-railroader-of-the-year.html |archivedate=December 11, 2010 }}
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.{{cite press release| url=http://www.nscorp.com/content/nscorp/en/news/norfolk-southern-names-six-to-senior-management-positions.html| title=Norfolk Southern Names Six to Senior Management Positions| author=Norfolk Southern Corporation| date=May 10, 2013| accessdate=March 4, 2014}}
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.{{cite press release| url=http://www.prnewswire.com/news-releases/amtrak-names-industry-veteran-wick-moorman-president-and-chief-executive-officer-300315924.html| title=Amtrak Names Industry Veteran Wick Moorman President And Chief Executive Officer| author=Amtrak| website=PRNewswire| date=August 19, 2016| accessdate=August 19, 2016}}{{cite web| url=http://www.railwaygazette.com/news/people/single-view/view/moorman-named-as-amtrak-president.html| title=Moorman named as Amtrak President| website=Railway Gazette| date=August 19, 2016| accessdate=August 19, 2016| archive-date=August 20, 2016| archive-url=https://web.archive.org/web/20160820191300/http://www.railwaygazette.com/news/people/single-view/view/moorman-named-as-amtrak-president.html| url-status=dead}} 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.{{cite news|last1=Aratani|first1=Lori|title=Amtrak names new chief executive|url=https://www.washingtonpost.com/news/dr-gridlock/wp/2017/06/26/amtrak-names-new-chief-executive/|accessdate=27 June 2017|newspaper=Washington Post|date=26 June 2017}} 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.{{Cite web|url=https://trn.trains.com/news/news-wire/2020/02/14-east-broad-top-sold-plans-full-operations-by-2021|title = 'The East Broad Top will run again and again.' | Trains Magazine}}
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.[http://www.equilar.com/CEO_Compensation/Norfolk_Southern_Charles_W._Moorman_IV.php 2008 CEO Compensation for Charles W. Moorman] {{webarchive |url=https://web.archive.org/web/20090414093546/http://www.equilar.com/CEO_Compensation/Norfolk_Southern_Charles_W._Moorman_IV.php |date=April 14, 2009 }}, Equilar.com 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.[http://pilotonline.com/business/ports-rail/amtrak-taps-wick-moorman-retired-top-executive-at-norfolk-southern/article_32935ab3-d1e2-52ae-936c-249a1a3dcfc5.html Amtrak taps "Wick" Moorman, retired top executive at Norfolk Southern, as its next CEO.]
Honors
Moorman 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.{{Cite web|title=Mr. Charles W. Moorman|url=https://nae.edu/149901/Mr-Charles-W-Moorman|access-date=2020-06-04|website=NAE Website}}
See also
References
{{Reflist}}
External links
- [https://www.amtrak.com/servlet/ContentServer?c=Page&pagename=am%2FLayout&cid=1251641603121 Official Amtrak Biography – Charles W. Moorman IV]
{{s-start}}
{{s-bus}}
{{s-bef|rows=2| before=David R. Goode}}
{{s-ttl| title=President of Norfolk Southern Railway| years=2004–2013}}
{{s-aft|rows=2|after=James A. Squires}}
{{s-ttl| title=CEO of Norfolk Southern Corporation| years=2005–2015}}
{{s-bef|rows=2|before=Joseph H. Boardman}}
{{s-ttl| title=CEO of Amtrak| years=2016 – 2017
(Co-CEO with Richard Anderson: July–December 2017)}}
{{s-aft|rows=2|after=Richard Anderson''}}
{{s-ttl| title=President of Amtrak| years=2016–2017}}
{{s-ach}}
{{s-bef| before=Matthew K. Rose (BNSF)}}
{{s-ttl| title=Railroader of the Year| years=2011}}
{{s-aft| after=David L. Starling}}
{{s-end}}
{{Authority control}}
{{DEFAULTSORT:Moorman, Charles}}
Category:Norfolk Southern Railway people
Category:Harvard Business School alumni
Category:21st-century American railroad executives