Thursday, April 2, 2015

John Koraleski: Union Pacific Chairman and CEO

John Koraleski is a product of the University of Nebraska at Omaha, obtaining both his bachelor’s and master’s degree in business administration from the said university. In 1972, John joined the railroad, and over the course of his career held various position at Union Pacific. 
Among others he has held positions in the Administrative and Real Estate Departments. John was the controller at Union Pacific Corporation from August 1998 to March 1999. He also served as the executive vice president of Finance and Information Technology of Union Pacific Railroad. John was the executive vice president of Marketing and Sales from March 1999 to March 2012. 
He was named president and chief executive officer of Union Pacific Corporation on March 2012. John was elected chairman on March 2014, and was named executive chairman of the board of directors on February 5, 2015.
When he assumed the position of CEO in March 2012, the company was experiencing tough times. This was due to the decline in coal shipments. Coal is a staple of Union Pacific. He predicted better times ahead which turned out to be right but also admits there are future challenges that the company has to address. 

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