KCS Adds Four Directors to Board; Strengthens Key Areas on Board
30 May 2017 - 9:20PM
Business Wire
Kansas City Southern (KCS) (NYSE:KSU) announced today the
addition of four new directors to its Board of Directors, effective
immediately. The new directors bring the Board to 12 members, of
which 11 are independent.
“I am pleased to announce that Mitch Krebs, Lydia Beebe, Janet
Kennedy and Henry Maier have been elected to the Kansas City
Southern Board of Directors. The diverse backgrounds and wide range
of expertise of these new directors substantially strengthens the
Board’s ability to oversee the achievement of our long-term
strategic objectives,” stated Robert J. Druten, Chairman of the
Board of Directors. “They also have very important insights
relating to financial structure and capital allocation, strategy
development, corporate governance, technology and cybersecurity,
and transportation as well as international operating experience in
Mexico, which further complement and enhance the skill sets of our
other directors.”
Mitchell J. Krebs is the current President and Chief Executive
Officer of Coeur Mining, Inc., (NYSE: CDE) a publicly-traded
company and leading global producer of silver and gold with mines
in North and South America, including Mexico. Prior to ascending to
the role of President and CEO in 2011, Mr. Krebs served as Coeur’s
Senior Vice President and Chief Financial Officer. Mr. Krebs not
only has valuable CEO leadership experience, but also provides
additional financial expertise as well as experience with
significant business operations issues in Mexico.
“Mexico is clearly one of our Company’s most important areas of
growth,” stated Druten. “Mitch’s expertise with Coeur’s mining
operations in Mexico will provide invaluable insights for the Board
in overseeing the execution of our operational strategy in
Mexico.”
Lydia I. Beebe joins the Board after serving in various
executive roles at Chevron Corporation, most recently as its Chief
Governance Officer, and as an experienced director of public
companies. She is a respected advisor on corporate strategy, and is
highly regarded for her expertise in working with all stakeholders.
Ms. Beebe currently serves as Senior Of Counsel with the law firm
of Wilson Sonsini Goodrich & Rosati, advising clients on a wide
range of corporate governance issues.
“During my meetings with major institutional investors over the
past year, I engaged in high-level discussions on corporate
governance issues and perspectives that are important to them. The
Board feels that Lydia, in addition to the knowledge and insights
she gained as an executive at multi-national company like Chevron,
has deep expertise with boardroom issues and will further
strengthen the corporate governance culture of our Board and
Company,” stated Druten.
Janet H. Kennedy is the President of Microsoft Canada, a
subsidiary of Microsoft Corporation. She has over 20 years of
experience in sales and marketing of business solutions and
previously spent time in the West and Central regions of the U.S.
as the Vice President of Enterprise Customers.
Mrs. Kennedy adds not only valuable experience leading a
significant business unit within Microsoft but also has
understandings regarding specific technological applications and
developments that will benefit the transportation industry as well
as issues related to cybersecurity that all boards and companies
are now facing.
“The Board is extremely excited to welcome Janet to KCS.
Obviously Microsoft is a leader in the technology area, and recent
events have demonstrated just how important cybersecurity and other
technology skills and issues are to all companies, including
railroads. Janet also brings significant executive leadership
talents that she has developed during her many years at
Microsoft.”
Henry J. Maier is President and Chief Executive Officer of FedEx
Ground, the $16.6 billion subsidiary of FedEx Corp. He is
responsible for the strategic direction and performance of the
company, which is a leader in cost-effective package ground
shipping to businesses and residential customers throughout the
U.S. and Canada. Prior to assuming his current role in 2013, Mr.
Maier held various other senior executive roles in the areas of
marketing, communications and strategic planning.
“FedEx is renowned for its world-class logistics and precision
execution that is second to none. As an executive officer with
FedEx for many years, Henry was instrumental in fostering a culture
that supported this excellence and earned FedEx a sustained
reputation as a great place to work. We believe the values and
goals at KCS align very well with FedEx, and we look forward to
Henry’s input on the Board. In addition to his input on culture,
Henry’s knowledge will be invaluable to the Board in overseeing the
execution of our strategy.”
Headquartered in Kansas City, Mo., Kansas City Southern (KCS)
(NYSE: KSU) is a transportation holding company that has railroad
investments in the U.S., Mexico and Panama. Its primary U.S.
holding is KCSR, serving the central and south central U.S. Its
international holdings include Kansas City Southern de Mexico, S.A.
de C.V., serving northeastern and central Mexico and the port
cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent
interest in Panama Canal Railway Company, providing ocean-to-ocean
freight and passenger service along the Panama Canal. KCS’ North
American rail holdings and strategic alliances are primary
components of a NAFTA Railway system, linking the commercial and
industrial centers of the U.S., Mexico and Canada.
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version on businesswire.com: http://www.businesswire.com/news/home/20170530005220/en/
Kansas City SouthernAshley Thorne,
816-983-1530athorne@kcsouthern.com
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