/C O R R E C T I O N -- Union Pacific/

Date : 09/06/2018 @ 12:06PM
Source : PR Newswire (US)
Stock : Union Pacific Corp. (UNP)
Quote : 163.3  -0.4 (-0.24%) @ 2:03PM

/C O R R E C T I O N -- Union Pacific/

Union Pacific (NYSE:UNP)
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In the news release, Union Pacific Elects William J. DeLaney to Board of Directors, issued 06-Sep-2018 by Union Pacific over PR Newswire, we are advised by the company that the 3rd paragraph, 1st sentence, should read "chief executive officer" rather than "chief operating officer" as originally issued inadvertently. The complete, corrected release follows:

Union Pacific Elects William J. DeLaney to Board of Directors

OMAHA, Neb., Sept. 6, 2018 /PRNewswire/ -- Union Pacific Corporation announced that William J. DeLaney has been elected to the company's board of directors.

Union Pacific. (PRNewsFoto/Union Pacific) (PRNewsfoto/Union Pacific)

DeLaney, 62, served as Sysco Corporation chief executive officer from March 2009 until retiring at the end of 2017. Sysco is an international food marketing and distribution company that reported $55.4 billion in 2017 sales.

"Bill brings tremendous leadership, a strong finance background and excellent supply chain management skills that will be great assets for our company," said Lance Fritz, Union Pacific chairman, president and chief executive officer. "Bill has a breadth of knowledge that comes from being a long-tenured CEO at a large industrial company, along with significant corporate governance experience. We are thrilled to welcome him to the board."

DeLaney embarked on his nearly 30-year Sysco career in 1987 when he joined the company as assistant treasurer. He progressed to roles of increasing responsibility including vice president and treasurer, president and CEO of Sysco Food Services of Charlotte Inc., and Sysco Corporation executive vice president and chief financial officer, among many others.

DeLaney serves on the boards at Sanmina Corporation and Express Scripts. He is a member of the audit and corporate governance committees for each board. DeLaney served on the Sysco Corporation board 2009-17.

He earned his undergraduate degree in business administration from the University of Notre Dame, and obtained a Master of Business Administration from the University of Pennsylvania's Wharton School.

ABOUT UNION PACIFIC

Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. In the last 10 years, 2008-2017, Union Pacific invested approximately $34 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix is classified into its Agricultural Products, Energy, and Industrial and Premium business groups. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.

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Cision View original content with multimedia:http://www.prnewswire.com/news-releases/union-pacific-elects-william-j-delaney-to-board-of-directors-300708046.html

SOURCE Union Pacific

Copyright 2018 PR Newswire

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