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BNSF executive chairman set to retire

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Matthew Rose will step down as Executive Chairman and retire from BNSF Railway Company (BNSF) in April of 2019. At the end of his tenure, Rose will have been Executive Chairman for six years, and BNSF Chief Executive Officer for the prior 13 years. He also served in senior leadership for marketing and operations before assuming the CEO role in 2000. During his tenure as CEO, he helped guide the acquisition of BNSF by Berkshire Hathaway (BRK) in 2009.

BNSF executive chairman set to retire

“It was a very lucky day for me and for Berkshire Hathaway when I met Matt Rose,” said Warren Buffett, Chairman of Berkshire Hathaway. “Under Matt’s management, BNSF has become a major source of profit and pride for Berkshire. And, as a citizen, Matt has been an exemplar for corporate leadership.”

Rose’s tenure is characterised by his commitment to growth with customers, achieving productivity especially through technological advancement, and developing BNSF’s employees. As a key part of employee development, Rose oversaw the design of the BNSF Leadership Model in 2000 and successfully institutionalised it to forge a cohesive BNSF corporate culture. Through the Leadership Model, BNSF has developed the leadership of teams and individuals across the company throughout the years, making BNSF more successful and resilient.

Rose’s commitment to safety and productivity is best demonstrated through his focus on technology. BNSF’s leadership in train control implementation, and other technologies, will change the industry for decades to come.

Rose has advocated at every point in his career that customer service is what drives profitability, the virtuous cycle of reinvestment and provides the public license to operate. Rose understood the importance of and navigated public policy for the benefit of BNSF and the industry throughout his career.

“I have been incredibly fortunate to work alongside some of the most talented people in the transportation industry,” said Rose. “Through my 26 years at BNSF – 19 in leadership – I have seen enormous change in our economy. Our company has navigated those changes well and now is extremely well positioned for the next several decades. It has been an honour to lead this organisation, as a publicly traded company and also as part of BRK.”

Read the article online at: https://www.drybulkmagazine.com/rail-barge/04102018/bnsf-executive-chairman-set-to-retire/

 

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