Join The Discussion

 

Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

read more >

Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

read more >

Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

read more >

Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

read more >

TABC won’t hear Glen Garden case as purchase moves forward

The Texas Alcoholic Beverage Commission has dismissed several protests against a permit for a proposed whiskey distillery at the Glen Garden Country Club.

read more >

UPDATE: BNSF railroad shuffles top execs but keeps Rose

 

Carl Ice 

FORT WORTH, Texas (AP) — The CEO who led BNSF railroad as it was sold to Warren Buffett's company is moving into the chairman's role, and another executive will be promoted to lead the company.

The Fort Worth-based railroad announced the executive changes Wednesday.

BNSF's Chairman and CEO Matt Rose will become executive chairman in January. Chief Operating Officer Carl Ice will be promoted to President and Chief Executive Officer.

The railroad said Rose will focus on long-term strategic planning while Ice focuses on day-to-day operations.

Ice has been with BNSF for 34 years, most recently serving as president since November 2010. In 1995, he led a team that orchestrated the merger and subsequent integration of Burlington Northern Railroad and Santa Fe Railway. Since then, he has helped lead the company and culture into what it is today. Ice has been integral to the development of the company’s operating and marketing plans.

“For over a decade, Carl has worked alongside me, and his assumption of the CEO title is a natural and well-deserved transition,” said Rose in a news release. “I am pleased for him and the organization, and the continuity he represents as he undertakes the leadership of this role.”

Buffett, who is Berkshire Hathaway's chairman and CEO, praised Rose and Ice and said BNSF has exceeded his expectations since Berkshire bought the railroad in 2010.

Some Berkshire investors have speculated that Rose may be a candidate to eventually succeed the 83-year-old Buffett as CEO. - Additional reporting by Robert Francis, Fort Worth Business Press
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?