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Kummant is out and Crosbie to be Acting President of Amtrak
Author: Late Breaking News
Date: 11-14-2008 - 14:10
Amtrak News Release
FOR IMMEDIATE RELEASE
ATK-08-096
Contact: Cliff Black
November 14, 2008
202 906.3860
AMTRAK STATEMENT
WASHINGTON -
The National Railroad Passenger Corporation today announced the
resignation of its President and CEO, Alex Kummant.
"On behalf of the entire Board, I'd like to thank Alex for his
leadership over the past two years," said Donna McLean, Chair of the
Board. "During the past two years, the company experienced exciting
economic times, strong ridership and revenue growth, solid profit and
loss performance, and the advancement of the Amtrak brand overall. He
also successfully oversaw the completion of labor agreements with all of
the unions representing Amtrak's employees. We are grateful to Alex for
his contributions to the company. We wish him well in his future
endeavors."
Alex Kummant reflected that he was "proud of what the management team at
Amtrak had accomplished over the last two plus years and that [he
believed] Amtrak had a strong operational and financial base to get
through the coming turbulent times." He continued that he "would help in
any way to make this a smooth transition."
"I'd like to thank Alex for his commitment to Amtrak over the past two
years," said Hunter Biden, Vice Chair of the Board. "Our Board is
committed to keeping Amtrak on an aggressive path of performance
improvement. Current economic conditions highlight the need for us to
continue finding ways to drive quality and customer service across the
system. We are moving forward with the development of an aggressive
long-term plan for the company, based on the recent legislation passed
by Congress."
After record ridership and revenue in FY08, a downturn in the economy
and new legislative requirements present challenges as well as
opportunities. In the coming years, Amtrak will need leadership to
maximize its potential and utility to the traveling public, while
increasing the efficiency of the whole operation. The Board is confident
that this transition will be seamless, with William Crosbie, Amtrak's
Chief Operating Officer, as Acting President and CEO for an interim
period.
FOR IMMEDIATE RELEASE
ATK-08-096
Contact: Cliff Black
November 14, 2008
202 906.3860
AMTRAK STATEMENT
WASHINGTON -
The National Railroad Passenger Corporation today announced the
resignation of its President and CEO, Alex Kummant.
"On behalf of the entire Board, I'd like to thank Alex for his
leadership over the past two years," said Donna McLean, Chair of the
Board. "During the past two years, the company experienced exciting
economic times, strong ridership and revenue growth, solid profit and
loss performance, and the advancement of the Amtrak brand overall. He
also successfully oversaw the completion of labor agreements with all of
the unions representing Amtrak's employees. We are grateful to Alex for
his contributions to the company. We wish him well in his future
endeavors."
Alex Kummant reflected that he was "proud of what the management team at
Amtrak had accomplished over the last two plus years and that [he
believed] Amtrak had a strong operational and financial base to get
through the coming turbulent times." He continued that he "would help in
any way to make this a smooth transition."
"I'd like to thank Alex for his commitment to Amtrak over the past two
years," said Hunter Biden, Vice Chair of the Board. "Our Board is
committed to keeping Amtrak on an aggressive path of performance
improvement. Current economic conditions highlight the need for us to
continue finding ways to drive quality and customer service across the
system. We are moving forward with the development of an aggressive
long-term plan for the company, based on the recent legislation passed
by Congress."
After record ridership and revenue in FY08, a downturn in the economy
and new legislative requirements present challenges as well as
opportunities. In the coming years, Amtrak will need leadership to
maximize its potential and utility to the traveling public, while
increasing the efficiency of the whole operation. The Board is confident
that this transition will be seamless, with William Crosbie, Amtrak's
Chief Operating Officer, as Acting President and CEO for an interim
period.
| Subject | Written By | Date/Time (PST) |
|---|---|---|
 Kummant is out and Crosbie to be Acting President of Amtrak |
Late Breaking News | 11-14-2008 - 14:10 |
|
Re: Kummant is out and Crosbie to be Acting President of Amtrak
|
tt | 11-14-2008 - 17:51 |
|
Re: Kummant is out and Crosbie to be Acting President of Amtrak
|
Tom McCann | 11-14-2008 - 18:00 |
|
Re: Kummant is out and Crosbie to be Acting President of Amtrak
|
Alfred Doten | 11-17-2008 - 23:19 |
|
Re: Kummant is out and Crosbie to be Acting President of Amtrak
|
Stan-Messenger | 11-14-2008 - 19:07 |