One of Berkshire Hathaway’s biggest bets was to go all in on America. Around that time, Warren Buffett and company acquired Burlington Northern Santa Fe Railroad. We now have received word that Burlington Northern President and COO Carl Ice will soon become President and CEO beginning on the first day of the new year.
The current CEO and chairman, Matthew K. Rose, is going to step into the role of executive chairman. This transitional role will turn Rose into a key overseer who no longer has daily operational control.
Warren Buffett tells us, “BNSF’s performance has far exceeded the high expectations I had at the time of Berkshire’s purchase. The combination of Matt’s and Carl’s talents is the perfect arrangement for the future. I consider Berkshire very fortunate to have these men at BNSF’s helm.”
Burlington Northern Santa Fe is currently one of the leading giants in the freight transportation industry, and has over 32,500 track miles spanning across 28 states and two provinces in Canada.
The new CEO has worked for the company for 34 years. He’s also been an integral part of the company’s marketing and operating plans.
Matthew Rose tells us, “For over a decade, Carl has worked alongside me, and his assumption of the CEO title is a natural and well deserved transition. I am pleased for him and the organization, and the continuity he represents as he undertakes the leadership of this role.”
A press release sent out on Wednesday tells us that Matthew Rose is going to continue to work as a member of Burlington Northern Santa Fe’s leadership over the next 10 years “on the activities supporting BNSF’s strategic positioning for growth and investment, including long-term organizational planning, market positioning and public policy.”