Effective Dec. 31, Wick Moorman will step down from the co-CEO position and assume the role of senior advisor, starting Jan. 1, 2018.
“The Board is grateful for Wick’s significant contributions since he joined the company, and we are pleased that he is continuing to serve as a senior advisor,” said Tony Coscia, Chair of the Amtrak Board of Directors.
Wick was hired to serve as a transitional CEO, coming out of retirement in September 2016 to lead Amtrak for a short period of time to focus on achieving three objectives: improve operations, streamline the organizational structure, and find his successor.
Over the past year, the company has created a new organizational structure that improved operational efficiencies and the customer experience. Additionally, the company has achieved record ridership, revenues and earnings.
“I have greatly enjoyed my time at Amtrak, and firmly believe that the company is well positioned for the future,” said Moorman. “I look forward to continuing my work with Richard and the entire Amtrak team to further advance passenger rail in this country.”
On Jan. 1, transportation veteran Richard Anderson who joined Amtrak in June 2017 will assume full CEO responsibilities in addition to serving as President.
Click here to read the release from Amtrak.