Amtrak taps former Delta CEO to lead agency

Amtrak taps former Delta CEO to lead agency

Amtrak on Monday named a former Delta Air Lines (DAL.N) chief executive as its next president and CEO as the USA passenger rail carrier makes major repairs at its busiest US hub.

Richard Anderson, who also ran Northwest Airlines and most recently served as executive chairman of Delta’s board of directors, will immediately share chief executive officer duties with current CEO Wick Moorman through December and take over the post next year.

Moorman retired in 2015 as chairman, CEO and president of Norfolk Southern Corp (NSC.N) before taking the helm at Amtrak.

The change in leadership will come as Amtrak is scheduled to make repairs to Penn Station in a move that will likely cause inconveniences to commuters during the summer.

Richard Anderson, a former CEO for Delta and Northwest Airlines, will formally begin his new role July 12, two days into the so-called “summer of hell” service disruptions at Penn Station.

“It is an honor to join Amtrak at time when passenger rail service is growing in importance in America”, Anderson said in a news release. Its unaudited operating loss of $227 million was the smallest since 1973.

Over the past 25 years, Anderson has become one of the most respected CEOs in the airline business.

Former Delta CEO Richard Anderson will replace Wick Moorman, the transit agency announced Monday.

During his tenure, Delta outpaced its peers in on-time performance, grew rapidly in top business markets such as NY and acquired stakes in airlines in the United Kingdom, China, Mexico and Brazil.

In an interview, Moorman said that Anderson had learned of Amtrak’s CEO search and volunteered to be considered.

He noted the challenge of serving record passenger rail traffic in an industry that has been underinvested for decades. Amtrak on Monday, June 26, 2017, namedAnderson as its new president and CEO.