ATLANTA — The Norfolk Southern board of directors is investigating allegations that CEO Alan Shaw had an inappropriate workplace relationship, CNBC reported Sunday, citing three unnamed people said to be familiar with the matter.

The investigation is in its early stages, the network reported, and it is possible that no misconduct will be uncovered.

Norfolk Southern did not immediately return an email seeking comment.

Shaw, who became chief executive in 2022, maintained the backing of the NS board despite the disastrous hazardous materials derailment in East Palestine, Ohio, in 2023, as well as during its battle with activist investor Ancora Holdings this year.

This is a developing story.

The post Report: Norfolk Southern board probing CEO over alleged inappropriate relationship appeared first on FreightWaves.

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