KCS elects Haverty executive chairman; Starling elected President and CEO

February 14, 2001 Kansas City Southern said that the KCS board of directors elected Michael R. Haverty, currently chairman and chief executive officer, to the position of executive chairman and elected current president and chief operating officer, David L. Starling, to president and chief executive officer, both effective August 1, 2010. Haverty will continue to concentrate on the strategic direction of the company and oversee long-term business decisions.

Starling will report to Haverty
and focus on execution of the company’s long-range plan that is intended to
make it an even stronger company, with responsibility for oversight and
management of all facets of the company’s operations, as well as those of its
subsidiaries and affiliates.

"When Dave Starling assumed
the position of president and director general of PCRC (Panama Canal Railway
Company, a KCS affiliate) in June 1999, he began a reporting relationship to me
as co-chairman of PCRC," said Haverty. "In July 2007, we engaged him as
executive representative of KCS, in addition to his position at PCRC, so that
he could work with ocean carriers calling on the Port of Lazaro Cardenas in
Mexico, as well as the Port of Balboa in Panama. This gave Dave exposure to our
intermodal network in Mexico."

Haverty went on to say, "Dave
came to Kansas City in July 2008 as president and chief operating officer of
KCS with the thought in mind that he could succeed me as CEO. After two years,
we are ready. David is a great team leader, and I truly believe we have the
best management team, both north and south of the border, that we have had in
the 15 years I have been associated with KCS."

Starling joined KCS in June
2008 having served as president and director general of the Panama Canal
Railway Company. He has acquired substantial experience in the North American
rail industry in intermodal and global shipping logistics during his career. Starling
began his railroad career in 1971 with the St. Louis-San Francisco Railroad
(the Frisco) and over the next 14 years held various positions in rail
operations at the Frisco and later, Burlington Northern when the Frisco was
merged into BN.

Starling joined Mi-Jack
Products in 1984 to help create a terminal operating company and was later
named vice president. In 1988, Starling joined American President Lines as
managing director of stack train operations in Chicago, then Atlanta, which
included responsibility for Mexico. He was made managing director for APL’s
Philippines operations in 1993, managing director for Hong Kong/South China in
1994, and was promoted to vice president for Central Asia responsible for
China, Taiwan and Hong Kong in 1997.

In 1999, Mr. Starling
joined the PCRC as president and director general, serving in Panama until
2008, when he joined KCS as president and COO.

"I am thrilled to have the
opportunity to become CEO of KCS at a time that many positive things are
happening with the company," said Starling. "The past two years have been
challenging, but also fulfilling as we weathered a deep recession and are
coming out of it even stronger. The Kansas City Southern Railway Company and
Kansas City Southern de Mexico are working closer together than ever and our
cross border business now accounts for a quarter of KCS’ total revenue.

"We are making progress
with more opportunities ahead of us," added Starling. "We have a strong
management team, and with my close working relationship with Mike, we will all
work together to strive to make KCS an even more successful company going
forward."