UP’s Duffy to retire; Fritz named executive vice president-operations

Union Pacific said Dennis J. Duffy, vice chairman - Operations, has declared his intention to retire this fall.  Duffy joined the company in 1973 and held positions in the finance, marketing & sales, and operating departments during his career. He is the longest-serving head of Union Pacific's Operating department in company history, serving since 1998.

"Dennis has
incredible industry knowledge, a keen sense of anticipating what it takes to
help us grow with our customers, and a tireless work ethic," said James R.
Young, Union Pacific chairman, president and chief operating officer. "His
unwavering commitment to our company’s values of focusing on safety, service
and performance, ensuring high ethical standards, and working as a team has led
Dennis to make many significant contributions to Union Pacific.  We are grateful for his service."

Union Pacific
has appointed Lance M. Fritz executive vice president – Operations, effective
September 1.  He will be responsible
for all aspects of Union Pacific’s railroad operations.

Fritz, 47,
joined the company’s marketing & sales organization as vice president –
Energy in 2000.  He previously
served as regional vice president – Northern Region, regional vice president –
Southern Region, and vice president – Labor Relations prior to being named vice
president – Operations in December 2009.

Fritz is a
graduate of Bucknell University and holds a master’s degree from the Kellogg
School of Management at Northwestern University.  Prior to joining Union Pacific, he was a general manager for
Fiskars, a leading global supplier of home, garden and outdoors consumer
products; and served as vice president of merchandising for Cooper Industries,
a global electrical components and tools manufacturer.