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Form 10-K - Union Pacific

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Executive Officers of the Registrant and Principal Executive Officers of Subsidiaries<br />

The Board of Directors typically elects and designates our executive officers on an annual basis at the<br />

board meeting held in conjunction with the Annual Meeting of Shareholders, and they hold office until<br />

their successors are elected. Executive officers also may be elected and designated throughout the year,<br />

as the Board of Directors considers appropriate. There are no family relationships among the officers, nor<br />

any arrangement or understanding between any officer and any other person pursuant to which the<br />

officer was selected. The following table sets forth certain information current as of February 3, 2012,<br />

relating to the executive officers.<br />

Business<br />

Experience During<br />

Name Position Age Past Five Years<br />

James R. Young<br />

Chairman, President and Chief Executive Officer 59 [1]<br />

of UPC and the Railroad<br />

Robert M. Knight, Jr. Executive Vice President – Finance and Chief 54 Current Position<br />

Financial Officer of UPC and the Railroad<br />

J. Michael Hemmer Senior Vice President – Law and General 62 Current Position<br />

Counsel of UPC and the Railroad<br />

Barbara W. Schaefer Senior Vice President – Human Resources and 58 Current Position<br />

Secretary of UPC and the Railroad<br />

Jeffrey P. Totusek<br />

Vice President and Controller of UPC and Chief 53 [2]<br />

Accounting Officer and Controller of the Railroad<br />

Lance M. Fritz<br />

Executive Vice President – Operations of the 49 [3]<br />

Railroad<br />

John J. Koraleski<br />

Executive Vice President – Marketing and Sales<br />

of the Railroad<br />

61 Current Position<br />

[1] Mr. Young was elected Chief Executive Officer and President of UPC and the Railroad effective January 1, 2006. He was<br />

elected to the additional position of Chairman effective February 1, 2007.<br />

[2] Mr. Totusek was elected to his current position effective January 1, 2008. He previously was Assistant Vice President –<br />

Financial Analysis of the Railroad.<br />

[3] Mr. Fritz was elected to his current position effective September 1, 20<strong>10</strong>. He previously was Vice President – Operations of<br />

the Railroad, effective January 1, 20<strong>10</strong>. Mr. Fritz previously served as Vice President – Labor Relations effective March 1,<br />

2008, Regional Vice President – South, effective July 1, 2006, and Regional Vice President – North, effective April 1, 2005.<br />

19

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