James R. Young Elected to Board of Directors of Union Pacific Corporation

  • Lynden Tennison Named Senior Vice President, Chief Information Officer
  • Lance Fritz Named Regional Vice President, Northern Region
  • Doug Glass Named Vice President, General Manager, Energy

Omaha, Neb., February 28, 2005 – Union Pacific Corporation (NYSE: UNP) has announced that James R. Young, president and chief operating officer, Union Pacific Railroad has been elected to the company’s board of directors.

Young, 52, was named president and chief operating officer of Union Pacific Railroad in January 2004. Young began his railroad career with Union Pacific in 1978 and has held a variety of professional, managerial, and senior management positions. In 1995 he was named vice president, Re-engineering and Design, and in 1997 vice president, Customer Service Planning and Quality. Young was named senior vice president and corporate treasurer of Union Pacific Corporation in 1998, senior vice president, Finance and corporate controller in March 1999, and executive vice president, Finance and chief financial officer of Union Pacific Corporation in December 1999, the position he held before his appointment to his current position.

Young, who will not serve on any board committees, is a graduate of the University of Nebraska at Omaha and serves on the board of directors of Grupo Ferroviario Mexicano.

Young’s election keeps the membership of the board at eleven following the retirement of Ivor (Ike) Evans, vice chairman, Union Pacific Corporation. Nine of the company’s eleven directors are non-management.

Lynden Tennison, 45, was named to the position of senior vice president and chief information officer for Union Pacific Corporation. Prior to this appointment, Tennison, a graduate of the University of Texas, Arlington, was vice president and chief technology officer for the company. He joined Union Pacific in 1992 following a five-year career in the IT function at American Airlines. Tennison replaces L. Merill Bryan, Jr., 60, who has elected to retire after a 38-year career with the company.

Lance Fritz, 42, was named vice president, Northern Region, replacing Mike Kelly, 59, who is retiring after 40 years of service to Union Pacific. Fritz is currently vice president, general manager energy in Marketing. Fritz joined Union Pacific in 2000. He previously was with General Electric and later with Coopers Industries, a manufacturer of electrical goods, tools and hardware. He has a bachelor’s degree in mechanical engineering from Bucknell University and a master’s in business administration from Northwestern University.

Doug Glass, 51, will succeed Fritz as vice president, general manager energy. Glass currently is senior assistant vice president business development and has been with Union Pacific since 1976. He holds bachelor of science and arts degrees from the University of Colorado, a master’s of business administration from the University of Nebraska at Omaha and attended Harvard University’s Program for Management Development in 1988.

Union Pacific Corporation owns one of America's leading transportation companies. Its principal operating company, Union Pacific Railroad, is the largest railroad in North America, covering 23 states across the western two-thirds of the United States. A strong focus on quality and a strategically advantageous route structure enable the company to serve customers in critical and fast growing markets. It is a leading carrier of low-sulfur coal used in electrical power generation and has broad coverage of the large chemical-producing areas along the Gulf Coast. With competitive long-haul routes between all major West Coast ports and eastern gateways, and as the only railroad to serve all six major gateways to Mexico, Union Pacific has the premier rail franchise in North America.

For more information, contact Kathryn Blackwell at (402) 544-3753 or John Bromley at (402) 544-3475.

The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.