Union Pacific Names Eric Butler and Julie Krehbiel to New Assignments

Omaha, Neb., April 14, 2005 – Union Pacific announced today that Eric L. Butler has been named Vice President & General Manager-Industrial Products and Julie A. Krehbiel has been named Vice President & General Manager-Automotive for Union Pacific Railroad. Both appointments are effective immediately.

Butler, 44, joined Union Pacific in 1986 in the Finance Department and has previously served in a number of key assignments including Vice President-Planning and Analysis, Vice President-Purchasing and most recently Vice President & General Manager of the company’s Automotive group. He succeeds Greg Barbe who has resigned from the company.

The company’s Industrial Products group had revenue of $2.4 billion in 2004. It includes commodities such as lumber, paper, steel, aggregates, and a number of other products. Butler will also have responsibility for Union Pacific’s Industrial Development group and for Union Pacific Distribution Services, a subsidiary of Union Pacific. He earned a degree in engineering and a master's degree in business from Carnegie Mellon University and is a native of New York City.

Julie A. Krehbiel will succeed Butler as Vice President & General Manager-Automotive. This group had revenue of $1.2 billion in 2004 and moves a majority of the finished automobiles shipped in the United States. It also has a significant auto parts business.

Krehbiel, 39, joined the company in 1988 and has held a number of sales and marketing positions in the company. Her most recent assignment was Assistant Vice President & General Manager of Union Pacific Distribution Services. She was previously in the Automotive group where she had responsibility for the General Motors automobile business. A native of North Dakota, she holds a Bachelor of Science degree in business administration from Creighton University.

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 further information, contact Kathryn Blackwell (402) 544-3753.


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