Union Pacific Elects New Chief Accounting Officer and Planning Executive

Omaha, Neb., November 15, 2007 – Union Pacific today announced new appointments within its finance organization, effective January 1, 2008.

Jeffrey P. Totusek, currently assistant vice president-financial analysis, has been elected vice president, controller and chief accounting officer replacing Richard J. Putz. Totusek will be responsible for all accounting activities as well as retaining his current responsibilities for financial analysis. Putz, currently vice president, controller and chief accounting officer, will become vice president-finance with responsibility for the implementation and integration of a new comprehensive financial system designed to help Union Pacific meet its finance and information technology objectives.

Edward J. Weber will become vice president-planning and analysis. Weber will have responsibility for all field financial planning in addition to his current responsibilities for all capital expenditures, strategic planning analysis and business team analysis and costing.

Totusek started his career as a certified public accountant in Seattle and joined Union Pacific in 1985. He is a graduate of the University of Washington and holds a Master of Business Administration degree from Carnegie Mellon University.  Totusek was named assistant vice president, financial analysis in 1998.

Putz is a graduate of Creighton University, earning a Bachelor of Science degree in accounting and a Master of Business Administration.  He joined Union Pacific’s auditing department in 1977 and was named vice president, controller and chief accounting officer in 1999.

Weber earned a Bachelor of Business Administration from the University of Wyoming and joined the company in 1980. He has also worked in the internal audit, human resources and marketing & sales departments. He was named assistant vice president-planning and analysis in 2003.

"We have a very strong financial team at Union Pacific, and the changes we are making today will continue to strengthen the organization," said Rob Knight, executive vice president and chief financial officer.  

About Union Pacific

Union Pacific Corporation owns one of America’s leading transportation companies. Its principal operating company, Union Pacific Railroad, links 23 states in the western two-thirds of the country and serves the fastest-growing U.S. population centers. Union Pacific’s diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad offers competitive long-haul routes from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific connects with Canada’s rail systems and is the only railroad serving all six major gateways to Mexico, making it North America’s premier rail franchise.

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

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