Deals
Amtrak Hires Delta Ex-CEO Anderson to Oversee Passenger Railroad
- Appointment comes as New York-area project is short funding
- Anderson led airline to become industry’s most profitable
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Richard Anderson, who stepped down last year as chief executive officer of Delta Air Lines Inc., has been hired to lead Amtrak as the national passenger railroad gets set for a “summer of hell” at New York’s Pennsylvania Station and plans to undertake one of the biggest infrastructure projects in the U.S.
Anderson on July 12 will take the spot alongside Wick Moorman, the current interim chief executive, until Moorman shifts to an advisory role in January, according to a statement issued by Amtrak. Anderson’s contract calls for three years of employment at zero salary, although he can receive a $500,000 bonus at the discretion of the railroad’s board of directors.