UP names new railroad president, COO

Union Pacific Corp. named Lance M. Fritz as president and chief operating officer of its Omaha-based railroad Thursday and said Jim Young has retired from his executive duties.

Young took a leave of absence in March 2012 to undergo treatments for pancreatic cancer. Union Pacific said he retired Jan. 31 but will continue as non-executive chairman of the parent corporation. He had been president, chairman and chief executive officer of Union Pacific since 2007.

Read the complete story at the Omaha World Herald.