Union Pacific names CF Industries CEO to board

Union Pacific Corporation (NYSE: UNP) appointed W. Anthony "Tony" Will to its Board of Directors, effective January 6, 2026, according to a company statement.

Will has served as president, CEO and board member of CF Industries Holdings, a global manufacturer of hydrogen and nitrogen products, since 2014. He plans to retire from CF Industries on January 4, 2026, and will serve in an advisory role through March 15.

"We are excited to welcome Tony to our board," said Mike McCarthy, chairman of the Board at Union Pacific Corporation. "His proven leadership and impressive track record will be instrumental as we continue our work to build America's first transcontinental railroad and transform the nation's supply chain."

Will joined CF Industries in 2007 as vice president, corporate development. He was promoted to vice president, manufacturing and distribution in 2009 and senior vice president, manufacturing and distribution in 2012.

Before joining CF Industries, Will was a partner at Accenture LLP, a global management consulting, technology services and outsourcing company. He previously held positions at Sears, Roebuck and Company, Fort James Corporation, Boston Consulting Group and Motorola.

Will holds a bachelor's degree in electrical engineering from Iowa State University and an MBA from the Kellogg School of Management at Northwestern University.

Union Pacific operates in 23 western states and connects customers and communities to the global economy through freight rail transportation.

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