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12/11/2013

Rose named chairman of BNSF, Ice will become CEO

Matt Rose, who has been mentioned as a possible successor to legendary investor Warren Buffett to head Berkshire Hathaway, has been named chairman of Fort Worth-based Burlington Northern Santa Fe effective Jan. 1. Rose, who has been the railroad’s CEO since 2000, will be succeeded by Carl Ice, a 34-year BNSF veteran who has served as president since 2010 and will hold both titles. The company announced the changes Wednesday, saying Rose will work on strategic matters and long-term planning and Ice will handle day-to-day operations.

Buffett acquired BNSF in 2010. In a prepared statement Wednesday, he said the railroad’s performance “has far exceeded the high expectations I had at the time of Berkshire’s purchase. The combination of Matt’s and Carl’s talents is the perfect arrangement for the future. I consider Berkshire very fortunate to have these men at BNSF’s helm.”

-- Jim Fuquay

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