Lance M. Fritz served as the CEO of Union Pacific Corporation from February 2015 to August 2023, after gradually climbing the ranks since joining the railroad in 2000. He held various roles including Vice President of Labor Relations and Executive...
Lance M. Fritz served as the CEO of Union Pacific Corporation from February 2015 to August 2023, after gradually climbing the ranks since joining the railroad in 2000. He held various roles including Vice President of Labor Relations and Executive Vice President of Operations before becoming President and CEO. Under his leadership, Union Pacific saw significant developments, including managing a robust portfolio that includes over 590,000 shares valued at around $151 million. Fritz was also involved in a transition agreement upon stepping down, ensuring his continued influence on the company until February 2025. His compensation varied greatly over the years, notably earning nearly $14 million in 2022, but received no bonus in 2020 due to pandemic-related challenges. This highlights a focus on performance-based pay that aligns with the company’s financial standing. Interestingly, during his tenure, he was not just an executive but an advisor, guiding operational strategies and illustrating the profound impact of leadership in a challenging industry. Fritz's journey reflects both the complexities of corporate leadership and the direct correlation of executive performance with company success.