Norfolk Southern Shaw CEO replaced by CFO over alleged affair with legal chief By Investing.com

Investing.com– South Norfolk said Wednesday that Chief Executive Alan Shaw will leave the company, effective immediately, after an internal investigation found he was engaged in a relationship with the company’s legal director.

Shaw will be replaced by Mark George, the company’s executive vice president and chief financial officer. Jason Zampi will serve as interim CFO, Norfolk Southern Corporation (NYSE: ) said in an announcement late Wednesday.

Shaw’s exit comes just days after the company said it had opened an investigation into potential misconduct by the CEO following reports that he engaged in an inappropriate relationship at work.

Legal director Nabanita Nag will also leave the company.

Shares of the company, which is one of the largest U.S. rail operators by revenue, were down 0.3 percent in after-hours trading.