John J. Schmidt

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John Joseph Schmidt (born January 13, 1928 in Chicago , Illinois ) was an American manager in the railroad sector. He was Chairman and CEO of Santa Fe Industries and Santa Fe Southern Pacific Corporation .

Life

John J. Schmidt grew up on Chicago's West Side. He received an undergraduate degree in zoology from DePaul University and a law degree from Loyola University .

After completing his studies, he began to work in the legal department of the Atchison, Topeka and Santa Fe Railway from 1955. In 1964 he became the company's advocate general. Santa Fe Industries Chairman and Chief Executive Officer John Shedd Reed named him his designated successor in the early 1970s. He became Assistant Vice President in 1969, Vice President in 1970, and Executive Vice President in 1973 of Santa Fe Industries, and directed some of the non-railroad subsidiaries. He was also responsible for overall corporate development. In 1978 he became president of Santa Fe Industries.

In April 1983 he succeeded John S. Reed as chairman and chief executive officer of Santa Fe Industries. In this role, he initiated the merger of Santa Fe Industries with the Southern Pacific Company to form the Santa Fe Southern Pacific Corporation in October 1983. He became Chairman and CEO of this newly created company. The planned merger of the two railway companies Atchison, Topeka and Santa Fe Railway and Southern Pacific Transportation was rejected by the supervisory authority Interstate Commerce Commission . The rejection was mainly attributed to Schmidt's uncompromising behavior. He then resigned on April 20, 1987 from his post.

Web links

Individual evidence

  1. ^ New York Times, April 21, 1987: Chairman resigns at Santa Fe
personal data
SURNAME Schmidt, John J.
ALTERNATIVE NAMES Schmidt, John Joseph (full name)
BRIEF DESCRIPTION American manager in the railroad sector
DATE OF BIRTH January 13, 1928
PLACE OF BIRTH Chicago , Illinois