Amtrak Guest Rewards - Kummant To Resign as President

According to Bloomberg:
Amtrak Chief Kummant Is Said to Be Leaving Railroad (Update2)

By John Hughes and Angela Greiling Keane

Nov. 14 (Bloomberg) -- Amtrak Chief Executive Officer Alex Kummant plans to announce his resignation today from the U.S. passenger railroad, people familiar with the matter said.

Kummant, 48, has led the Washington-based carrier since September 2006. The people asked not to be identified because the CEO's departure hasn't been made public. Amtrak has ``no comment for now,'' spokesman Cliff Black said in an e-mail.

Kummant's departure will give President-elect Barack Obama an opportunity to put his stamp on the railroad. The Bush administration, which appointed Kummant, sought to cut federal subsidies and force Amtrak to operate more like a business.

You can read the whole article here (http://www.bloomberg.com/apps/news?pid=20601087&sid=av.iLjHtoRwE&refer=home).

Is this good for FTers?

Is this good for FTers?

It will be good for FTers who ride Amtrak.

While I agree with NARP's assessment of Mr. Kummant's tenure, the new administration will want a different approach to Amtrak, an approach geared to growth rather than survival/dismantling.

Amtrak Selects Transportation Industry Veteran as President & CEO
WASHINGTON – The National Railroad Passenger Corporation Board of Directors announced today that it has chosen Joseph Boardman, a nationally recognized transportation industry professional, to become president and chief executive officer of the company, effective November 26.

Press release here (http://www.amtrak.com/servlet/ContentServer?pagename=Amtrak/am2Copy/News_Release_Page&c=am2Copy&cid=1178294246438&ssid=180).

WSJ article including NARP reaction here (http://online.wsj.com/article/SB122763807364457019.html?mod=googlenews_wsj).