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Richard D Sanborn

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BUSINESS
February 14, 1989 | From Associated Press
More than a dozen years after rising from the ashes of six bankrupt Northeast railroads, Conrail must replace its top executive at a time when it had just made a transition aimed at continuity. Richard D. Sanborn, 52, died Sunday of an apparent heart attack, just six weeks after becoming chairman and chief executive of the Philadelphia-based freight carrier. Speculation by some analysts focused Monday on H. William Brown, senior vice president for finance, and Charles N.
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BUSINESS
February 14, 1989 | From Associated Press
More than a dozen years after rising from the ashes of six bankrupt Northeast railroads, Conrail must replace its top executive at a time when it had just made a transition aimed at continuity. Richard D. Sanborn, 52, died Sunday of an apparent heart attack, just six weeks after becoming chairman and chief executive of the Philadelphia-based freight carrier. Speculation by some analysts focused Monday on H. William Brown, senior vice president for finance, and Charles N.
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NEWS
February 13, 1989 | From Associated Press
Richard D. Sanborn, chairman, president and chief executive officer of Conrail, died Sunday of an apparent heart attack. He was 52. Sanborn became ill at home and was taken to the Greater Baltimore Medical Center, where he died, the Philadelphia-based rail company said. Sanborn, who had 27 years of experience in the railroad business, took over as chairman Jan. 1 with the retirement of L. Stanley Crane, who in eight years guided the company from huge losses to profitability.
NEWS
February 13, 1989 | From Associated Press
Richard D. Sanborn, chairman, president and chief executive officer of Conrail, died Sunday of an apparent heart attack. He was 52. Sanborn became ill at home and was taken to the Greater Baltimore Medical Center, where he died, the Philadelphia-based rail company said. Sanborn, who had 27 years of experience in the railroad business, took over as chairman Jan. 1 with the retirement of L. Stanley Crane, who in eight years guided the company from huge losses to profitability.
BUSINESS
March 1, 1988
Richard D. Sanborn Jr. has been named president, chief operating officer and a director of Consolidated Rail Corp., Philadelphia. Sanborn succeeds Stuart M. Reed, who resigned in December. Conrail said the company will elect Sanborn to succeed L. Stanley Crane as chairman and chief executive, effective Jan. 1, 1989, after Crane retires. Sanborn, 51, is president of CSX Distribution Services Inc., a division of the railroad holding company CSX Corp.
BUSINESS
April 5, 1989
Consolidated Rail Corp. named James A. Hagen as its new chairman, president and chief executive, effective May 18. Hagen, 57, is also a nominee for election as a director at the company's annual shareholders meeting in Philadelphia on May 17. Hagen, now president and chief executive of CSX Distribution Services Group, part of CSX Corp., was Conrail's senior vice president of marketing and sales from February, 1977, until March, 1985.
BUSINESS
April 4, 1989 | From Times wire services
Conrail today named CSX Corp. executive James A. Hagen its new chairman, president and chief executive to fill a vacancy left by the death of Richard D. Sanborn. Sanborn died Feb. 12 of what was described as an apparent heart attack after six weeks on the job. He was 52. Hagen, 57, is currently president and chief executive of CSX Distribution Services Group, part of Conrail rival CSX, based in Richmond, Va. He officially joins Conrail on April 17.
BUSINESS
February 15, 1989 | From Times wire service s
Conrail today elected Stanley E. G. Hillman, former chairman and chief executive officer of Illinois Central Gulf Railroad, as its new president and chief executive officer. The Philadelphia-based freight railroad's board of directors said the move was an interim measure while it searches for a permanent replacement to Richard D. Sanborn, who died Sunday. The board also declared a 30-cent-per-share dividend, payable March 15, to shareholders of record March 1.
BUSINESS
February 16, 1989
Conrail has named Stanley E.G. Hillman acting chairman, chief executive and president pending the selection of a permanent chief executive. The move followed the death during the weekend of Chairman Richard D. Sanborn, 52, who became president of the Philadelphia-based freight railroad last March and chief executive Jan. 1. Hillman, 77, previously was president of Chicago-based IC Industries Inc. and chief executive of its Illinois Central Gulf Railroad. IC later became Whitman Corp.
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