Amtrak Names Richard Anderson, Former Delta Chief, as Its New CEO

Jun 26, 2017

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

The travel industry is getting smaller and smaller. Today, Amtrak announced that its CEO Wick Moorman is stepping down at the end of the year. Who’ll be replacing him? None other than former Delta Air Lines CEO Richard Anderson.

In the interim between July 12 and the end of the year, Moorman and Anderson will serve as co-CEOs of Amtrak. By the time Moorman steps down, he’ll have been at the helm of the train operator for about a year and a half. According to Politico, Amtrak’s chairman Tony Coscia said that Amtrak’s plans were always for Moorman to be a temporary CEO. In fact, Moorman said that he’ll have been there longer than originally intended.

Moorman said he’ll retain an ongoing advisor role with Amtrak after he steps down in order to assist Anderson, who has no experience in the railroad business. The announcement comes at a pivotal time, as Amtrak has faced increasing pressure to conduct critical repair work at Penn Station and to replace the rail tunnel beneath the Hudson River, which is falling apart.

Anderson joined Delta in 2007, just as the company was coming out of bankruptcy. Since that time and up until he left in 2016 for retirement, Anderson helped to transform Delta into the very profitable carrier it is today. As for what kind of say he’ll have in transforming the Amtrak Guest Rewards program (if at all), that has yet to be seen.

Featured image courtesy of Spencer Platt via Getty Images.

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.