On the day he completed his acquisition of Southern Pacific Railroad, billionaire Philip Anschutz also became chairman of the railroad.
The historic Southern Pacific, combined with his Denver & Rio Grande Railroad, puts Anschutz at the head of the nation’s fifth-largest rail company in terms of miles of track--15,046.
Anschutz, who made his fortune in oil, gas and real estate, also established the office of the chairman to exercise chief executive authority of the company.
In addition to Anschutz, the office of the chairman will include Vice Chairman W.J. Holtman, who will remain chairman and chief executive of Denver & Rio Grande, and R.F. Starzel, who also serves as a vice president and director of the Anschutz Corp.