President of Amtrak to Resign
Amtrak President George Warrington is resigning to become head of New Jersey’s bus and rail agency, a surprise move that comes as the financially troubled national passenger railroad fights efforts to break it up.
Warrington will stay at Amtrak until an interim successor is named, an Amtrak source said Wednesday, speaking on condition of anonymity.
Warrington, 49, has led Amtrak through a difficult four years, during which the railroad tried to end its three-decade reliance on operating subsidies from the federal government.
Warrington’s strategy was to have the railroad attain fiscal health, but costs continued to rise. Watchdogs now agree that it will not achieve self-sufficiency by the December deadline set by Congress.
Amtrak spokesman Bill Schulz declined to comment when asked if Warrington was leaving. Warrington could not be reached.
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