No. 9 Alex Kummant (CEO): Amtrak
Trouble continues to plague the nation’s government-owned rail carrier. In the midst of Amtrak’s major five year capitalization plan, and only two years into conducting business, CEO Alex Kummant unexpectedly resigned on November 14. Amtrak’s Board of Directors likely provoked the separation, and installed the fifth CEO in four years (two deemed “interim”). Though Kummant’s progress was limited, more CEO turnover will not help the continuously ailing train operator. As travelers avoided expensive driving and congested flying in 2008, Amtrak’s ridership reached an all time high. With a new wave of customers, how will Amtrak leverage the opportunity? With no successor planned, Amtrak hastily brought in outsider Joseph Boardman, the former administrator of the Federal Railroad Administration. Boardman faces the challenge of retaining the high number of travelers who turned to Amtrak. As gas prices return to normal, will Boardman be able to drive Amtrak into profitable territory?