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Former Union Pacific Chairman of the Board James H. Evans Dies at Age 94

Omaha, Neb., May 12, 2015

James H. Evans, who died Monday, May 11, at age 94, served as Union Pacific chairman of the board from 1977 to 1985. Upon the formation of Union Pacific Corporation in 1969, Evans joined its management as president and a director. He served as president of Union Pacific Corporation from 1969 to 1977, at which time he became chairman and chief executive officer.

Evans was part of a leadership team that championed Union Pacific's merger with Missouri Pacific Railroad and Western Pacific Railroad. These mergers helped set the stage for Union Pacific's exceptional freight rail performance continuing today.

Evans joined Union Pacific from The Seamen's Bank for Savings where he had served as president and then chairman and president. Prior to joining The Seamen's Bank, he was financial vice president and director of Dun & Bradstreet Inc., following the merger with Reuben H. Donnelley Corporation at which he had served as secretary-treasurer and general counsel prior to being elected a vice president. Born June 26, 1920, in Lansing, Michigan, his first position following his service as a Navy lieutenant in World War II was with Harris Trust & Savings Bank in Chicago as an attorney and loan officer.

He was a former director of American Telephone and Telegraph Company, The Anaconda Company, Bristol-Myers Company, Citicorp/Citibank, Dun & Bradstreet Inc., General Motors Corporation and Metropolitan Life Insurance Company. Evans was a former co-chairman of The Business Roundtable and a former member of The Business Council.

He was a life trustee of the Central Park Conservancy (former chairman). He also served on the governing boards of New York-Presbyterian Hospital, The University of Chicago, Centre College (former chairman of the board), and The John F. Kennedy Center for the Performing Arts (former co-chairman). He served as a member of the Board of Governors of the American National Red Cross (former National Fund chairman) and the President's Committee on Environmental Quality. He was a trustee of the Rockefeller Brothers Fund and the founding chairman and life trustee of the National Recreation and Park Association.

Evans was a member of the Racquet & Tennis Club and Knickerbocker Club, both of New York City; the Maidstone Club of East Hampton, New York; Alfalfa Club and the Metropolitan Club of Washington, D.C.

About Union Pacific

Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2005-2014, Union Pacific invested more than $31 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.

The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.

Media Contact

Aaron Hunt
402-544-0100
amhunt@up.com