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WHITE MATTHEWS III ELECTED EXECUTIVE VICE PRESIDENT-FINANCE OF UNION PACIFIC

 WHITE MATTHEWS III ELECTED EXECUTIVE
 VICE PRESIDENT-FINANCE OF UNION PACIFIC
 BETHLEHEM, Pa., April 16 /PRNewswire/ -- Union Pacific Corporation (NYSE: UNP) today reported L. White Matthews III has been elected executive vice president-finance of Union Pacific Corporation, effective immediately.
 Matthews, 46, who had previously been senior vice president-finance, remains the corporation's chief financial officer. In addition, he is responsible for Union Pacific Technologies, real estate operations and the company's interest in Skyway Freight Systems.
 Matthews joined Missouri Pacific Corporation in 1977 as vice president and treasurer, and in 1979 he assumed the additional position of vice president-finance of Missouri Pacific Railroad. After the Union Pacific/Missouri Pacific merger, Matthews became Union Pacific Corporation's vice president and treasurer in 1982. In 1987 he was elected the corporation's senior vice president-finance and chief financial officer.
 Born in Ashland, Ky., Matthews graduated from Hampden-Sydney College, Hampden-Sydney, Va., in 1967 with a B.S. degree in economics. In 1970 he was awarded an M.B.A. degree in finance and general management from the University of Virginia's Darden School of Business Administration. After serving in the U.S. Coast Guard Reserve, Matthews joined Chemical Bank of New York, where he became a vice president specializing in petroleum and mineral financing.
 Matthews is a director of the Centerland Fund of St. Louis and several Union Pacific Corporation subsidiaries and joint ventures. He is also a member of Chemical Bank's Advisory Board, the Pennsylvania Business Roundtable and the Moravian College Board of Trustees.
 /delval/
 -0- 4/16/92
 /CONTACT: Harvey S. Turner of Union Pacific, 215-861-3388/
 (UNP) CO: Union Pacific Corporation ST: Pennsylvania IN: TRN SU: PER


CC -- PH029 -- 9378 04/16/92 14:27 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:279
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