In a statement, BNSF Railway, one of the biggest railroad operators in Northern America, said it has appointed Kathryn Farmer as its CEO. She will be replacing Carl Ice, who has been at the company’s helm since 2013.

Incidentally, BNSF is owned by Berkshire Hathaway Inc.

Farmer, currently BNSF’s executive vice president of operations, will assume the roles of president and that of CEO on January 1, said the company in a statement.

Although Ice is set to retire on December 31, 2020, he will continue to remain on the company’s board, said BNSF.

“Carl (Ice) has been critical to BNSF’s success for a very long time. I thank him for his leadership and his accomplishments,” said Berkshire Hathaway’s CEO Warren Buffett in a statement, while adding, “We look forward to Katie’s (Farmer) leadership and more success. She possesses all of the qualities that make us excited about the future.”

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