Citing strong revenue and ridership, Amtrak renews CEO's contract

Amtrak's board of directors on Thursday renewed the contract of chief executive Joseph Boardman for two years, citing the railroad's record ridership and revenues under his leadership.

Boardman, 65, who was first appointed president and CEO in November 2008, will continue to be paid $350,000 a year. Boardman is now the second-longest serving Amtrak chief in its 42-year history.

In announcing the renewal of Boardman's contract, Amtrak board chairman Tony Coscia said stability at the top was important in continuing Amtrak's growth in riders and revenue.

- Paul Nussbaum