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Farmer, who currently serves as the company’s executive vice president of operations, will assume the roles of chief executive and president on Jan. 1, BNSF said in a statement.
Ice will retire at the end of 2020, but will remain on the company’s board, it added.
“Carl (Ice) has been critical to BNSF’s success for a very long time. I thank him for his leadership and his accomplishments,” Berkshire Hathaway CEO Warren Buffett said in a statement.
“We look forward to Katie’s (Farmer) leadership and more success. She possesses all of the qualities that make us excited about the future.”
