CSX Chairman Announces Retirement

CSX Chairman Edward J. Kelly, III will retire from the board of directors in January 2019.

In a news release, CSX said the board has elected John J. Zillmer as chairman, effective upon Kelly’s retirement. Paul C. Hilal will continue as the board’s vice chairman.

Kelly has served on the board for more than 16 years, including 10 years as either presiding director or chairman.

He retired as chairman of the Institutional Clients Group at Citigroup in July 2014, a company that he had joined in 2008 and served in various positions

He also previously served as managing director at The Carlyle Group and vice chairman of The PNC Financial Services Group following PNC’s acquisition of Mercantile Bankshares Corporation in March 2007.

His biographical sketch on the CSX website notes that Kelly has expertise in the banking industry and has provided financial, regulatory and governance experience to the board as well as perspective on global financial markets.

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