Posts Tagged ‘CSX management structure’

CSX Said to be Talking With Harrison

January 31, 2017

The Wall Street Journal reported on Monday that CSX and E. Hunter Harrison are in negotiations about the railroad’s CEO position.

CSX logo 3Harrison has presented to CSX management his plans to revamp CSX. The former CEO of Canadian Pacific, Canadian National and Illinois Central, is teaming up with Paul Hilal of the Mantle Ridge hedge fund to seek a management shakeup at CSX.

Mantle Ridge was reported to be seeking three seats on the 12-seat CSX board of directors, a demand that may be a source of conflict the Journal reported.

News reports indicate that Harrison met with CSX officials last Friday in Atlanta.

If CSX, Harrison and Mantle Ridge are unable to reach an agreement, then the hedge fund has until Feb. 10 to nominate candidates to the CSX board. CSX usually holds its annual meeting in May.

It is not clear what plans that Harrison and Mantle Ridge have for revamping operations at
CSX.

In the past year, CSX management under current CEO Michael Ward has retooled rail operations. Among other steps, CSX has emphasized longer trains and focusing capital expenditures on core routes.

In 2015, Ward said he planned to remain the CSX CEO for three more years after Oscar Munoz, who was expected to replace Ward, left to head United Airlines.

While at CP last year, Harrison unsuccessfully sought a merger with Norfolk Southern.

Some analysts on Wall Street believe CSX will be receptive to having Harrison as CEO because of his experience in leading other class 1 railroads.

CSX Make Changes to Top Management

May 24, 2016

CSX has announced a realignment of its top management ranks that will take effect on July 1.

Cressie Brown, currently vice president of labor relations, will become senior vice president and chief administrative officer. After joining CSX in 1988, Brown held leadership roles in operational and support functions, including technology, finance, service design and customer service.

CSX logo 3 Kathleen Brandt, currently head of the company’s information technology subsidiary, will become senior vice president and chief information officer. She joined CSX in 1985 in information technology.

Zachery Jones has been appointed vice president of labor relations to succeed Brown. He worked at the National Mediation Board before joining CSX in 2010 where he rose to the position of assistant vice president of employee services.

CSX also announced that Lisa Mancinia, the current vice president and chief administrative officer, will retire on July 1.

She joined CSX in 2003 and is a member of CEO Michael Ward’s executive team. Mancinia is responsible for people functions, procurement and real estate.

Both Brown and Brandt will join the executive management team and report directly to Ward.

“These promotions underscore the importance of continuing to develop our highly skilled and committed employees, while accelerating CSX’s next-generation technologies and performance in safety, service and efficiency,” Ward said in a statement.

In other management changes that are effective on June 1, Mike Smith will assume a new role of vice president-PTC and strategic implementation. He is currently vice president-network operations and in his new position will oversee implementation of positive train control and other network-wide initiatives.

Bob Frulla will become vice president-network operations for the northern region. His experience includes time as division manager in several locations and as general manager-network operations.

Smith and Frulla will report to Executive Vice President and chief operating officer Cindy Sanborn.

Jermaine Swafford, who has been managing the southern region, will become vice president-northern region. John Bradley, currently Chicago division manager, will become vice president-southern region. Both will report to Mike Pendergrass, vice president and chief transportation officer. Robert Holtz, assistant division manager in Chicago, will become division manager.

Oscar Munoz Resigns as President of CSX

September 8, 2015

CSX announced on Tuesday that President Oscar Munoz has resigned and will be replaced by Clarence W. Gooden.

Munoz has accepted the position of president of United Continental Holdings, which owns United Airlines.

“We sincerely congratulate Oscar on his appointment to United and the opportunity to lead another outstanding transportation company,” said CSX Chairman and CEO Michael Ward in a statement. “We all thank him for 12 years of dedicated and successful service to CSX.”

Gooden previously served at CSX as executive vice president and chief sales and marketing officer, a post he has held since 2004.

He has more than 40 years of experience in operations and sales and marketing at CSX and other companies.

Other executive appointments announced by CSX included:

Fredrik J. Eliasson is appointed executive vice president and chief sales and marketing officer from his previous position as executive vice president and chief financial officer.

Cindy M. Sanborn is appointed executive vice president and chief operating officer of CSX transportation, inc., from her prior position as executive vice president-operations.

Frank A. Lonegro is appointed executive vice president and chief financial officer from his previous position as vice president-service design.