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CSX Promotes David Baggs to Treasurer

4/9/2015 9:00:23 AM
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JACKSONVILLE, Fla., April 9, 2015 /PRNewswire/ -- CSX (NYSE: CSX) today appointed David Baggs as vice president and treasurer, in addition to his current role as the company's investor relations officer. Baggs, who currently serves as vice president-capital markets and investor relations, will formally assume his new role upon the retirement of David Boor, vice president-tax and treasurer, on July 1, and continue to report to Fredrik Eliasson, executive vice president and chief financial officer.

David Baggs

Boor has served CSX for 28 years, the last 10 in his current position. He guided the company's activities in capital structure, financial investments, and the capital and debt markets, and has managed many of CSX's major financial transactions. In addition, he has managed CSX's taxes including compliance and planning.

"We have been fortunate to have David Boor's deep reservoir of knowledge and experience in the critical management of our capital and debt markets," Eliasson said. "We are equally fortunate to have David Baggs step into this role and continue to make significant contributions to value creation for CSX shareholders. We look forward to continuing the strategic leadership of this important function."

Baggs joined CSX in 1985 and has served in a number of leadership positions in economic analysis, business planning and corporate strategy. He was among those who designed CSX's financial strategy that incorporates balanced capital investments in critical transportation infrastructure with competitive shareholder returns. In addition, CSX's investor relations program has been recognized among the best in the broader air freight and surface transportation sector for the past five years by Institutional Investor magazine.

Baggs is a member of the National Investor Relations Institute, the Association for Financial Professionals, the Board of Directors of the American Red Cross (North Florida) and the finance advisory board of the University of Arizona's Eller College of Management from which he holds a bachelor's degree. He also has a master of business administration from The College of William and Mary.

About CSX Disclosures and the Company

This announcement, as well as additional financial information, is available on the company's website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material.

Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Slideshare (http://www.slideshare.net/HowTomorrowMoves). The social media channels used by CSX may be updated from time to time.

More information about CSX Corporation and its subsidiaries is available at www.csx.com and on Facebook (http://www.facebook.com/OfficialCSX).

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 190 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. 

Photo - http://photos.prnewswire.com/prnh/20150409/197573

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SOURCE CSX

Melanie Cost, 904-359-1702