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CSX Announces Leadership Changes

9/8/2015 4:40:45 PM
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JACKSONVILLE, Fla., Sept. 8, 2015 /PRNewswire/ -- Michael J. Ward, Chairman and Chief Executive Officer, today announced a number of senior management changes, including the resignation of Oscar Munoz, who has been named President and Chief Executive of United Continental Holdings, Inc.  The changes are effective immediately.

  • Clarence W. Gooden is appointed President, overseeing both Operations and Sales and Marketing, from his previous position as Executive Vice President and Chief Sales and Marketing Officer.
  • 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.

"I look forward to leading this dynamic team, and have every confidence in our ability to deliver a compelling future for CSX.  I plan to leverage this team's leadership and tremendous skills in safety, customer service and efficiency as CSX executes its strategies to achieve ever-better levels of financial performance," Ward said.

"We sincerely congratulate Oscar on his appointment to United and the opportunity to lead another outstanding transportation company," Ward said.  "We all thank him for 12 years of dedicated and successful service to CSX."

Gooden has helped lead CSX's growth and value pricing efforts, serving as Executive Vice President and Chief Sales and Marketing Officer since 2004. His career with CSX and its predecessor companies has provided him with more than 40 years of experience in Operations and Sales and Marketing.

Eliasson has helped develop and lead strategic initiatives, particularly in efficiency and capital allocation, since his appointment as Executive Vice President and Chief Financial Officer in 2012. He previously served in key Sales and Marketing and Finance leadership roles, including as vice president of the chemicals and fertilizer business, vice president of emerging markets, vice president of commercial finance, and vice president of financial planning and analysis.  He joined the company in 1995.

Sanborn has helped lead the company's operating performance and Service Excellence initiatives in the role she took on earlier this year as Executive Vice President-Operations and in leadership positions of increasing responsibility in Operations, including as vice president and chief transportation officer and vice president-northern region.  She joined CSX in 1987.

Lonegro has helped shape and lead efficiency and capital strategies in positions of increasing responsibility, most recently as vice president-service design and before that president of CSX Technology, vice president-mechanical, vice president-internal audit and associate general counsel.  He joined the company in 1999.

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

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/csx-announces-leadership-changes-300139333.html

SOURCE CSX Corporation

Gary Sease, (904) 359-1719