THE Board of Directors of CSX voted unanimously on December 22 to appoint Mr James Foote as president and CEO. Foote was named acting CEO on December 14 after Mr Hunter Harrison was placed on medical leave prior to his death on December 16.
THE death was announced on December 16 of Mr E Hunter Harrison, president and CEO of US class 1 railway CSX due to unexpectedly severe complications following a recent illness.
US Class 1 railway CSX announced the replacement of three of its senior executives, and the cancellation of its October 30 investor day, on October 25 prompting a 3.82% drop in its share price to $US 50.92 in after-hours trading.
CSX says that it quickly restored service throughout the areas affected by Hurricane Irma, which struck Florida on September 10, with devastating winds and flooding.