CSX: Changes at the Top

CSX has appointed Kevin Boone as Executive Vice President and Chief Financial Officer and Jamie Boychuk as Executive Vice President Operations. Ed Harris, who previously led the Operations function, will continue as Executive Vice President Operations with a combination of operating and general executive responsibilities.

Boone was named Interim CFO in May 2019. He joined CSX in 2017 as Vice President Corporate Affairs and Chief Investor Relations Officer, followed by Vice President Marketing and Strategy to “lead research and data analysis to advance growth strategies,” CSX said. Boone has more than 18 years’ experience in finance, mergers and acquisitions and accounting, primarily focused on the transportation and industrial sectors. Prior to joining CSX, Boone worked as a Senior Equity Research Analyst at Janus Capital, a Vice President Equity Research at Morgan Stanley and an Associate at Merrill Lynch in the M&A group.

Boychuk joined CSX in 2017, and has been Assistant Vice President Transportation Support; Vice President Scheduled Railroading; and most recently, Senior Vice President Network Operations, Mechanical, Engineering and Intermodal Operations. He came to CSX from CN, where he served for 20 years in various operational roles of increasing responsibility.

Harris came out of retirement from CN to join CSX in January 2018 as Executive Vice President Operations. In his new role, “he will continue to train, coach and mentor operations leadership while maintaining oversight of several key functional areas, including safety, performance metrics and operational planning,” CSX said.

“Both Kevin and Jamie have played a significant role in the company’s recent transformation and are great additions to our executive team,” said CSX President and CEO James M. Foote. “Kevin’s strong and diverse finance background will be invaluable as we strive to operate efficiently and create shareholder value. Jamie has demonstrated great skill in producing record-setting results in service and efficiency gains throughout his more-than= 20-year railroad operating career. In addition, I could not be more pleased that 50-year veteran railroad operator Ed Harris has agreed to work with Jamie as CSX strives to strengthen its leadership position in the industry.”