CSX has a new CEO. The Jacksonville, Fla.-based railroad on March 6 agreed to a deal with hedge fund Mantle Ridge LP to name E. Hunter Harrison as chief executive, effective imediately, and to nominate people for five seats on its board.
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire, effective May 31.
Wall Street analyst William Greene of Morgan Stanley Research North America is telling investors in the rail sector that Canadian Pacific Railway, under the direction of newly appointed chief executive E. Hunter Harrison, “could be the most compelling railroad investment opportunity for the next three years.”
Canadian Pacific Friday officially made its long-anticipated move of appointing E. Hunter Harrison president and chief executive officer, completing a significant revision of CP leadership through its revamped board of directors.
David L. Starling, President and Chief Executive Officer of Kansas City Southern, has been named 2012 Railroader of the Year by railroad industry trade journal Railway Age.
Hunter Harrison, CN’s iconic former chief executive and a Railway AgeRailroader of the Year recipient who is now retired in Florida raising show horses, has been approached to run Canadian Pacific Railway.