CSX Board chair Kelly retires
CSX Board Chairman Edward J. Kelly III announced his retirement effective January 2019, following the release of the company’s fourth quarter earnings.
Mantle Ridge LP
Hunter Harrison assumes CSX’s throttle
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.
CSX extends deadline for board nominations again
Amid a change at the top, announced layoffs and presumptive talks regarding new leadership, CSX Corp. has again extended its deadline for board nominations.
CSX CEO Ward retiring, 1,000 jobs to be eliminated
On Tuesday, Feb. 21, CSX Corp. announced that Chairman and Chief Executive Officer Michael Ward and President Clarence Gooden will retire, effective May 31.
Jason Seidl: CSX, EHH getting close?
Late on Feb. 14, CSX Corp. announced it plans to hold a special shareholder meeting on Feb. 16 after discussions for E. Hunter Harrison to take over the reins as the next CEO appear to have hit an impasse. Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl weighs in:
CSX calls special shareholders meeting to consider Harrison proposals
CSX late on Feb. 14 called a special meeting of shareholders to consider what it termed “extraordinary requests” by hedge fund Mantle Ridge LP and former Canadian Pacific CEO Hunter Harrison.
Hunter and hunted? CSX extends board deadline
CSX Corp. on Friday announced that it was extending the deadline for board nominations to Feb. 24, giving an activist hedge fund more time to try and install Hunter Harrison as CEO.