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.
CSX Board Chairman Edward J. Kelly III announced his retirement effective January 2019, following the release of the company’s fourth quarter earnings.
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.
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: