CSX Appoints James Foote As President And CEO

(RTTNews) - CSX Corporation (CSX) said that it appointed James Foote as its president and chief executive officer, effective immediately. Foote was named acting CEO on December 14, 2017 after Hunter Harrison was placed on medical leave. Mr. Foote will also join the Company's Board of Directors.

CSX Chairman Edward J. Kelly III said, "While we continue to mourn the loss of Hunter Harrison, the Board of Directors is pleased to announce Jim Foote as his successor. Jim has decades of railroading experience and the Board is confident of his ability to lead the company."

Mr. Foote, a senior executive with over 40 years of railroad industry experience in finance, operations and sales and marketing, was named executive vice president and chief operating officer of CSX in October 2017. Prior to joining CSX, Mr. Foote was president and chief executive officer of Bright Rail Energy, a technology company formed in 2012 to design, develop and sell products that allow railroads to switch locomotives to natural gas power. Before heading Bright Rail, Mr. Foote was executive vice president of sales and marketing with Canadian National Railway Company. Mr. Foote joined Canadian National in 1995 as vice president of investor relations to assist the company's privatization. He also served as vice president of sales and marketing merchandise. Jim began his career in the railroad industry in 1972 as a laborer in the mechanical department with the Soo Line Railroad in Superior, Wisconsin.

On 16th December 2017, CSX Corp. said that its President and Chief Executive Officer Hunter Harrison, 73, died in Wellington, Fla., due to unexpectedly severe complications from a recent illness.