CSX Announces Senior Leadership Changes
June 07 2021 - 9:00AM
CSX Corp. (NASDAQ: CSX) today announced the appointments of Mark K.
Wallace as executive vice president of CSX, Kevin S. Boone as
executive vice president of sales and marketing, and Sean R. Pelkey
as vice president and acting chief financial officer.
In his new role, Mr. Wallace will focus on
special projects and initiatives supporting the president and chief
executive officer. Mr. Wallace continues to receive treatments for
cancer but remains committed to helping deliver on the company’s
strategic growth initiatives.
James M. Foote, president and chief executive
officer said: “These appointments demonstrate the depth of CSX’s
leadership and place us in a position of strength. Kevin’s proven
track record of implementing and executing successful strategic
initiatives will provide strong direction to CSX’s sales and
marketing team as we focus on capturing sustainable and
profitable growth. Sean’s broad experience at CSX as well as his
deep knowledge of our industry will continue to strengthen our
financial performance and shareholder value.”
Kevin S. Boone, executive vice president of
sales and marketing said: “I am honored to have the opportunity to
lead CSX’s growth initiatives and build upon the strong foundation
Mark has established. CSX has never been in a better position to
drive growth as we leverage industry-leading service and deliver
new innovative solutions to our customers.”
Mr. Boone, who most recently served as
executive vice president and chief financial officer, joined the
Company in September 2017 as a vice president responsible for
investor relations. He then was appointed vice president of
marketing and strategy to lead research and data analysis to
advance growth strategies. Mr. Boone has over 18 years of
experience in finance, mergers and acquisitions, and accounting,
primarily focused on the transportation and industrial sectors. He
earned a bachelor’s degree in accounting from the University of
Florida and a master’s degree in business administration from the
University of North Carolina at Chapel Hill’s Kenan-Flagler
Business School.
Mr. Pelkey joined CSX in 2005, and most recently
served as vice president, finance and treasury. Pelkey has
over 16 years of experience in finance and capital management, and
previously served as assistant vice president, capital markets and
investor relations. He holds a master’s degree in business
administration from the University of Florida and a bachelor’s
degree in sociology from Boston University.
About CSX
CSX, based in Jacksonville, Florida, is a
premier transportation company. It provides rail, intermodal and
rail-to-truck transload services and solutions to customers across
a broad array of markets, including energy, industrial,
construction, agricultural, and consumer products. For nearly 200
years, CSX has played a critical role in the nation's economic
expansion and industrial development. Its network connects every
major metropolitan area in the eastern United States, where nearly
two-thirds of the nation's population resides. It also links more
than 230 short-line railroads and more than 70 ocean, river and
lake ports with major population centers and farming towns
alike.
Forward-looking Statements
This information and other statements by the
company may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act with respect to,
among other items: projections and estimates of earnings, revenues,
margins, volumes, rates, cost-savings, expenses, taxes, liquidity,
capital expenditures, dividends, share repurchases or other
financial items, statements of management's plans, strategies and
objectives for future operations, and management's expectations as
to future performance and operations and the time by which
objectives will be achieved, statements concerning proposed new
services, and statements regarding future economic, industry or
market conditions or performance. Forward-looking statements are
typically identified by words or phrases such as “will,” “should,”
“believe,” “expect,” “anticipate,” “project,” “estimate,”
“preliminary” and similar expressions. Forward-looking statements
speak only as of the date they are made, and the company undertakes
no obligation to update or revise any forward-looking statement. If
the company updates any forward-looking statement, no inference
should be drawn that the company will make additional updates with
respect to that statement or any other forward-looking
statements.
Forward-looking statements are subject to a
number of risks and uncertainties, and actual performance or
results could differ materially from that anticipated by any
forward-looking statements. Factors that may cause actual results
to differ materially from those contemplated by any forward-
looking statements include, among others; (i) the company's success
in implementing its financial and operational initiatives; (ii)
changes in domestic or international economic, political or
business conditions, including those affecting the transportation
industry (such as the impact of industry competition, conditions,
performance and consolidation); (iii) legislative or regulatory
changes; (iv) the inherent business risks associated with safety
and security; (v) the outcome of claims and litigation involving or
affecting the company; (vi) natural events such as severe weather
conditions or pandemic health crises; and (vii) the inherent
uncertainty associated with projecting economic and business
conditions.
Other important assumptions and factors that
could cause actual results to differ materially from those in the
forward-looking statements are specified in the company's SEC
reports, accessible on the SEC's website at www.sec.gov and the
company's website at www.csx.com.
Contact:Bill Slater, Investor
Relations904-359-1334
Bryan Tucker, Corporate Communications855-955-6397
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