CSX Railroad Replaces CEO After Investor Pressure and Poor Performance as Union Pacific Merger Looms

Hinrichs out, merger-experienced Angel in as CSX CEO

CSX Corp. has a new chief executive officer, one who is experienced in the kind of merger the former CEO has resisted.

Former Ford exec Joe Hinrichs out as CEO of railroad operator CSX

CSX said it replaced Hinrichs with Steve Angel after activist investor Ancora pressured the railroad to pursue a merger or find another leader.

CSX replaces CEO amid investor merger pressure

KEY TAKEAWAYS: CSX replaces CEO Joe Hinrichs with Steve Angel Investors pushed for stronger performance and merger talks Ancora criticized CSX’s financial results under Hinrichs CSX shares rose 3% after leadership change CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pac…

CSX ousts CEO after investor pressure and poor performance

CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs. The outgoing CEO, who came to the railroad in 2022 after a long career with Ford, focused on repairing CSX’s relationship with its workers and labor unions and unifying the team …

Cramer rips railroad CSX for CEO shakeup: 'The board panicked' and wants a deal

"I don't like this. I think it's an injustice," CNBC's Jim Cramer said about CSX replacing Joe Hinrichs as CEO.

CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms

CSX railroad replaced its CEO less than two months after an investment fund urged it to either find another railroad to merge with to better compete with the proposed transcontinental Union Pacific railroad or fire outgoing CEO Joe Hinrichs.