Why is Michael J. Ward being appointed Chairman and CEO?

Michael J. Ward is appointed Chairman and CEO because John W. Snow, the previous holder of these roles, has been confirmed by the U.S. Senate to serve as Secretary of the Treasury. Mr. Ward was elected by the CSX Board of Directors.

What is Michael J. Ward's background and experience?

Michael J. Ward has 25 years of experience with the railroad industry, all of which have been with CSX. Prior to his current roles, he served as President of CSX Transportation and has held executive positions in operations, finance, and merger planning. The Board specifically noted his management expertise and knowledge of the transportation market.

What does the CSX Board of Directors think of this appointment?

The CSX Board of Directors has expressed complete confidence in Michael J. Ward's ability to lead the company successfully. They believe his expertise will enable CSX to enhance service, grow markets, increase productivity, and provide shareholder value.

What is CSX Corporation?

CSX Corporation operates one of the largest rail networks in the eastern United States. It also provides intermodal and global container terminal operations. Its subsidiary, CSXT, and its 35,000 employees offer rail transportation and distribution services across a network spanning 23 states and two Canadian provinces.

CSX 8-K SEC Disclosure

Summary

This 8-K filing reports a significant leadership change at CSX Corporation. Michael J. Ward has been elected as the new Chairman and Chief Executive Officer, in addition to his existing role as President. This appointment follows the departure of John W. Snow, who has been confirmed by the U.S. Senate to serve as Secretary of the Treasury. The CSX Board of Directors expressed full confidence in Mr. Ward's ability to lead the company, citing his extensive experience in the transportation industry and a proven track record of improving operational performance, safety, and earnings at CSX Transportation.

Key Highlights

1Michael J. Ward appointed Chairman and CEO of CSX Corporation, effective January 31, 2003.
2Ward retains his position as President of CSX Corporation.
3The leadership transition is a result of John W. Snow's departure to become Secretary of the Treasury.
4CSX Board of Directors expressed strong confidence in Ward's leadership and strategic vision.
5Ward's prior experience includes serving as President of CSX Transportation and various operational and financial roles.
6The Board credited Ward's leadership for improved earnings, safety, and service performance at CSXT.
7The company highlighted John Snow's contributions over the past 25 years and his role in reshaping CSX's strategic direction.

CSX CORP 8-K Report (Feb 6, 2003)

Summary

Key Highlights

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