Summary
CSX Corporation (CSX) announced on June 29, 2010, the appointment of Pamela L. Carter to its Board of Directors. This appointment expands the Board from eleven to twelve members. Ms. Carter, a seasoned executive with experience as President of Cummins Distribution, has been deemed independent by CSX and will serve on the Governance and Operations and Public Affairs Committees. Her compensation will align with that of other non-employee directors, as detailed in the company's prior proxy statement. This addition to the Board signifies a move to potentially strengthen governance and operational oversight, bringing in external expertise. Investors should note that Ms. Carter's role and committee assignments suggest a focus on key strategic areas. The company has also attached the press release announcing this appointment as an exhibit to the filing.
Key Highlights
- 1Pamela L. Carter appointed to CSX Corporation's Board of Directors, effective June 29, 2010.
- 2Board size increased from eleven to twelve directors.
- 3Ms. Carter is currently President of Cummins Distribution, a significant division of Cummins Inc.
- 4The Board has determined Ms. Carter meets independence standards for the SEC and NYSE.
- 5Ms. Carter appointed to the Governance and Operations and Public Affairs Committees.
- 6Compensation for Ms. Carter will be consistent with other non-employee directors.
- 7Press release announcing the appointment filed as Exhibit 99.1.