CSX Considers Promoting Interim Finance Chief
18 July 2019 - 12:33AM
Dow Jones News
By Micah Maidenberg
CSX Corp. (CSX) is considering making its interim finance chief
permanent, the company's chief executive said.
In May, the railroad said its former chief financial officer,
Frank Lonegro, departed from the company. He worked at CSX for 19
years and took over as finance chief in 2015.
CSX appointed Kevin Boone, who had been the company's top
investor-relations executive, to the role on an interim basis and
launched an external search.
Mr. Boone is in the running to take over the finance job at CSX
on a permanent basis, CEO Jim Foote said on a conference call
Tuesday, praising his work.
Mr. Boone is "doing a great job. We all appreciate that he was
here and his skill set and his ability to step right in and pick up
where Frank left off," Mr. Foote said. He added, "We're doing an
external search to see if we could find the right person to fill
this role, and as part of that process, Kevin is going to be
considered."
CSX, based in Jacksonville, Fla., has faced changes in its
executive suite over the last couple of years. In 2017, the company
replaced several top executives and brought in Mr. Foote as its top
operations executive.
He took over the CEO role following the death of the company's
former CEO, Hunter Harrison, late in 2017.
More recently, Mr. Lonegro moved on and the company hired
Farrukh Bezar as its chief strategy officer.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 17, 2019 10:18 ET (14:18 GMT)
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