CSX Corp. has appointed Steve Angel as its new President and Chief Executive Officer, a move that also places him on the company’s Board of Directors, effective September 28. He takes over from Joe Hinrichs, who has departed from his roles as President, CEO, and board member.
The leadership transition comes as CSX reports continued strong operating performance and maintains its forecast for full-year volume growth.
Angel brings over 45 years of executive experience from major public companies, notably as the CEO of industrial gas giant Linde plc and its predecessor, Praxair, Inc. During his leadership, both companies delivered significant shareholder returns, with total returns of 219% at Linde and 257% at Praxair. The merger of Linde AG and Praxair, which he oversaw, created the world’s largest industrial gases and engineering company and added $131 billion in market capitalization.
John Zillmer, Chairman of the CSX Board, praised the appointment. “Following a very targeted process, Steve was the clear choice to lead CSX,” he said. “He is a visionary in creating long-term value and an expert in guiding companies through significant transformation. The Board is confident Steve has the right skillset to help us deliver our next phase of growth.”
Angel’s career began at General Electric, where he spent 22 years in various management roles, including direct work with locomotive and rail operations. He joined Praxair in 2001 and became its CEO in 2007 before leading the combined Linde as CEO from 2018 to 2022, after which he served as Chairman.
“It’s a privilege to join a company with such a proud history and an incredibly dedicated team,” Angel stated. “My top priorities will be to ensure the safety of our railroad and our employees, deliver reliable service to our customers, and increase value for our shareholders.”
Zillmer also acknowledged the outgoing CEO’s contributions. “On behalf of the Board, I want to sincerely thank Joe for his leadership over the past three years,” he said. “His dedication to strengthening our operations and investing in our people has laid a strong foundation as we enter this exciting next chapter.”
Hinrichs reflected positively on his tenure, stating, “I am proud of the progress we have made in improving performance, strengthening customer relationships, and building a culture centered on safety and collaboration. I leave with full confidence that under Steve and the Board’s leadership, the company will continue to grow stronger.”
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