CSX Announces Death of Executive Vice President Mark Wallace

Rhea-AI Summary

CSX Corporation (NASDAQ: CSX) announced the passing of Mark K. Wallace, executive vice president, after a battle with cancer. James M. Foote, CEO, expressed condolences, highlighting Wallace's passion and dedication. Joining CSX in 2017, Wallace was integral to the company’s transformation towards enhanced safety, customer service, and shareholder value. He served as executive vice president of sales and marketing, advancing CSX’s role as a supply chain partner.

Wallace's industry experience spanned 25 years, including roles at Canadian National Railway and Canadian Pacific Railway.

Positive

• Wallace's leadership contributed to CSX's transformation, enhancing safety and customer service.
• He transitioned CSX's sales and marketing approach, positioning the company as a proactive supply chain partner.
• Wallace's extensive experience in the railroad industry bolstered the company's strategies.

Negative

• None.

JACKSONVILLE, Fla., Nov. 29, 2021 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced the passing of Mark K. Wallace, executive vice president of the company, on Sunday following a courageous battle with cancer.

James M. Foote, CSX president and chief executive officer, stated: “The entire CSX organization is mourning Mark’s loss, and we extend our deepest sympathies to his family. Throughout his illness, Mark maintained his characteristic passion for life, good humor and concern for the loved ones he leaves behind.”

Wallace joined CSX as executive vice president of corporate affairs and chief of staff in spring 2017, becoming an integral contributor to CSX’s transformation to an operating model that delivers best-in-class safety performance, customer service and shareholder value. During his tenure, Wallace applied his experience and knowledge to address the challenges of the transformation while helping lay the foundation for CSX to capitalize on new opportunities made possible by the company’s service improvements.

Named executive vice president of sales and marketing in July 2018, Wallace delivered strategies that advanced the CSX sales and marketing organization from being a service provider to a proactive supply chain partner. In June 2021, he moved into a strategic advisory role as he underwent cancer treatment.

Foote said, “Mark’s acumen, energy and integrity helped drive the company’s overall transformation and more recently played a pivotal role in the ongoing cultural transformation of CSX. He helped set our course toward achieving a revolutionary vision for the company.”

Wallace worked in the railroad industry for 25 years. He served as CSX executive vice president and chief administrative officer before being named to lead the sales and marketing organization, and also worked at Canadian National Railway and Canadian Pacific Railway prior to joining CSX.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).

Contact:

Bill Slater, Investor Relations
904-359-1334

Bryan Tucker, Corporate Communications
855-955-6397

FAQ

What is the recent announcement by CSX regarding an executive?

CSX announced the passing of Mark K. Wallace, the executive vice president, after a battle with cancer.

Who was Mark K. Wallace at CSX?

Mark K. Wallace served as executive vice president and was key in CSX's transformation and strategy.

When did Mark K. Wallace join CSX?

Mark K. Wallace joined CSX Corporation in spring 2017.

What role did Mark K. Wallace have at CSX before his passing?

Before his passing, Wallace was serving in a strategic advisory role as he underwent treatment for cancer.

How did Mark K. Wallace impact CSX Corporation?

Wallace impacted CSX by improving safety performance and reshaping the sales and marketing strategies.