CSX Corp. Announces Leadership Transition
CSX Corp. (NASDAQ: CSX) has announced a significant leadership transition, appointing Steve Angel as President and Chief Executive Officer, effective September 28, 2025. Angel succeeds Joe Hinrichs, who has departed from his roles as President, CEO, and Board member.
Angel brings over 45 years of executive experience, notably as former CEO of Linde plc and Praxair, Inc., where he generated impressive shareholder returns of 219% and 257% respectively. During his tenure at Linde, the company's market capitalization grew by 141%, representing a $131 billion increase in value.
CSX maintains strong operating performance and continues to expect full-year volume growth. Angel's priorities will focus on railroad safety, employee safety, reliable customer service, and increasing shareholder value.
CSX Corp. (NASDAQ: CSX) ha annunciato una significativa trasformazione della leadership, nominando Steve Angel come Presidente e Amministratore Delegato, con effetto dal 28 settembre 2025. Angel succede a Joe Hinrichs, che ha lasciato i ruoli di Presidente, CEO e consigliere di amministrazione.
Angel porta oltre 45 anni di esperienza esecutiva, in particolare come ex CEO di Linde plc e Praxair, Inc., dove ha registrato notevoli ritorni per gli azionisti del 219% e 257%, rispettivamente. Durante il mandato in Linde, la capitalizzazione di mercato della società è cresciuta del 141%, pari a un aumento di 131 miliardi di dollari di valore.
CSX mantiene una fortissima performance operativa e continua a prevedere una crescita annuale dei volumi. Le priorità di Angel si concentreranno sulla sicurezza ferroviaria, sulla sicurezza dei dipendenti, su un servizio clienti affidabile e sull’aumento del valore per gli azionisti.
CSX Corp. (NASDAQ: CSX) ha anunciado una importante transición en la dirección, nombrando a Steve Angel como Presidente y Director Ejecutivo, con efecto a partir del 28 de septiembre de 2025. Angel sucede a Joe Hinrichs, quien ha dejado sus cargos de Presidente, CEO y miembro de la Junta.
Angel aporta más de 45 años de experiencia ejecutiva, especialmente como ex CEO de Linde plc y Praxair, Inc., donde generó rendimientos para los accionistas del 219% y 257% respectivamente. Durante su mandato en Linde, la capitalización de mercado de la empresa creció un 141%, lo que representa un aumento de 131 mil millones de dólares en valor.
CSX mantiene un sólido desempeño operativo y continúa esperando crecimiento de volumen en el año completo. Las prioridades de Angel se centrarán en la seguridad ferroviaria, la seguridad de los empleados, un servicio al cliente fiable y en aumentar el valor para los accionistas.
CSX Corp. (NASDAQ: CSX)은 2025년 9월 28일부터 발효되는 Steve Angel를 사장 겸 최고경영자로 임명하는 중대한 리더십 변화를 발표했습니다. Angel은 Joe Hinrichs의 뒤를 잇고, Hinrichs는 사장, CEO 및 이사회 이사직에서 물러났습니다.
Angel은 45년이 넘는 경영 경험을 보유하고 있으며, 특히 Linde plc와 Praxair, Inc.의 전 CEO로서 주주가치 219%와 257%를 각각 창출했습니다. Linde에서 회사의 시가총액은 141%% 증가했고, 이는 가치로서 $1310억(1310억 달러)의 증가를 나타냅니다.
CSX는 견고한 운영 실적을 유지하고 있으며 연간 물량 증가를 계속 기대합니다. Angel의 우선순위는 철도 안전, 직원 안전, 신뢰할 수 있는 고객 서비스 및 주주 가치 증가에 집중될 것입니다.
CSX Corp. (NASDAQ: CSX) a annoncé une importante transition de leadership, nommant Steve Angel comme Président et Directeur général, à compter du 28 septembre 2025. Angel succède à Joe Hinrichs, qui a quitté ses fonctions de Président, PDG et membre du conseil.
Angel apporte plus de 45 ans d’expérience à la direction, notamment en tant qu’ancien PDG de Linde plc et Praxair, Inc., où il a généré des rendements pour les actionnaires de 219% et 257% respectivement. Pendant son mandat chez Linde, la capitalisation boursière de l’entreprise a augmenté de 141%, soit une hausse de 131 milliards de dollars de valeur.
CSX affiche une solide performance opérationnelle et poursuit des prévisions de croissance du volume pour l’année complète. Les priorités d’Angel se concentreront sur la sécurité ferroviaire, la sécurité des employés, un service client fiable et l’accroissement de la valeur pour les actionnaires.
CSX Corp. (NASDAQ: CSX) hat eine bedeutende Führungstransition angekündigt und Steve Angel zum Präsidenten und Chief Executive Officer ernannt, mit Wirkung zum 28. September 2025. Angel folgt auf Joe Hinrichs, der seine Ämter als Präsident, CEO und Vorstandsmitglied verlassen hat.
Angel bringt über 45 Jahre Führungserfahrung mit, insbesondere als ehemaliger CEO von Linde plc und Praxair, Inc., wo er für die Aktionäre Renditen von 219% bzw. 257% erzielte. Während seiner Amtszeit bei Linde wuchs die Marktkapitalisierung des Unternehmens um 141%, was einer Wertsteigerung von 131 Milliarden US-Dollar entspricht.
CSX verzeichnet eine starke operative Leistungsfähigkeit und rechnet weiterhin mit einem voluminösen Jahreswachstum. Die Prioritäten von Angel werden sich auf Bahnsicherheit, Arbeitnehmersicherheit, zuverlässigen Kundenservice und die Steigerung des Aktionärswerts konzentrieren.
CSX Corp. (NASDAQ: CSX) أعلنت عن تغير قيادي كبير تعيين ستيف أنجل رئيساً تنفيذياً وأولاً منذ 28 سبتمبر 2025. يحل أنجل محل جو هينريكس، الذي ترك مناصبه كرئيس تنفيذي وعضو مجلس الإدارة.
يجلب أنجل أكثر من 45 عاماً من الخبرة التنفيذية، خاصة كالرئيس التنفيذي السابق لشركتي Linde plc و Praxair, Inc., حيث حقق عوائد للمساهمين بلغت 219% و 257% على التوالي. خلال ولايته في Linde، ارتفع رأس المال السوقي للشركة بنسبة 141%، وهو ما يعادل زيادة قدرها $131 مليار في القيمة.
تحتفظ CSX بأداء تشغيلي قوي وتستمر بالتوقع بنمو حجمها خلال السنة الكاملة. ستركز أولويات أنجل على سلامة السكك الحديدية، سلامة الموظفين، خدمة عملاء موثوقة، وزيادة قيمة للمساهمين.
CSX Corp. (NASDAQ: CSX) 宣布了一项重要的领导层过渡，任命 Steve Angel 为总裁兼首席执行官，任命自 2025 年 9 月 28 日起生效。Angel 接替已离任的 Joe Hinrichs，后者不再担任总裁、首席执行官及董事会成员等职。
Angel 拥有 超过 45 年的高级管理经验，曾任 Linde plc 和 Praxair, Inc. 的首席执行官，在任期间分别为股东创造了 219% 和 257% 的回报。就任 Linde 期间，公司的市值增长了 141%，相当于价值增加了 1310 亿美元。
CSX 维持强劲的运营的表现，预计全年货运量将继续增长。Angel 的优先事项将集中在铁路安全、员工安全、可靠的客户服务以及为股东创造更高价值上。
- Appointment of highly experienced CEO with 45+ years of executive leadership
- New CEO's track record includes 219% and 257% shareholder returns at previous companies
- Company maintains strong operating performance
- Positive full-year volume growth expectations maintained
- Sudden departure of previous CEO Joe Hinrichs after only three years
- Potential disruption during leadership transition period
Steve Angel Appointed Chief Executive Officer Effective September 28
Operating Performance Remains Strong and Still Expect Full-Year Volume Growth
JACKSONVILLE, Fla., Sept. 29, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced that its Board of Directors has named Steve Angel as President and Chief Executive Officer, and a member of the Board, effective September 28. He succeeds Joe Hinrichs, who has departed from the company as President, CEO, and Board member. Angel will work closely with the Board and management team to ensure a seamless transition. CSX’s operating performance remains strong, and the company still expects to deliver full-year volume growth.
Angel is an accomplished executive with over 45 years of experience leading large, public companies and generating strong shareholder returns. He has a long and proven track record of leading high-performing teams, fostering a collaborative culture, and driving operational excellence and growth, while maintaining disciplined capital allocation and attractive returns on capital.
“We are excited to welcome Steve as our new CEO. He is a visionary in creating long-term value and an expert in guiding companies through significant transformation. The Board conducted a very targeted process, and Steve was the clear choice to lead CSX,” said John Zillmer, Chairman of CSX. “The Board is laser-focused on advancing CSX’s strategic priorities and maximizing shareholder value, and we are confident Steve has the right skillset, expertise, and background to help us deliver our next phase of growth.”
Over Angel’s long career as CEO of Linde plc, and its predecessor Praxair, Inc., companies under his leadership have created significant and sustained shareholder value. During Angel’s tenures, Linde and Praxair generated total shareholder returns of
Angel was CEO of Praxair from 2007-2018. After its merger with Linde in 2018, he became CEO of the combined company until 2022, when he was named Chair. He plans to retire from Linde’s Board in January 2026. He began his career at General Electric where he held a variety of management positions for over 22 years and worked directly with locomotive and rail operations.
“I’m truly honored to step into the role of CEO and am grateful for the trust that John and the Board of Directors have placed in me,” said Angel. “It’s a privilege to join a company with such a proud history and an incredibly dedicated team of over 23,000 employees who are working tirelessly to connect industries, communities, and economies. My top priorities will be to ensure the safety of the railroad and our employees, deliver reliable service to our customers, and increase value for our shareholders. I look forward to working in partnership with the team and the Board as we continue to build on CSX’s strong momentum, advancing key initiatives aimed at driving long-term growth.”
Zillmer continued, “On behalf of the Board, I also want to sincerely thank Joe for his leadership over the past three years. We appreciate his service and his many contributions to CSX. His dedication to strengthening our operations and investing in our people and culture has laid a strong foundation as we enter this exciting next chapter.”
“It has been a privilege to serve as CEO of CSX. I am proud of the progress we have made in improving performance, strengthening customer relationships, and building a culture centered on safety and collaboration,” said Hinrichs. “I am grateful to our team for their hard work and commitment – they are among the best and brightest in the business. I leave with pride for all that we have accomplished together and have full confidence that under Steve and the Board’s leadership, the Company will continue to grow stronger, delivering lasting value to all our stakeholders.”
About Steve Angel
Steve Angel served as Linde Chief Executive Officer from 2018 to 2022, and Chairman since 2022. He plans to retire from Linde’s Board effective January 31, 2026.
During his tenure, he oversaw the successful integration of Linde AG and Praxair, Inc., which created the world’s largest industrial gases and engineering company. Prior to Praxair’s merger with Linde, Angel served as Chairman, President, and Chief Executive Officer from 2007 to 2018, helping guide Praxair through significant transformation while identifying and pursuing strategic growth initiatives. He first joined Praxair in 2001 as Executive Vice President, responsible for Praxair's businesses in North America, Europe, and Asia. He was later named President and Chief Operating Officer in 2006.
Angel began his career at General Electric, where he spent 22 years in a variety of management positions, working directly with locomotive and rail operations. This early operational grounding shaped his leadership approach, combining deep industry knowledge with a focus on performance, safety, and people.
He serves as Non-Executive Chairman of the Board of Directors of GE Vernova, where he is a member of the Nominating and Governance Committee, and on the Board of Directors at GE Aerospace, where he chairs the Management Development and Compensation Committee. In addition, he is a member of the Board of Directors of Stoke Space Technologies, and has previously served as director of PPG Industries, the Hydrogen Council, and the US-China Business Council, and as co-chair of the US-Brazil CEO Forum. He is also a graduate member of The Business Council, where he served on the executive committee.
Angel has received numerous awards and recognition throughout his career. In 2020, he was awarded North Carolina State University’s Watauga Medal, the university’s highest non-academic honor, for his decades of service to the university. In 2019, he was given The American-German Institute’s Leadership Award, which recognized Linde’s commitment to making the world more productive and its contribution to the German-American partnership.
A native of Winston-Salem, North Carolina, Angel holds a Bachelor of Science degree in Civil Engineering from North Carolina State University and an MBA from Loyola College in Baltimore.
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 240 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 X, formerly known as Twitter (http://twitter.com/CSX).
Forward-looking Statements
This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management's plans, strategies and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved, statements concerning proposed new services, and statements regarding future economic, industry or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as “will,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “preliminary” and similar expressions. Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. If the company updates any forward-looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by any forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by any forward-looking statements include, among others: (i) the company's success in implementing its financial and operational initiatives; (ii) changes in domestic or international economic, political or business conditions, including those affecting the transportation industry (such as the impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; (v) the outcome of claims and litigation involving or affecting the company; (vi) natural events such as severe weather conditions or pandemic health crises; and (vii) the inherent uncertainty associated with projecting economic and business conditions.
Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the company's SEC reports, accessible on the SEC's website at www.sec.gov and the company's website at www.csx.com.
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Austin Staton, Corporate Communications
855-955-6397
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