CSX Names Rail Industry Veteran Mike Cory Chief Operating Officer

Rhea-AI Summary

CSX Corp. appoints Mike Cory as EVP and COO, bringing his wealth of operations knowledge to help achieve new levels of safety, service, and operating efficiency. Kevin Boone named EVP and CCO, recognizing his broad responsibilities and experience in the investment industry.

Positive

• Appointment of Mike Cory as EVP and COO will contribute to improved safety, service, and operating efficiency.
• Recognition of Kevin Boone's experience in the investment industry and broad responsibilities as EVP and CCO.

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• None.

JACKSONVILLE, Fla., Sept. 08, 2023 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced today the appointment of Mike Cory, a seasoned railroad executive with more than 40 years of operations experience, as the company’s executive vice president and chief operating officer.

Formerly executive vice president and chief operating officer for the Canadian National (CN) Railway, Cory has provided transportation consulting services since retiring from the CN in 2019.

“Mike Cory is one of the rail industry’s leading operations executives, respected for his wealth of operations knowledge and his success as a leader who understands the customers we serve and has a deep appreciation for the employees who provide that service,” said Joe Hinrichs, president and chief executive officer. “Mike’s reputation as a career railroader, devoted to process improvement, team building and employee development within the principles of scheduled railroading will help CSX continue to achieve new levels of safety, service and operating efficiency.”

Cory began his railroad career in 1981 as a laborer in the CN locomotive shops in Winnipeg, Canada. Over the years, he rose through the ranks as a superintendent, general superintendent, director of service design, network operations superintendent and general manager of operations for the Michigan sub-region. He also broadened his business perspective by holding customer service and marketing positions. In 2006, he began his ascent through a series of senior leadership roles, including vice president of network operations, senior vice president of the Eastern region and senior vice president for the Western region. He was named executive vice president and chief operating officer in 2016.

At CSX, Cory will lead a strong team of operations professionals – led by Ricky Johnson, Senior Vice President of Operations, and Casey Albright, Senior Vice President of Network Operations and Service Design – who have helped transform the company into a safety and service leader among North American Class I railroads. He will continue to strengthen the company’s operating model across the network while fostering a ONE CSX culture that values and engages front-line employees.

CSX also today announced that Kevin Boone, previously executive vice president of Sales and Marketing, is named executive vice president and chief commercial officer. The new title recognizes Boone’s breadth of existing responsibilities across CSX’s broad customer base and growing offering of supply chain solutions. Boone previously led the company’s finance organization before transitioning to sales and marketing in 2021. He joined CSX in 2017, following a successful 17-year career in the investment industry.

“With our great team of talented leaders, I am confident that CSX will continue its momentum toward providing an industry-leading experience for our employees, customers, communities and shareholders,” said Hinrichs. 

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.

Contact:

Matthew Korn, CFA, Investor Relations
904-366-4515

Bryan Tucker, Corporate Communications
855-955-6397 

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5d315f37-c04b-454a-a020-d12ffda530c2