STOCK TITAN

Lt. General (Ret.) Thomas Bostick Appointed to CSX Corp. Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

CSX Corp. (NASDAQ: CSX) has appointed Lt. General (Ret.) Thomas Bostick to its board of directors, effective immediately. Bostick, who has 38 years of military experience as the Chief of Engineers for the U.S. Army, is expected to bring valuable insights for the company's growth. His previous roles include Chief Operating Officer at Intrexon and President of Intrexon Bioengineering. His educational background includes degrees from the U.S. Military Academy at West Point, Stanford University, and The George Washington University.

Positive
  • Appointment of Lt. General (Ret.) Thomas Bostick enhances board expertise.
  • Bostick's military and operational leadership may drive sustainable growth.
Negative
  • Concerns about continuity due to Bostick's military background versus corporate experience.

JACKSONVILLE, Fla., Oct. 08, 2020 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced that Lt. General (Ret.) Thomas Bostick has been appointed to the company's board of directors, effective immediately.

"We are honored to have Tom join the CSX board of directors,” said John Zillmer, chairman of the board. “Tom’s exemplary background of service and leadership will provide the board with an enriching perspective as we guide CSX toward a future of sustainable growth.”

Bostick served in the U.S. Army for 38 years. He served as the Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers. After retiring from the military, Bostick was Chief Operating Officer of Intrexon and President of Intrexon Bioengineering (NASDAQ: XON; now Precigen NASDAQ: PGEN).

Bostick is a member of the boards of Perma-Fix Environmental Services, Inc. (NASDAQ: PESI), HireVue and Streamside Systems. He earned a Bachelor of Science degree from the United States Military Academy at West Point, Master of Science degrees in both civil and mechanical engineering from Stanford University and a doctorate in systems engineering from The George Washington University. Bostick is a member of the National Academy of Engineering.

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fbb641be-a0b2-4fd5-8ff6-2a10cb289540

FAQ

Who is the new board member of CSX?

Lt. General (Ret.) Thomas Bostick has been appointed to the CSX board.

What experience does Thomas Bostick bring to CSX?

Bostick has extensive military leadership experience and has held executive roles in corporations.

When was Thomas Bostick appointed to the CSX board?

He was appointed on October 8, 2020.

What impact might Bostick's appointment have on CSX?

Bostick's appointment may bring fresh perspectives and insights aimed at sustainable growth.

CSX Corporation

NASDAQ:CSX

CSX Rankings

CSX Latest News

CSX Stock Data

67.48B
1.92B
0.22%
78.2%
1.17%
Railroads
Railroads, Line-haul Operating
Link
United States of America
JACKSONVILLE