CSX Promotes David Baggs to Treasurer
JACKSONVILLE, Fla. - April 9, 2015 - CSX (NYSE: CSX) today
appointed David Baggs as vice president and treasurer, in addition to his
current role as the company's investor relations officer. Baggs, who currently
serves as vice president-capital markets and investor relations, will formally
assume his new role upon the retirement of David Boor, vice president-tax and
treasurer, on July 1, and continue to report to Fredrik Eliasson, executive
vice president and chief financial officer.
Boor has served CSX for 28 years, the last 10 in his current
position. He guided the company's activities in capital structure, financial
investments, and the capital and debt markets, and has managed many of CSX's
major financial transactions. In addition, he has managed CSX's taxes including
compliance and planning.
"We have been fortunate to have David Boor's deep
reservoir of knowledge and experience in the critical management of our capital
and debt markets," Eliasson said. "We are equally fortunate to have
David Baggs step into this role and continue to make significant contributions
to value creation for CSX shareholders. We look forward to continuing the
strategic leadership of this important function."
Baggs joined CSX in 1985 and has served in a number of
leadership positions in economic analysis, business planning and corporate
strategy. He was among those who designed CSX's financial strategy that
incorporates balanced capital investments in critical transportation
infrastructure with competitive shareholder returns. In addition, CSX's
investor relations program has been recognized among the best in the broader
air freight and surface transportation sector for the past five years by
Institutional Investor magazine.
Baggs is a member of the National Investor Relations
Institute, the Association for Financial Professionals, the Board of Directors
of the American Red Cross (North Florida) and the finance advisory board of the
University of Arizona
About CSX Disclosures and the Company
This announcement, as well as additional financial
information, is available on the company's website at http://investors.csx.com.
CSX also uses social media channels to communicate information about the
company. Although social media channels are not intended to be the primary
method of disclosure for material information, it is possible that certain
information CSX posts on social media could be deemed to be material.
Therefore, we encourage investors, the media, and others
interested in the company to review the information we post on Twitter
(http://twitter.com/CSX) and on Slideshare
(http://www.slideshare.net/HowTomorrowMoves).
The social media channels used by CSX may be updated from time to time.
More information about CSX Corporation and its subsidiaries
is available at www.csx.com and on Facebook
(http://www.facebook.com/OfficialCSX).
CSX, based in Jacksonville ,
Florida 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:
Melanie Cost
904-359-1702