Archive · 29 Sep 2025
CSX Names Steve Angel CEO After Hinrichs' Abrupt Departure
CSX, a railroad company, has a new CEO named Steve Angel, who took over on September 28th.
The previous CEO, Joe Hinrichs, left suddenly, but the reason isn't known.
This change happened because the company is dealing with issues like investors wanting better performance and tougher competition from other railroads.
An investor is criticizing the company for its poor performance and demanding action.
Angel previously led Linde Plc and has a background in rail operations.
CSX's stock price has seen a positive response after the announcement.
Steve Angel is the new CEO of CSX.
Joe Hinrichs unexpectedly left his position.
The reason for Hinrichs' departure wasn't disclosed.
CSX faces pressure from an activist investor.
The company's stock rose after the announcement.
- Who
- CSX Corp., Steve Angel, Joe Hinrichs
- What
- Steve Angel appointed CEO after Joe Hinrichs' departure.
- When
- September 28
- Where
- N/A
- Why
- Hinrichs' departure reason not specified; CSX faces challenges including investor pressure and competition.
- New CEO
- Steve Angel
- Former CEO
- Joe Hinrichs
- Angel's Previous Role
- CEO of Linde Plc and Praxair Inc.
- Effective Date
- September 28
- Stock Performance
- Up ~3% at 8 AM, +5.4% YTD