CSX Corp Unveils Leadership Change for Strategic Growth

Steve Angel Takes Helm as CSX CEO Amid Strong Operational Growth

Leadership Transition at CSX: Steve Angel Appointed CEO

JACKSONVILLE, Fla., Sept. 29, 2025 — Emegypt reports that CSX Corp. (NASDAQ: CSX) has announced the appointment of Steve Angel as its new President and Chief Executive Officer. Effective September 28, Angel joins the Board of Directors and succeeds Joe Hinrichs, who has exited his roles as CEO, President, and Board member. Angel is set to collaborate closely with the Board and management for a smooth leadership transition.

CSX’s Operational Performance and Future Growth Prospects

CSX continues to exhibit robust operating performance, with expectations set for full-year volume growth. The company is committed to advancing its strategic priorities, underpinned by Angel’s extensive leadership experience in public companies and proven track record of generating shareholder value.

Steve Angel’s Proven Leadership Trajectory

Renowned for his leadership at Linde plc and Praxair, Inc., Angel has a history of significant value creation. During his tenure, Linde and Praxair achieved shareholder returns of 219% and 257% respectively, culminating in a $131 billion rise in market capitalization following the Linde AG and Praxair merger.

Beginning his career at General Electric, Angel accrued 22 years of experience in locomotive and rail management. His leadership philosophy emphasizes operational excellence, safety, and robust capital allocation.

Commitment to CSX’s Vision and Shareholder Value

Angel expressed his eagerness to join CSX, recognizing the legacy and dedication of its 23,000 employees. His focus will be on enhancing rail safety, providing reliable customer service, and increasing shareholder returns, aligning with CSX’s long-term growth initiatives.

John Zillmer, Chairman of CSX, endorsed Angel as a visionary leader suitable for steering the company towards continued success and value maximization for shareholders.

Acknowledging Joe Hinrichs’ Contributions

The Board and Angel appreciate Joe Hinrichs’ impactful leadership, which fostered a collaborative culture and operational fortification at CSX. Hinrichs departs with pride in the progress achieved and confidence in the company’s future under Angel’s stewardship.

About Steve Angel

• Served as CEO of Linde from 2018 to 2022, guiding the successful merger with Praxair.
• Held multiple leadership positions at General Electric with a focus on rail operations.
• Recipient of numerous industry accolades, including the Watauga Medal from North Carolina State University.

About CSX Corporation

Based in Jacksonville, Florida, CSX is a key player in transportation services, connecting industries and communities across the eastern United States. Its expansive network links major metropolitan areas with essential economic hubs, fostering national development.

Forward-looking Statements and Contact Information

CSX emphasizes that forward-looking statements in its communications are subject to risks and uncertainties, with actual results potentially differing from projections. More information is available on Emegypt and CSX’s websites.