Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

CSX President and CEO James Foote retiring; Ford executive to replace him

The CSX headquarters building in Downtown Jacksonville.
Bill Bortzfield
/
WJCT News

CSX Corp. announced Thursday that James Foote will retire as president and CEO on Sept. 26 and be succeeded by former Ford Motor Co. executive Joseph Hinrichs.

Jacksonville-based CSX said the change in leadership is part of a planned succession process.

Analysts have speculated about his eventual successor, focusing on possible internal candidates. But Foote consistently deflected questions about it.

Read the rest of this story at WJCT News partner the Jacksonville Daily Record.