CSX Corporation Announces Executive Leadership Changes
CSX Corp. (NASDAQ: CSX) disclosed a series of personnel appointments on October 29, 2025, following the appointment of a new chief executive officer, Steve Angel, earlier in the month. The changes affect the company’s finance and commercial divisions.
New Chief Financial Officer
Kevin Boone has been named Executive Vice President and Chief Financial Officer, succeeding Sean Pelkey, who has departed the company. Boone’s appointment was announced by CSX on October 29, 2025, and confirmed by multiple sources including Finanznachrichten.de, Investing.com, and Eagle Tribune. Boone will assume responsibility for overseeing all financial operations and reporting.
New Chief Commercial Officer
Maryclare Kenney was promoted to Senior Vice President and Chief Commercial Officer. Kenney will lead CSX’s commercial strategy, customer relationships, and revenue‑generation activities. The appointment aligns with the broader leadership overhaul announced by CEO Steve Angel.
Context of the Leadership Overhaul
Steve Angel, who was named CEO on October 24, 2025, initiated a comprehensive review of CSX’s executive team. Angel’s announcement of the new CFO and CCO was reported by FreightWaves, GlobeNewsWire, and Yahoo Finance. The changes are part of Angel’s strategy to strengthen the company’s financial stewardship and commercial performance amid competitive pressures in the rail and logistics sector.
Market and Financial Snapshot
- Market Capitalization: $65.9 billion
- Price/Earnings Ratio: 23
- Close Price (28 Oct 2025): $35.30
- 52‑Week High (18 Aug 2025): $37.25
- 52‑Week Low (6 Apr 2025): $26.22
CSX’s stock has delivered a 14.64 % annualized return over the past decade, outperforming the broader market according to Benzinga and Finanzen.net analyses.
Additional Recent Events
- A Georgia Court of Appeals decision on October 28, 2025, favored CSX in a lawsuit involving a truck driver’s injuries sustained during a container loading incident (Law360).
- On October 28, 2025, a CSX train collided with a vehicle in Marion County, resulting in the driver’s death (EU Ocala). Investigations are ongoing.
The leadership changes are expected to reinforce CSX’s operational focus on its core freight services in the eastern United States, including rail, intermodal, container shipping, barging, and contract logistics.
