CSX taps former Ford Motor Co. executive as next CEO

JACKSONVILLE, Fla. — CSX Transportation on Thursday named former Ford Motor Co. executive Joseph R. Hinrichs as its next chief executive officer.

Hinrichs, 55, will succeed CEO Jim Foote, who will retire on Sept. 26.

Hinrichs has more than 30 years’ experience in the global automotive, manufacturing, and energy sectors, previously serving as president of Ford’s automotive business. In that role, he led the company’s $160-billion global automotive operations.

“This appointment is the result of a long and deliberate process, in which we identified the strongest candidate to lead CSX through its next phase of growth and transformation,” CSX Chairman John Zillmer said in a statement. “Jim has been at the helm throughout most of the company’s transformation, producing record operating and financial results, focusing on sustainability, and emphasizing the importance of safety. We cannot thank him enough for his contributions to CSX, and his commitment to ensuring a smooth transition.”

Foote praised Hinrichs and said his manufacturing experience will benefit the railroad.

“Joe’s great strength is operational excellence,” Foote said in a statement. “He enabled Ford to execute world-class manufacturing on a global scale, including prioritizing exceptional customer service. In addition to leading complex businesses over his 30-year career, he has proven that he understands how to prioritize safety and efficiency in an industry with dynamics that are similar to those we are navigating today in rail.”

Hinrichs said he will continue CSX’s focus on growth, technology, and improving the company’s culture.

“My focus on day one will be to continue to execute on the strategy the team has identified: leveraging CSX’s proven operating model as a leader in the railroad industry, to drive growth through innovation, harness transformative technology, and build a one-team workforce through an engaging and inclusive culture,” Hinrichs said in a statement.

Hinrichs left Ford in 2020. Foote will stay on as an advisor for six months.