CSX promotes Munoz to president, Sanborn to EVP of operations

CSX Corp. yesterday announced that its board unanimously elected Oscar Munoz as president. He also will continue to serve as chief operating officer, while Michael Ward will remain chairman and chief executive officer.

Munoz had served as executive vice president and COO since January 2012. He previously served CSX as EVP and chief financial officer from 2003 to 2012. Prior to joining CSX in 2003, Munoz was CFO and vice president of AT&T Consumer Services. He also previously held key executive positions with several other major corporations, including The Coca-Cola Co. and PepsiCo Inc.

"Oscar has served CSX with distinction as both chief operating officer and chief financial officer, and I am proud to welcome him to this new role," said Ward in a press release. "Oscar's insights and experience in his critical CSX roles over the past 12 years, combined with his extensive executive experience at major multinationals before joining our company, position CSX to capitalize on a dynamic global market and growing demand for freight-rail services, today and into the future."

CSX also promoted Vice President and Chief Transportation Officer Cindy Sanborn to EVP of operations. She reports to Munoz.

Sanborn has served CSX for more than 25 years, rising through the operating department to a number of senior leadership roles, including vice president of Northern Region operations. She currently serves as a board member for Conrail, the Belt Railway Co. of Chicago and the Indiana Harbor Belt Railroad Co.

"Cindy is uniquely qualified to lead CSX's operations in this complex environment, with an unparalleled breadth and depth of experience and strong relationships across our industry," said Munoz. "She has helped transform our team with her focus on customers and operational efficiency, as well as key contributions to diversity recruiting and employee development."