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    Joseph R. Hinrichs

    President and Chief Executive Officer at CSX Corp
    Board
    Since September 26, 2022
    Age
    58 years
    Tenure
    Joined CSX in September 2022 as President and Chief Executive Officer and has focused on driving operational excellence and cultural enhancements.

    Also at CSX Corp

    ACW
    Angela C. Williams
    Vice President and Chief Accounting Officer
    DBS
    Diana B. Sorfleet
    Executive Vice President and Chief Administrative Officer
    KSB
    Kevin S. Boone
    Executive Vice President and Chief Commercial Officer

    About

    Joseph R. Hinrichs is a seasoned executive with over 30 years of experience in the global automotive, manufacturing, and energy sectors. He began his career in 1989 at General Motors and built a robust career with Ford Motor Company, where he held numerous senior leadership roles in global operations, significantly impacting the company’s strategy and efficiency.

    In September 2022, he joined CSX as President and Chief Executive Officer, a move that set the stage for a series of transformative initiatives. Under his leadership, the company has focused on cultural reform, driving operational improvements, and introducing innovative projects such as hydrogen and battery-electric locomotive programs.

    Beyond his role at CSX, he has served in various advisory and board capacities, providing strategic guidance across industries and demonstrating a commitment to advancing both technology and workforce development. His career reflects a balance of technical expertise and visionary leadership, making him a respected figure in the transportation and manufacturing arenas.

    $CSX Performance Under Joseph R. Hinrichs

    Past Roles

    OrganizationRoleDate RangeDetails
    Ford Motor CompanyPresident of Ford's Global Automotive Business2019–2020 Oversaw global operations and the Ford and Lincoln brands
    Ford Motor CompanyPresident of Global Operations2017–2019 N/A
    Ford Motor CompanyPresident of the Americas2012–2017 N/A
    Ford Motor CompanyPresident of Asia Pacific and Africa2009–2012 N/A
    Ford Motor CompanyChairman and CEO of Ford ChinaN/A N/A
    Ford Motor CompanyChairman and CEO of Ford CanadaN/A N/A
    Ryan EnterprisesPartner and Senior Vice PresidentN/A Oversaw investments in small entrepreneurial businesses
    General MotorsEngineer and Management Roles in Engineering and Manufacturing Leadership1989–1999 Began his career as an engineer and advanced into management roles
    Rivian Automotive, Inc.Board MemberN/A Served on the board
    Ford Motor Credit CompanyBoard MemberN/A Served on the board
    Ascend Wellness HoldingsBoard MemberN/A Served on the board

    External Roles

    OrganizationRoleDate RangeDetails
    Exide TechnologiesChairman of the Board of DirectorsN/A Battery manufacturer and provider of advanced energy solutions
    The Goodyear Tire & Rubber CompanyMember of the Board of DirectorsN/A N/A
    First Move CapitalVenture PartnerN/A Investment firm
    Luminar TechnologiesAutomotive Advisory Board MemberN/A Global automotive technology company
    microDriveStrategic AdvisorN/A Provides a SaaS platform for hyper-local influencer marketing

    Fixed Compensation

    Data from  FY 2023
    Component Name [N/A]Amount ($) Payment Schedule [N/A]Additional Details
    Salary1,400,000 AnnualAnnual base salary
    All Other Compensation259,200 Various (per component)CSXtra Plan Contributions: 59,512 , Non-Qualified Deferred Compensation: 39,668 , Health Savings Account Contributions: 2,400 , Perquisites: 157,620 , Severance: N/A

    Performance Compensation

    Data from  FY 2023

    Stock Awards (Performance-Based)

    Detail [N/A]Value/Details [Sources]
    Grant DateFebruary 15, 2023
    Grant Date Fair Value8,000,032
    Grant Date Stock Price31.67
    Vesting ScheduleRSUs: 1/3 vests on February 15, 2024; Remaining ratably on February 15, 2025 and 2026
    Performance Metrics & TargetsNot specifically detailed; Estimated future payout units: Threshold: 0, Target: 189,454 units, Maximum: 473,635 units; Additional stock awards: 63,152 units

    Option Awards (Time-Based)

    DetailValue/Details [Sources]
    Grant DateFebruary 15, 2023
    Grant Date Fair Value2,000,003
    Grant Date Stock Price31.67
    Vesting Schedule1/3 becomes exercisable on February 15, 2024; Remaining ratably on February 15, 2025 and 2026
    Performance MetricsNone – vesting is solely time-based

    Non-Equity Incentive Plan Compensation

    DetailValue/Details [Sources]
    Target Incentive Opportunity150% of base salary
    Payout StructureThreshold: 2.5% of Target; Target: 100% of Target; Maximum: 200% of Target
    Actual Payout115% Company payout
    Evaluation Period2023 (implied)
    Additional Performance MetricsNo further performance conditions or goals specified