CSX Appoints COO Oscar Munoz To Addl Role Of President

(RTTNews) - Railroad operator CSX Corp (CSX.TO) on Wednesday named Oscar Munoz as president, effectively immediately, in addition to his current role as chief operating officer.

As president, Munoz would oversee operations, sales and marketing, human resources, service design and information technology, CSX said.

"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 Michael Ward, CSX chief executive officer.

"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"

Before joining CSX in 2003, Munoz served as chief financial officer and vice president of AT&T Consumer Services. He also held key executive positions with other corporations including Coca-Cola Co and PepsiCo Inc.

CSX also announced the promotion of Vice President and Chief Transportation Officer Cindy Sanborn to the position of executive vice president-operations, reporting to Munoz, effective immediately.