CSX Announces Executive Changes

CSX Corporation has made several executive changes, including the appointment of Mark Wallace as executive vice president sales and marketing. Diana Sorfleet will replace Wallace as executive vice president and chief administrative officer.

“Having worked closely with Mark at both CSX and Canadian National Railway Company (CN), I know that his diverse background, industry knowledge and deep understanding of scheduled railroading make him the ideal candidate to effectively lead our company’s sales and marketing team,” stated James M. Foote, CSX president and CEO.

Wallace joined CSX in 2017 as executive vice president corporate affairs and chief of staff. He was appointed executive vice president and chief administrative officer in January 2018. Prior to joining CSX, he worked for Canadian Pacific Railway since 2012 as vice president corporate affairs and chief of staff. Before that, he worked for CN as an analyst in the taxation and treasury function and moved to investor relations before becoming chief of staff to President and CEO Hunter Harrison. 

“Mark worked side-by-side with Hunter Harrison for 20 years and has the strategic vision and executive leadership abilities to effectively drive the next phase of growth for CSX and help us achieve our goal of becoming the best railroad in North America,” added Foote. “One of my top priorities since assuming the CEO role earlier this year has been working with our board of directors to identify key leaders. Mark is a perfect example of our executive talent pipeline.”

Sorfleet, CSX’s current chief human resources officer, will assume responsibility for information technology, human resources, labor relations, executive compensation and aviation as she assumes her new position as executive vice president and chief administrative officer.  Prior to joining CSX in 2011, she worked for many years in human resources with Exelon, most recently as vice president of diversity and development. Sorfleet is a member of the Conference Board’s Chief Human Resources Officers Council. 

“I am excited that Diana will be joining the executive leadership team,” said Foote. “From my first day on the job at CSX, she has played an invaluable role in helping me and the entire team drive the organization, our culture and our valued CSX employees forward in our transformational journey.”

Kevin Boone will continue as CSX’s vice president corporate affairs and chief investor relations officer and will assume responsibility for the corporate communications function reporting to James Foote.

Boone has more than 15 years of experience in the finance industry, including investment banking at Merrill Lynch in the mergers and acquisitions group and equity research at Morgan Stanley. Before joining CSX, he worked as a senior equity research analyst at Janus Capital where he covered the industrial and transportation sectors. Boone also worked for Ernst & Young as a CPA in the audit practice prior to receiving his MBA.

All three appointments are effective immediately.