Joe Hinrichs is taking over as president and CEO of North American Class 1 rail provider CSX on September 26 this year. He replaces James Foote who is retiring but who will work as advisor through to the end of March 2023.
Hinrichs has more than 30 years’ experience in the global automotive and manufacturing industries. He worked at Ford for nearly 20 years, finishing as president of automotive in 2020, where he oversaw the carmaker’s $160-billion global automotive operations. In his time at Ford Hinrichs served as president of global operations, president of the Americas, and president of Asia Pacific and Africa. He also held executive roles in global manufacturing, materials planning, and logistics.
After leaving Ford, Hinrichs took on a number of directorships and advisory roles, including at electric vehicle (EV) start-up Rivian and tier supplier Exide Technologies.
Commenting on his appointment Hinrichs said: “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.”
CSX reported revenue and operating income gains in the second quarter of this year.
John Zillmer, chairman of CSX’s board of directors, said the company identified Hinrichs as the strongest candidate to lead the company through its next phase of growth and transformation.
“The Board believes that Joe is a seasoned leader with the relevant experience to lead CSX forward with our full support,” said Zillner.
Zillner also lauded Foote for his leadership throughout most of the company’s transformation, during which he produced record operating and financial results, while also focusing on sustainability and safety.
“We cannot thank him enough for his contributions to CSX, and his commitment to ensuring a smooth transition,” said Zillner.