CSX railroad replaced CEO Joe Hinrichs after pressure from investors to merge with another railroad to compete with Union Pacific. Hinrichs resigned after criticism of declining operating performance. Steve Angel, with experience at GE and as CEO of Linde and Praxair, takes over. BNSF and CPKC railroads aren’t interested in merging with CSX.

CSX faced disappointing returns and financial performance under Hinrichs but completed major construction projects. Angel aims to improve safety, service, and shareholder value. CSX, based in Jacksonville, Florida, is one of North America’s largest railroads.

Read more at Yahoo Finance: CSX railroad replaces CEO after investor pressure and poor performance as Union Pacific merger looms