CSX says 3 top executives will leave railroad next month

Markets Associated Press

Three top CSX executives will leave the railroad next month as it continues to overhaul its operations.

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The Jacksonville, Florida-based railroad said Wednesday that Chief Operating Officer Cindy Sanborn and Chief Marketing Officer Fredrik Eliasson will both resign on Nov. 15. Both were at CSX before new CEO Hunter Harrison was hired in March.

Sanborn and Eliasson will be replaced by James Foote, who learned Harrison's operating model while working for Canadian National railroad earlier in his career.

Harrison previously used tighter train schedules and lean expenses to generate significant profits at Canadian Pacific and Canadian National railroads.

In addition, General Counsel Ellen Fitzsimmons has announced plans to retire Nov. 15.