CSX CEO Hunter Harrison Dies at 73, Firm Confirms

CSX CEO Hunter Harrison has died, the company introduced on Saturday. He used to be 73.

Harrison’s death comes true a day after the transportation company introduced that he had been positioned on clinical lumber away as a result of an unspecified illness, causing shares within the nation’s zero.33-biggest railway provider to plummet. Harrison died in Wellington, Fla., from “with out be conscious excessive complications from a recent illness,” in keeping with CSX’s announcement.

The railroad ancient used to be positioned on the helm of CSX no longer as much as a yr ago, and used to be space to be paid $300 million for his work. Harrison had promised to flip round CSX, and by August had succeeded in increasing the company’s valuation to $46 billion, a 36% boost since he took the reigns in March.

Without the transportation titan on the controls, the destiny of CSX is unclear. Jim Foote, formerly the company’s chief operating officer, has been named acting CEO, in keeping with the company announcement.

“With the passing of Hunter Harrison, CSX has suffered a essential loss,” Chairman of the CSX Board of Directors Edward Kelly III mentioned in a commentary. “Notwithstanding that loss, the Board is confident that Jim Foote, as acting Chief Govt Officer, and the remainder of the CSX team will capitalize on the modifications that Hunter has made. The Board will continue to recollect in a deliberative way how simplest to maximize CSX’s performance over the prolonged bustle.”