CSX appoints interim CFO as Lonegro departs role

CSX is monitoring a grade crossing in Michigan where motorists have reported accidents due to loose crossing timbers.

CSX

CSX Corporation (CSX) has announced the departure of Frank Lonegro, executive vice president and chief financial officer (CFO).

“On behalf of the Board and all CSX employees, I would like to thank Frank for his leadership, dedication and contributions to CSX for the past 19 years,” said Jim Foote, president and CEO. “Over the last few years, Frank has played a key role in helping create significant value for CSX shareholders.”

CSX said in a statement that the company has begun a search for a new CFO and appointed Kevin Boone as interim CFO.

Boone joined CSX in September of 2017 as vice president of corporate affairs and chief investor relations officer.

Boone most recently served as vice president of marketing and strategy, during which time he led a new marketing team focused on fundamental market research and data analysis to identify and advance high-priority growth strategies.

Boone is an experienced investment analyst with more than 18 years of experience in finance, accounting, mergers and acquisitions and transportation performance analysis.

He has also held various positions in organizations such as Janus Capital, Morgan Stanley, Merrill Lynch and Ernst & Young.

Boone holds a master’s degree in business administration from the University of North Carolina and a bachelor’s degree in accounting from the University of Florida.