Hinrichs was named CEO of CSX in September 2022.

Hinrichs began his automotive career at GM and moved to Ford 11 years later, where he held a series of leadership roles, including overseeing manufacturing.

NEW YORK — Activist investor Ancora Holdings on Monday, Sept. 29, welcomed news that railroad operator CSX has replaced its CEO, former Ford Motor exec Joe Hinrichs, and said it expected his successor would find a merger partner.

CSX said on Monday it replaced Hinrichs with Steve Angel after Ancora pressured CSX to pursue a merger or find another leader. Ancora said in August it would be ready to pursue a proxy fight to push for these changes, saying CSX stands to lose the most following news in July that Union Pacific would acquire Norfolk Southern for $85 billion.

The merger would

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