CSX railroad announced Monday that it had replaced its CEO less than two months after an investment fund urged it to either to better compete with the proposed railroad or fire outgoing CEO Joe Hinrichs.

The outgoing CEO, who came to the railroad in 2022 after a long career with Ford, focused on repairing CSX's relationship with its workers and labor unions and unifying the team after a . But Ancora Holdings, which helped , said CSX's operating performance deteriorated significantly under Hinrichs' leadership. Hinrichs resigned to clear the way for Steve Angel to become CEO effective Sunday.

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