CSX Names New Tax and Audit Leaders

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Apr 09, 2015, 09:15 ET

JACKSONVILLE, Fla., April 9, 2015 /PRNewswire/ -- CSX (NYSE: CSX) today announced the appointment of new leaders of its tax and internal audit functions.

William "Rusty" Russell has been named vice president-tax, and Bryan Rhode will succeed Russell as vice president-internal audit. Russell will report to Fredrik Eliasson, executive vice president and chief financial officer, and Rhode will report to Ellen Fitzsimmons, executive vice president-law and public affairs. The appointments are effective July 1.

"We welcome Rusty back to the tax team, where he began his CSX career," Eliasson said. "He has provided successful leadership there and in internal audit, where he has helped the company broadly employ leading practices that help assure the highest standards and compliance."

Rhode, who will lead the internal audit team, joined CSX after substantial public service including as the Secretary of Public Safety for the Commonwealth of Virginia and as a Captain in the United States Marine Corps. He currently serves as CSX's regional vice president-state government and community affairs, with responsibility for the Mid-Atlantic region.

"Bryan's background and leadership capabilities make him ideally suited to lead an exceptional team as it continuously enhances the high level of internal audit and compliance services that are central to CSX's values and business success," Fitzsimmons said.

Russell joined CSX in 1996 and has served in senior leadership positions within the finance and internal audit organizations. Previously, Russell was assistant vice president-tax compliance. He is a Certified Public Accountant who began his career with Price Waterhouse and AT&T before joining CSX. He holds bachelor's and master's degrees from West Virginia University.

Rhode joined CSX in 2014. In addition to having served as Virginia's Secretary and, before that, Deputy Secretary, of Public Safety, he was also Commissioner of the Virginia Department of Alcoholic Beverage Control. He is a graduate of Pennsylvania State University, the University of Virginia School of Law, and the London School of Economics. Following military service, Rhode worked in both private and public law practices.

About CSX Disclosures and the Company

This announcement, as well as additional financial information, is available on the company's website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material.

Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Slideshare (http://www.slideshare.net/HowTomorrowMoves). The social media channels used by CSX may be updated from time to time.

More information about CSX Corporation and its subsidiaries is available at www.csx.com and on Facebook (http://www.facebook.com/OfficialCSX).

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 190 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

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