(CSX issued the following news release on December 12.)
JACKSONVILLE, Fla. — Michael J. Ward, CSX Corporation chairman, president and chief executive officer announced today that Robert J. (Bob) Grassi, president and chief executive officer of CSX World Terminals (CSXWT), will retire effective Dec. 31, 2003, and will be succeeded by Andrew B. Fogarty. Fogarty is currently senior vice president-Corporate Services for CSX Corp.
“Bob’s contributions to CSX World Terminals have been enormous,” said Ward. “He has played a vital role helping to position the company as one of the premier terminal and shipping services companies in the world. We are grateful for Bob’s twenty-six years of dedicated service to CSX and wish him every success in the future.”
Fogarty joined CSX in 1989, following a distinguished career in government service, including serving as secretary of transportation and later as chief of staff for the Governor of Virginia. Fogarty has held a series of senior positions at CSX, including president of CSX/Sea-Land Logistics and chief financial officer and senior vice president-Finance and Planning at Sea-Land Service, CSX’s former container shipping unit. He currently serves as the board chairman of the National Defense Transportation Association.
“Andy’s wealth of transportation experience, including maritime, will enable CSXWT to continue its leadership role in the terminal services industry and remain an important and successful business unit of CSX Corporation,” said Ward. “We welcome him to this new challenge and look forward to his future contributions.”
CSX Corporation, based in Jacksonville, Fla., owns one of the largest rail networks in the United States. CSX Transportation Inc. and its 34,000 employees provide rail transportation services over a 23,000 route-mile network in 23 states, the District of Columbia and two Canadian provinces. CSX Corporation also provides intermodal and global container terminal operations through business units CSX Intermodal and CSX World Terminals.
CSX World Terminals LLC is a wholly owned subsidiary of CSX Corporation. CSX World Terminals is a leading provider of terminal services operating businesses in Asia, Australia, Europe, Latin America, and the United States. Its array of products and services includes terminal development, operations and management, terminal consulting, warehouse and depot management, equipment maintenance and repair, and terminal technology systems. For additional information about CSX World Terminals visit its web site at http://www.csxwt.com or call (704) 973-7200.