(CSX Corp. issued the following news release on April 22.)
JACKSONVILLE, Fla. — Michael J. Ward, chairman and chief executive officer of CSX Corporation , announced today the appointment of Oscar Munoz as executive vice president and chief financial officer of CSX Corporation, effective May 5. Munoz will report to Ward and replaces Paul R. Goodwin, who is retiring after 38 years with the company.
“Paul has been a cornerstone of CSX and played a huge and indispensable role in our growth and success,” said Ward. “We thank Paul for his enormous and lasting contributions to CSX and wish him every success and happiness in the future.”
Munoz joins CSX from AT&T Corporation where he served as chief financial officer and vice president of AT&T Consumer Services, a $10 billion division of the company. In his new capacity with CSX, Munoz will be responsible for all financial, accounting, treasury, tax, real estate, information technology, and strategic planning activities of the Corporation.
“Oscar has more than 20 years of experience, including 10 years of senior- level financial experience at some of the nation’s leading corporations,” said Ward. “He will bring broad experience, outstanding ability, high energy and a new perspective to CSX and play a critical role in helping us achieve our mission of revenue growth and increased productivity.”
Ward said that Munoz also will be instrumental in analyzing and focusing on cost initiatives that improve the corporation’s financial performance. “Throughout his career, Oscar has demonstrated a keen ability of finding ways to operate more efficiently while effectively managing financial and human resources,” Ward said. “One of his principal tasks will be to provide a pivotal leadership role in helping lower our operating ratio.”
Munoz, 44, began his career in 1983 with Pepsico Inc. and later served in several key financial positions with Coca Cola Enterprises and the Coca Cola Company, including chief financial officer and region vice president – finance and administration. Munoz also spent four years at USWest, the Denver-based local telephone company, rising to the position of senior vice president – finance and administration.
Munoz received his BS in Business Administration from the University of Southern California in 1982 and a MBA from Pepperdine University in 1986. He is married and has four children. He will relocate to CSX’s corporate headquarters in Jacksonville, Fla.
In 2001, Munoz was selected as one of the “top 100 most influential Hispanics in America” by Hispanic Business magazine. He is actively involved in a number of charitable and philanthropic organizations, including the American Cancer Society and the Make-A-Wish Foundation.
CSX Corporation, based in Jacksonville, Fla., owns the largest rail network in the eastern 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 other subsidiaries.