CSX announced the retirement of Michael A. Cory, its Executive Vice President and Chief Operating Officer. Mr. Cory stepped down from his role effective October 12, 2026, and will remain with the company to provide transition services until May 2027. Following his departure, his responsibilities will be assumed by two senior vice presidents who will report directly to the CEO.
Key Details
- Transition Period: Mr. Cory will provide transition services from October 12, 2026, through May 8, 2027.
- Compensation: During the transition, he will continue to receive his annual base salary of $780,000 and will be eligible for annual bonuses for 2026 and a pro-rated bonus for 2027.
- Succession: Senior Vice Presidents Doug Ryhorchuk (Operations) and Casey Albright (Network Operations and Service Design) will now report directly to the President and CEO, Steve Angel.
- Post-Employment Terms: Mr. Cory has entered into an agreement with a 24-month non-competition and non-solicitation clause following the termination of his employment.