CSX Corp. is in discussions with Hunter Harrison that may lead to the career railroader becoming the chief executive officer, the Wall Street Journal reported Sunday.
CSX representatives met with Harrison and the activist investor backing him in Atlanta on Friday, the newspaper reported, citing unidentified people familiar with the matter. The investor, Mantle Ridge LP, is seeking more than three board seats, a request that CSX has balked at, the people said.
Harrison, 72, walked away from C$118 million ($90 million) in benefits and awards as CEO of Canadian Pacific Railway Ltd. this month in exchange for a limited non-competition agreement that frees him up to take a leadership position at any railroad but Canadian National Railway Co., BNSF Railway Co. or Union Pacific Corp.
A representative for CSX didn’t immediately respond to a request for comment late Sunday.
To contact the reporter on this story: Bruce Rule in New York at brule1@bloomberg.net. To contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net.
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