CSX Corp. today announced that its Board of Directors has named Steve Angel as president and chief executive, effective Sept. 28. Angel, former CEO of gas and engineering giant Linde who had served as chairman of that company since 2022, succeeds Joe Hinrichs, who had been president, CEO, and board member. Angel was also appointed to the CSX board. The move comes as a surprise, as Hinrichs on Friday had hosted a high-profile media event to mark the re-opening of the Howard Street tunnel, a linchpin in t ...

Group 1 - The trend of appointing insiders as CFOs has increased significantly, with nearly 71.8% of major public companies choosing internal candidates in the first half of this year, up from 52.9% last year, reflecting a response to economic uncertainty [3] - Unilever has undergone leadership changes, with Fernando Fernandez replacing Hein Schumacher as CEO earlier this year [4] - Unilever is evaluating its top 200 leaders and plans to refresh about 25% of its leadership team as part of a wider restructuring plan [5] Group 2 - Srinivas Phatak has been appointed as Unilever's permanent CFO after serving as interim finance chief since February, following an internal and external search process [6] - The Unilever board unanimously agreed that Phatak is the best candidate for the CFO role due to his strong industry experience and performance as acting CFO [6]

Company Leadership Changes - Steve Rusing has been appointed as President and Chief Executive Officer of Mattress Firm, effective August 14, 2025, expanding his previous role [1] - Scott Thompson, the Chairman and CEO of Somnigroup, served as Mattress Firm's interim CEO since February 2025 [1] Strategic Direction - Combining the roles of President and CEO is expected to enhance leadership agility and alignment within Mattress Firm [2] - Under Steve Rusing's leadership, Mattress Firm has sharpened its operational focus, building momentum and driving solid performance [2] Company Overview - Somnigroup International Inc. is the world's largest bedding company, operating in over 100 countries with brands like Tempur-Pedic®, Sealy®, and Stearns & Foster® [3] - The company aims to improve lives through better sleep and offers a global omni-channel platform for a unique retail experience [3] Shareholder Value and Responsibility - Somnigroup is committed to delivering long-term value for shareholders through prudent capital allocation and responsible environmental practices [4]

Core Points - Byron Bright has resigned as Chief Operating Officer (COO) of KBR, effective July 11, 2025, after 15 years with the company [1] - KBR has realigned its portfolio into two segments: Mission Technology Solutions (MTS) and Sustainable Technology Solutions (STS) [2] - Doug Hill and Mark Kavanaugh have been appointed as Presidents of KBR's Readiness & Sustainment business and Defense, Intel and Space portfolio, respectively, both having over eight years of experience at KBR [2] - KBR expects no operational disruption in the MTS business following Mr. Bright's departure, with a focus on growth and margin expansion [3] - KBR will provide further details on its Q2 2025 earnings call scheduled for July 31, 2025 [3] Company Overview - KBR delivers science, technology, and engineering solutions globally, employing approximately 38,000 people and serving customers in over 80 countries [4]