JACKSONVILLE, Fla. - Chris Hohn, a principal of The Children's Investment Fund who won a seat this year on CSX's board of directors, won't run for re-election, the Jacksonville Business Journal has reported. Hohn and three others from the fund won election to the board at the railroad's annual meeting in New Orleans this summer after a bitter fight with management.
Hohn told CSX the "decision resulted from his responsibilities in managing his business interest," according to a statement filed with the Securities and Exchange Commission Thursday.
Hohn and his contemporaries haven't had as much impact at the railroad as many had expected. They'd promised to shake things up at CSX, threatening to oust Chief Executive Michael Ward if he didn't take steps the dissidents felt would improve stock value. But Ward said last month the meetings with the new members had been "very collegial and constructive."
