Angel assumed all three roles effective September 28 and will work closely with the board and management team to ensure a seamless transition of leadership

CSX Corp. (CSX) shares drew investor attention on Monday morning after the company named Steve Angel as its President and Chief Executive Officer.

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Angel, who has joined the board, assumed all three roles effective September 28, succeeding Joe Hinrichs. CSX stated that Angel will work closely with the board and management team to ensure a seamless transition of leadership.

CSX’s stock rose nearly 3% in pre-market trade.

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Read also: Why Cleveland Fed’s Beth Hammack Remains Worried About Inflation: ‘I’m Seeing It In The Services’

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