Michael Ryan, the company's senior vice president of sales and marketing, will replace Mark Holden on March 1, the parent of Jeffboat said yesterday.
American Commercial Lines said fourth-quarter earnings sank to $23.7 million, although revenue increased more than 13 percent, to $302.5 million.
Ryan said in a statement that the company will continue a strategy conceived in 2006 of "taking every opportunity" to boost its business in both manufacturing and transportation in order to stabilize its revenue stream.
The company has been adding barge-shipping contracts to its core business of manufacturing barges.
American Commercial Lines shares have taken a beating, plummeted from $39 a year ago to $17.60 yesterday. In premarket trading today, the stock climbed 2.3 percent.