CN’s President to step down at the end of June

The Canadian National Railway Company (CN) announced that its President and Chief Executive Officer Claude Mongeau will step down from his role leading CN at the end of June. Mr. Mongeau joined CN 22 years ago, was CN’s Chief Financial Officer for 11 years, and its Chief Executive Officer for the last six and a half years.

Mongeau said: “I was filled with joy returning at the helm earlier this year, but I gradually came to realize that it is difficult to fulfill such a demanding role given my new condition as a laryngectomee. I sincerely thank the key members of my Leadership Team and my fellow CN Directors for their understanding and support in the circumstances.”

Mongeau continued: “Facing up to a situation like this inevitably stirs a lot of emotions, but I step down from my role with a deep sense of pride and the firm conviction that CN remains in good hands and has a bright future.”

CN’s Directors unanimously appointed Luc Jobin as President and Chief Executive Officer and a member of the CN Board effective as of July 1st, 2016.

Jobin, 57, joined CN as Executive Vice-President and Chief Financial Officer in 2009 following a successful career as a senior executive at Imasco, Imperial Tobacco, British American Tobacco and Power Corporation.

Source: CN

< Return