Business
Claude Mongeau to step down from his role leading CN
Claude Mongeau to step down from his role leading CN Claude Mongeau to step down f...
About this update from Canadian National Railway Company
[{"type":"text","content":"\n\n\n\nClaude Mongeau to step down from his role leading CN\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nClaude Mongeau to step down from his role leading CN\nCanada NewsWire\nMONTREAL, June 7, 2016\n\n\n\nLuc Jobin to succeed him as President and Chief Executive Officer as of July 1st, 2016\n\n\n\nMONTREAL, June 7, 2016 /CNW/ - CN (TSX: CNR) (NYSE: CNI) announced today that its President and Chief Executive Officer Claude Mongeau will step down from his role leading CN at the end of June. 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. He has been one of the key architects of CN's remarkable business transformation from the early days towards the company's Initial Public Offering in 1995, to its successful expansion as a leading North American railway today.\n\nMongeau 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.\"  \n\nMongeau 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.\"\n\n‎CN's Directors today 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. CN has greatly benefitted from his very broad business experience over the last seven years as he set out to strengthen the finance, information technology and strategic planning functions; h...