- CN (CNR) announced that Jean-Jacques (JJ) Ruest will retire as President, CEO and board member
- CN’s board has appointed a committee to conduct a global search for a new CEO
- CN is a world-class transportation leader and trade enabler
- Canadian National Railway Company (CNR) is up 5.2 per cent, trading at $161.36 per share at 1:35 pm ET
CN (CNR) announced that Jean-Jacques (JJ) Ruest will retire as President, CEO and board member effective as of the end of January 2022, or such time as a successor has been appointed.
Robert Pace, Chair of CN’s Board of Directors commented,
“On behalf of the board, I would like to thank JJ for his dedicated service to CN over 25 years and as CEO since 2018. He has provided the company and all of our stakeholders with strong and inspired leadership. JJ deferred discussions on his retirement plans in order to see the company through the potential merger with KCS and closing of the transaction, and the introduction of the strategic plan announced on September 17th, 2021, which is beginning to demonstrate results. We are grateful for his leadership and his exemplary commitment of service to the company and wish him the all the best in his upcoming retirement.”
JJ Ruest, President and Chief Executive Officer remarked,
“I have been honored to lead CN during my time as chief executive officer, and I am confident that the company is well positioned to continue to thrive following my retirement. The strength of the company’s management team and board allow me to announce my planned retirement knowing that the Company we have built will continue to prosper.”
CN’s board has appointed a committee consisting of several board members to conduct the search for a new CEO.
CN is a world-class transportation leader and trade enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.
Canadian National Railway Company (CNR) is up 5.2 per cent, trading at $161.36 per share at 1:35 pm ET.