CN Rail Abruptly Replaces CEO, Seeking to ‘Energize’ Company [Bloomberg Business News]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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US:NYSE Investor Relations:
cn.ca/en/investors
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Source: Bloomberg Business News
Overwhelmed by a surge in freight, Canadian National Railway Co. replaced its chief executive officer after less than two years, vowing to replace Luc Jobin with a leader who can deliver “speed and determination.” Chief Marketing Officer Jean-Jacques Ruest, 62, was appointed interim CEO effective immediately. An international search for a new CEO is under way, the Montreal-based company said Monday. “They’ve had a pretty poor operating performance since the fall,’’ Cameron Doerksen, an analyst at National Bank Financial, said in an interview. “The longer the operating issues persist, the more risk you have of losing customers. CN does have an experienced leadership team, so I don’t have any concerns.’’ Ruest, a 22-year veteran of the company, will need to act quickly to turn around a railroad that long had been a standard of efficiency but that has grappled with network congestion in recent months. Canadian National recently earned a rare public rebuke from
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CNI
News
- Canadian National Railway Company (TSE:CNR) is largely controlled by institutional shareholders who own 71% of the company [Yahoo! Finance]Yahoo! Finance
- Posthaste: Canada's middle class is losing momentum as wealth gap widens [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Morning News Call - Canada, April 23 [Yahoo! Finance]Yahoo! Finance
- Five things to watch for in the Canadian business world in the coming week [Financial Post (Toronto, Ontario, Canada)]Financial Post
- CN Announces Remi G. Lalonde as Chief Commercial OfficerGlobeNewswire
CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- 4/2/24 - Form 6-K
- CNI's page on the SEC website