Canadian National CEO to leave railway in January amid pressure from activist shareholder [Toronto Globe and Mail (Ontario, Canada)]
Kansas City Southern (KSU)
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Source: Toronto Globe and Mail
Canadian National CEO to leave railway in January amid pressure from activist shareholder An executive search committee has been appointed to find a replacement for CN Rail president and CEO Jean-Jacques Ruest after CN announced Tuesday he will leave in January. Graham Hughes/The Canadian Press An executive search committee has been appointed to find a replacement for CN Rail president and CEO Jean-Jacques Ruest after CN announced Tuesday he will leave in January. Jean-Jacques Ruest, Canadian National Railway Co.’s chief executive officer, will leave the Montreal-based railway in January amid calls for his resignation from an activist shareholder. CN , which made the announcement after markets closed on Tuesday, said it has appointed an executive search committee to find a replacement for Mr. Ruest, a 25-year CN employee who became CEO in 2018. Investor Christopher Hohn, whose U.K. hedge fund TCI Fund Management Ltd. is CN’s second-largest shareholder at 5.2 per cent, has called f
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