CN chief executive to retire as railway faces pressure from activist investor [Financial Post (Toronto, Ontario, Canada)]
Kansas City Southern (KSU)
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Source: Financial Post
Article content Canadian National Railway Co chief executive Jean-Jacques Ruest will retire in the new year, a move that comes as the railway faces pressure from an activist investor to rejig its leadership. Advertisement Article content Canada's largest rail carrier announced the change to its top ranks before a third-quarter earnings call with analysts on Tuesday evening. The move comes one day after shareholder TCI Fund Management Ltd. published plans to shake up the railway's leadership and operations. Wish you could join a 'Squid Game'? Here's a safer plan to escape debt Advertisement Ruest will stay on as president and chief executive officer and as a board member until January 2022, or longer if required to find a successor. He joined Montreal-based Canadian National more than two decades ago and took the helm of the company in 2018. Ruest had delayed discussions on his retirement plans due to Canadian National's bid for Kansas City Southern — which it lost to
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