Canadian National’s Board of Directors announced that CEO Luc Jobin would leave effective immediately.
The Board has appointed Jean-Jacques Ruest Interim President and Chief Executive Officer until a permanent replacement is in place. Mr. Ruest has been with the company for 22 years, the last eight as Executive Vice-President and Chief Marketing Officer.
“The Board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the company forward with the speed and determination CN is known for,” said Board Chairman Robert Pace. “Mr. Ruest is well known to customers and investors, and is well positioned to focus the company and its very experienced and proven team of railroaders to rapidly address operational challenges during the transition.”
An international search for a new CEO is underway.
Source: Canadian National
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