MONTREAL, June 27, 2016 /CNW/ - Luc
Jobin, incoming president and chief executive officer of CN
(TSX: CNR) (NYSE: CNI), announced today the appointments of
Mike Cory as executive
vice-president and chief operating officer, and Ghislain Houle as executive vice-president and
chief financial officer. Cory's and Houle's appointments will take
effect July 1, 2016.
Cory, 54, joined CN in 1981, starting work at the Symington Yard
Diesel Shop in Winnipeg, and rose
through the operating ranks to hold his most recent position of
senior vice-president, western region – CN's largest region.
Jobin said: "Mike is an innovative railroader who's committed to
safety and is a proven leader in delivering Operational and Service
Excellence. His strong knowledge of our franchise will help take CN
operations to the next level of excellence."
As part of the management transition, Jim Vena will retire as CN executive
vice-president and chief operating officer on July 1.
Jobin said: "I want to thank Jim for his 39 years of leadership
and commitment to CN. All of us wish Jim the very best in the years
ahead."
Houle, 52, joined CN in 1997 as chief of internal audit, has
held a succession of increasingly senior financial positions and
was most recently the company's vice-president and corporate
comptroller.
Jobin, commenting on his successor as chief financial officer,
said: "I have worked closely with Ghislain over the past seven
years. He is a disciplined financial executive with a deep
understanding of CN's business and operations.
"The high calibre of Mike and Ghislain is testament to the deep
bench strength of our executive team."
Cory and Houle will be based at CN headquarters in Montreal.
Forward-Looking Statements
Certain information included in this news release constitutes
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and under
Canadian securities laws. CN cautions that, by their nature, these
forward-looking statements involve risks, uncertainties and
assumptions.
Forward-looking statements are not guarantees of future performance
and involve known and unknown risks, uncertainties and other
factors which may cause the actual results or performance of the
Company or the rail industry to be materially different from the
outlook or any future results or performance implied by such
statements. Important risk factors that could affect the
forward-looking statements include, but are not limited to, the
effects of general economic and business conditions, industry
competition, inflation, currency and interest rate fluctuations,
changes in fuel prices, legislative and/or regulatory developments,
compliance with environmental laws and regulations, actions by
regulators, various events which could disrupt operations,
including natural events such as severe weather, droughts, floods
and earthquakes, labor negotiations and disruptions, environmental
claims, uncertainties of investigations, proceedings or other types
of claims and litigation, risks and liabilities arising from
derailments, and other risks detailed from time to time in reports
filed by CN with securities regulators in Canada and the
United States. Reference should be made to "Management's
Discussion and Analysis" in CN's annual and interim reports, Annual
Information Form and Form 40-F filed with Canadian and U.S.
securities regulators, available on CN's website, for a summary of
major risk factors.
CN assumes no obligation to update or revise forward-looking
statements to reflect future events, changes in circumstances, or
changes in beliefs, unless required by applicable securities laws.
In the event CN does update any forward-looking statement, no
inference should be made that CN will make additional updates with
respect to that statement, related matters, or any other
forward-looking statement.
CN is a true backbone of the economy, transporting more than
C$250 billion worth of goods annually
for a wide range of business sectors, ranging from resource
products to manufactured products to consumer goods, across a rail
network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National
Railway Company, along with its operating railway subsidiaries --
serves the cities and ports of Vancouver, Prince
Rupert, B.C., Montreal,
Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of
Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth,
Minn./Superior, Wis., and
Jackson, Miss., with connections
to all points in North America.
For more information about CN, visit the Company's website at
www.cn.ca.
SOURCE CN