CN Announces COO Succession and Evolution of Operating Structure
18 Octobre 2023 - 2:00PM
CN (TSX: CNR) (NYSE: CNI) today announced the appointment of
Patrick Whitehead as Executive Vice-President and Chief Network
Operating Officer and the appointment of Derek Taylor as Executive
Vice-President and Chief Field Operating Officer. Their
appointments are effective as of November 15. Pat and Derek will
succeed Ed Harris who will take on a consultant role until March
31, 2024, to ensure a seamless transition.
The evolution of CN’s operations organization
recognizes the distinction in focus and capabilities between the
development of the plan, including building our network for the
future, and the day-to-day demands of safely executing the plan.
The innovative structure will help drive a greater intensity in
delivering profitable growth through the cost-effective expansion
of CN’s network infrastructure, where needed, and ongoing
improvements to customer service as the Company sells into its
capacity. It will also allow for the simultaneous refinement of
CN’s long-term fleet plan, reflecting the Company’s decarbonization
ambitions, and the continued deployment of operating technologies
to enhance safety and efficiency.
Pat will "make the plan" as he takes on
leadership of Network Operations, Mechanical, Engineering, and the
corporate safety team, including CN’s two operations training
centers. Derek will “run the plan” with system-wide leadership for
Transportation and Intermodal Operations. CN intends to continue to
refine this structure over time to align additional
responsibilities under both roles as future phases of the
transformation are executed. A key deliverable for both Pat and
Derek is the ongoing development of talent, as CN continues to
ensure it is the employer of choice by becoming more modern,
innovative, and reflective of the diversity of the communities in
which it operates.
"I am very pleased to appoint Pat and Derek to
these enterprise leadership roles. These appointments are the next
evolution of our 'Make the Plan, Run the Plan, Sell the Plan’
operating model. With this new structure and leadership in place,
we are well-positioned to achieve the sustainable, profitable
growth outlined in our 2024-2026 plan. I want to thank Ed for his
significant contribution to CN and to the railroad industry over
the last 50 years and for his collaboration in imagining and
developing the evolution of the operating team structure. Pat and
Derek were privileged to learn directly from him. His legacy is in
the best hands."
- Tracy Robinson, President and Chief
Executive Officer
"Pat and Derek are accomplished railroaders with
over half a century of combined experience. Their proven track
records of cooperating and leading complementary teams serve
as a model of cross-functional integration and collaboration. I am
confident that they are up to the task of evolving CN’s scheduled
railroading model to sustain growth while ensuring the efficient
day-to-day safe execution of the plan."
- Ed Harris, Outgoing Executive
Vice-President and Chief Operating Officer
Pat and Derek will be based in CN’s operational
centers in Edmonton and Chicago respectively. They will also have
offices in Montreal where they will spend a part of their time.
Biographical NotesPatrick, 48,
is responsible for making CN’s operational plan. Based at CN’s
operational center in Edmonton, AB, Pat is an accomplished
executive with over 30 years of railroad experience, over 25 of
which have been in management positions in Transportation and
Mechanical operations. He joined CN in 2021 as General Manager in
Chicago. Prior to joining CN, Patrick was Vice-President,
Transportation for Norfolk Southern Railway. Patrick was appointed
Senior Vice-President, Network Operations in June 2022. Patrick
will complete the University of Pennsylvania’s Wharton School of
Business Advanced Management Program on October 20th. Patrick holds
a Master of Science degree in Transportation Management from the
University of Denver and is currently taking French classes.
Derek, 46, is responsible for running CN’s
operational plan. Based at CN’s operational center in Homewood, IL,
Derek is a proven strong leader in Transportation with over 20
years of experience at CN. He joined the Company as a Management
Trainee in Winnipeg, MB, in 2000 and since then has held
progressively more senior leadership roles across the organization.
He served as General Manager in Fond du Lac, WI, and in Homewood,
IL, and was Vice-President, Transportation, for the Southern and
Eastern Regions at different times. As Vice-President, Operational
Excellence in 2022, he was responsible for driving continuous
improvement across CN’s key operating metrics. Derek was appointed
Senior Vice-President, Transportation in November 2022. Derek, who
is currently taking French classes, holds a Bachelor of Arts degree
from DePauw University in Indiana.
About CNCN is a world-class
transportation leader and trade enabler. Essential to the economy,
to the customers, and to the communities it serves, CN safely
transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. CN’s network connects Canada’s Eastern and Western
coasts with the U.S. South through an 18,600-mile rail network, CN
and its affiliates have been contributing to community prosperity
and sustainable trade since 1919. CN is committed to programs
supporting social responsibility and environmental stewardship.
CN Forward-looking
StatementsCertain statements by CN included in this news
release constitute “forward-looking statements” within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and under Canadian securities laws. By their nature,
forward-looking statements involve risks, uncertainties and
assumptions. CN cautions that its assumptions may not materialize
and that current economic conditions render such assumptions,
although reasonable at the time they were made, subject to greater
uncertainty. Forward-looking statements may be identified by the
use of terminology such as “believes,” “expects,” “anticipates,”
“assumes,” “outlook,” “plans,” “targets,” or other similar words.
Forward-looking statements reflect information as of the date on
which they are made. 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. 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 and available on CN’s website, for a
description of major risk factors.
Contacts: |
Media |
Investment
Community |
Jonathan Abecassis |
Stacy Alderson |
Director, Public Affairs and |
Assistant Vice-President |
Media Relations |
Investor Relations |
438-455-3692media@cn.ca |
514-399-0052investor.relations@cn.ca |
Canadian National Railway (TSX:CNR)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Canadian National Railway (TSX:CNR)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024