Canadian National Railway (CNI) Announces Planned CEO Retirement

CN (NYSE: CNI) today announced that Jean-Jacques (JJ) Ruest will retire as president and chief executive officer and as a member of the Board of Directors of the Company, effective as of the end of January 2022, or such later time as a successor has been appointed to ensure a flawless transition.

“On behalf of the Board, I would like to thank JJ for his dedicated service to CN over 25 years and as CEO since 2018. He has provided the company and all of our stakeholders with strong and inspired leadership. JJ deferred discussions on his retirement plans in order to see the Company through the potential merger with KCS and closing of the transaction, and the introduction of the strategic plan announced on September 17th, 2021, which is beginning to demonstrate results. We are grateful for his leadership and his exemplary commitment of service to the Company and wish him the all the best in his upcoming retirement.”

Robert Pace, Chair of CN’s Board of Directors

“I have been honored to lead CN during my time as chief executive officer, and I am confident that the Company is well positioned to continue to thrive following my retirement. The strength of the Company’s management team and Board allow me to announce my planned retirement knowing that the Company we have built will continue to prosper.”

JJ Ruest, President and Chief Executive Officer

The Board has appointed a CEO Search Committee consisting of the following Board members to conduct the global search and make recommendations to the full Board.

The Search Committee is working with, Korn Ferry, a leading executive search firm to conduct a global search for Mr. Ruest’s successor and will consider all qualified internal and external candidates.

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