CN Board Launches Search to Replace Director who Recently Resigned
On April 26, 2022, CN’s Board of Directors held its first meeting after Jean Charest's resignation effective April 1, 2022. The Board expressed gratitude for Charest’s contributions and announced plans to appoint a francophone and Quebec-based director to fill the vacancy. This aligns with CN's commitment to its long-standing history and operations in Quebec. CEO Tracy Robinson has also relocated to Montreal, emphasizing CN's dedication to its roots in the region.
- The Board is actively seeking a new francophone and Quebec-based director, which may strengthen local representation.
- Jean Charest's resignation could lead to temporary instability in the Board's decision-making processes.
MONTREAL, April 26, 2022 (GLOBE NEWSWIRE) -- This morning, at the first meeting of CN’s (TSX: CNR) (NYSE: CNI) Board of Directors following Jean Charest’s resignation, CN’s board thanked Mr. Charest for his contributions to CN. Mr. Charest was nominated to the Board in January following a rigorous selection process and resigned on April 1, 2022 to pursue public office. CN’s Board has launched a search for a francophone and Quebec based director to be appointed in the coming months. This is in addition to CN’s CEO, Tracy Robinson, who has relocated to Montreal.
“This morning, the CN Board launched a rigorous process to identify a francophone and Quebec based director to replace Mr. Charest on the board. We intend to appoint a new director in the coming months. CN, headquartered in Montreal for over 100 years, and its Board of Directors, is very proud of and respects, the Company’s rich history in Quebec, where the official language is French.”
-- Robert Pace, Chair of the Board of CN
About CN
CN 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. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 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.
Contacts:
| Media | Investment Community |
| Jonathan Abecassis | Paul Butcher |
| Senior Manager | Vice-President |
| Media Relations | Investor Relations |
| 438-455-3692 media@cn.ca | (514) 399-0052 investor.relations@cn.ca |
FAQ
What happened at CN's Board meeting on April 26, 2022?
Who resigned from CN's Board on April 1, 2022?
Why is CN looking for a francophone director?
What is the significance of CN's CEO relocating to Montreal?
