Ruest announces retirement from CN

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Canadian National Railway President and Chief Executive Officer Jean-Jacques Ruest has laid the groundwork for his retirement from the company. In a release Tuesday afternoon, the railway said Ruest will step down from his executive duties and his role as a board director at the end of January, or at a later time to ensure a “flawless transition” with his successor. The Board has established a CEO search committee although TCI Fund Management Ltd., one of CN’s top shareholders has identified former CN Rail executive, Jim Vena as a potential successor.

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