Vena out of the running as next CN CEO
The railroad veteran removed himself from consideration over the weekend.
The railroad veteran removed himself from consideration over the weekend.
In a quarterly earnings call, outgoing CEO JJ Ruest insists CN’s board of directors will conduct an extensive search for his successor. An activist investor is seeking to install its own CEO choice.
TCI Fund Management continues to press CN shareholders to install a new CEO and four new board members.
Canadian railway CN and shareholder TCI Fund Management are publicly squabbling about who should run the company as CN sets a March meeting date to address TCI’s board candidate picks.
Major CN shareholder TCI Fund Management wants CN’s board to have more operational experience. The company is also still pushing for the removal of CN’s current CEO.
As a major shareholder of CN and CP, TCI Fund Management has submitted proposals for climate action. TCI also requested shareholder votes on climate plans at yearly meetings.