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CN CEO Luc Jobin departs amid backlog of rail shipments

from The Globe & Mail

Amid a rail-freight backlog that has angered major customers, Luc Jobin has been ousted by Canadian National Railway Co. after less than two years as chief executive officer. Montreal-based CN replaced Mr. Jobin with veteran marketing chief Jean-Jacques Ruest until a permanent CEO can be named, the company said. "The board believes the company needs a leader who will energize the team, realize CN's corporate vision and take the company forward with the speed and determination CN is known for," said Robert Pace, chairman of CN's board, in a statement. more

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