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Rail News: Canadian National Railway - CN

Jobin to succeed Mongeau as CN's CFO


Now that CN has tabbed Claude Mongeau to succeed E. Hunter Harrison as president and chief executive officer, the Class I has gone about the business of appointing Mongeau’s successor as executive vice president and chief financial officer. Today, CN announced Luc Jobin will become the railroad’s top financial officer on June 1.

Jobin will be responsible for financial management and strategic planning. Between June 1 and Dec. 31, Mongeau will serve as EVP and spend most of his time in the field to broaden his knowledge of the railroad's network and operations before he assumes his CEO duties next year, CN said.

Jobin most recently was EVP of Power Corp. of Canada. He previously spent 22 years in various financial and executive management posts with Imasco Ltd. and its Canadian subsidiary, Imperial Tobacco Canada Ltd.

“Luc is a seasoned corporate executive known for delivering sustainable corporate performance improvements and increased shareholder value,” said Harrison in a prepared statement.

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More News from 4/29/2009