(Source: Bloomberg, December 20, 2021)
MONTREAL — Canadian National Railway Co. said Jim Vena, a former executive favored by shareholder TCI Fund Management Ltd. to take over the company, has dropped of the running to replace Chief Executive Officer Jean-Jacques Ruest. Vena, CN’s former chief operating officer, told the board over the weekend that he’s no longer interested in taking the role. The withdraw is a blow to TCI, an activist investor group targeting CN.
Full story: Bloomberg