(Canwest News Service circulated the following on January 25, 2010.)
TORONTO – The new chief executive of Canadian National Railway Co., Claude Mongeau, said Monday he has shuffled his leadership team following the retirement of Hunter Harrison as CEO in December, and the departure of the railway’s head of sales and marketing, James Foote, late last year.
Keith Creel, CN’s former executive vice-president of operations, will now move into the role of chief operating officer, while Jean-Jacques Ruest, the former executive vice-president of marketing, will take over as chief marketing officer.
Those appointments come in addition to Luc Jobin’s appointment in mid-2009 to chief financial officer.
CN will report its fourth-quarter and end-of-year results on Tuesday. Analysts are expecting earnings per share of 93 cents for the fourth quarter from the railway, compared to $1.12 last year, as weaker volumes and a five-day strike during the fourth quarter are expected to drag on earnings.