(The Canadian National Railway issued the following news release on April 15.)
MONTREAL — David G. A. McLean, chairman of the board of directors of CN, today announced the election of two new directors — A. Charles Baillie of Toronto and Hugh J. Bolton of Edmonton — at the company s annual meeting of shareholders here.
Mr. McLean said: The directors of CN are honored to have two such highly-esteemed corporate leaders join their ranks. Mssrs Baillie and Bolton have a wealth of business experience. Their counsel will prove invaluable to the board in assuring CN remains at the forefront of sound corporate governance practices and continues to enhance shareholder value.
Mr. Baillie is former chairman of The Toronto-Dominion Bank. He retired as chief executive officer of the bank in December 2002 and retired as chairman of the bank on April 3, 2003. Mr. Baillie is also a director of Dana Corporation, an automotive supplier, and Ballard Power Systems Inc., a power products manufacturer.
Mr. Bolton is chair of the board of directors of EPCOR Utilities Inc. and Matrikon Inc., a supplier of industrial IT solutions. He is also director of, and deputy chair of the audit committee of, Teck Cominco Limited, a natural resource group, and a director of The Toronto-Dominion Bank. From 1991 to 1997, Mr. Bolton was chairman and chief executive partner of Coopers & Lybrand Canada.
Mssrs Baillie and Bolton replace Paul M. Tellier and Cedric E. Ritchie. Mr. Tellier, CN s former president and chief executive officer and a director of the company, left CN earlier this year to become president and chief executive officer of Bombardier Inc. Mr. Ritchie decided to retire from CN s board of directors. CN has 15 directors, the same number it had before the departures of Mssrs Tellier and Ritchie.
Canadian National Railway Company spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America.