CN says Vena, a former executive favoured by activist shareholder
The
CN says it expects to complete the CEO search process and announce a replacement for outgoing CEO
Ruest had been a target for replacement by TCI.
CN says its search committee has identified and continues to interview a number of candidates.
The company says the board remains committed to finding the right leader to continue its ambitions to build the premier railway for the 21st century and deliver immediate and long-term value to all shareholders while retaining its commitment to safety and customer service.
TCI released a plan in October that it said would help put CN "back on track," which included Vena becoming the company's new CEO.
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