Tracy Robinson appointed independent director on Board of Directors

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Tracy Robinson appointed independent director on Board of Directors

Jean Charest was appointed as an independent director on the Board of Directors of the CN. We apologize, but this video hasn't loaded.

You can see other videos from our team by tapping here. CN TSX: CNR, NYSE: CNI, has appointed Tracy Robinson as President and Chief Executive Officer and a member of its Board of Directors, effective February 28, 2022, according to a request by the CN Announces. This appointment follows the retirement of Jean-Jacques JJ Ruest, who will leave the CN's Board on February 28, 2022, but will remain at CN until March 31, 2022 in an advisory role to ensure a seamless transition.

Ms. Robinson, who will be joining CN from TC Energy and previously spent almost three decades at Canadian Pacific, is a well-respected and seasoned public company executive who brings more than 35 years of operational management, strategy development and project execution experience to CN. She is regarded as an extraordinary high-performing leader, for which she is highly regarded within the Canadian federal and provincial regulated natural gas industry and beyond. CN has made several changes to its Board of Directors. The Hon. was appointed by the Company. I am an independent director. Shauneen Bruder has been appointed Vice Chair of the Board. Two new independent directors with experience in North American railroad will be appointed by CN s 2022 Annual General Meeting AGM CN.

We are thrilled to have Tracy join the CN as President and CEO, and are confident that CN has the right team to lead it into the next phase of growth. She brings more than 35 years of experience in operational management, strategy development and project execution to drive growth and profitability. I would like to thank Shauneen for leading the Search Committee through a robust process that identified the right leader to drive growth, continue operational improvement, technological advancement and shareholder value, and attract a world-class workforce. We are pleased to welcome Jean to the Board and look forward to welcoming two additional directors with railroad experience. Our strategy is well-underway, and we have made a lot of progress towards building the railway of the future. I have no doubt that Tracy will be an extraordinary leader for the next phase of the CN's journey and I am very looking forward to working closely with her. I want to express my gratitude to my fellow members of the Board and search committee for their work in this very rigorous and thorough process and JJ Ruest for the leadership he has provided as CEO since 2018. Shauneen Bruder, Vice Chair of the Board of Directors of CN This is a transformational period at CN, and I couldn't be more excited about the opportunities ahead. Our focus is on building a railway of the future that creates shareholder value by meeting the needs of our customers, employees, communities, and economies that depend on us safely, reliably, and efficiently. I look forward to working closely with CN's extremely talented railroaders, Board and Management team as we take CN to the next level of performance and industry leadership. I want to say that I respect and value the rich history of the CN in Montr al and Qu bec, where the common and official language is French. I am excited to be returning to the wonderful city of Montr al, and I have already begun French lessons to make sure I fully embrace the experience of living in Qu bec and communicate with CN's valued employees and customers across the continent. CN entered into a Resolution Agreement with CIFF Capital and TCI collectively TCI. As part of that resolution agreement, CN and TCI will agree on the appointment of two independent directors to the Board prior to the 2022 AGM. TCI has agreed to withdraw its requisition for a special meeting of shareholders, which was originally scheduled to be held on March 22, 2022, and support the election of all CN Director nominees at the 2022 and 2023 AGMs. CN transported more than 300 million tons of natural resources, manufactured products, and finished goods every year throughout North America, essential to the economy, customers, and communities it serves. As the only railroad connecting Canada's eastern and western coasts with the U.S. South through a 19,500-mile rail network, CN and its affiliates have been a part of community prosperity and sustainable trade since 1919. CN is committed to programs that support social responsibility and environmental stewardship.

Certain statements included in this news release are forward-looking statements that are within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. The risks, uncertainties, and assumptions are part of the nature of forward-looking statements. The Company cautions that assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as believes, expects, anticipates, assumes, outlook, plans, targets, or other similar words.

There are risks, uncertainties and other factors that may cause the actual results or performance of the Company to be materially different from the outlook or performance implied by the statements. References should be made to Management's Discussion and Analysis in CN's annual and interim reports, Annual Information Form and Form 40 F, filed with Canadian and U.S. securities regulators and available on CN's website for a description of major risk factors.