CN shuffles upper management positions following Mongeau resignation

Canadian National Railway has named Claude Mongeau’s successor as president and CEO of the company, Luc Jobin, as company director, and promoted Mike Cory to chief operating officer and Ghislain Houle to chief financial officer.    Canadian National Railway (CN) is reorganizing some of its upper management positions in the wake of President and Chief Executive Officer Claude Mongeau’s resignation earlier this month.
   The Class I railroad’s board has appointed Luc Jobin, Mongeau’s successor as president and CEO, as director, the company said in a statement. In addition, the CN board has promoted Mike Cory to the position of chief operating officer and Ghislain Houle to chief financial officer.
   Cory, who started working for CN in 1981, is currently senior vice-president of CN’s western region, the company’s largest region, while Houle, an employee since 1997, most recently served as vice-president and corporate comptroller. Both will be based at CN’s headquarters in Montreal.
   “The high calibre of Mike and Ghislain is testament to the deep bench strength of our executive team,” Jobin said of the appointments.
   CN said that as part of the management transition, Jim Vena will retire July 1 as executive vice-president and chief operating officer.