Posts Tagged ‘Jim Vena’

CN Expects to Name New CEO in January

December 21, 2021

Canadian National indicated this week it expects to name a new CEO next month.

The Montreal-based Class 1 railroad is working with consulting firm Korn Ferry to review potential suitors for the job.

The new CEO will replace J.J. Ruest who this past October announced his retirement plans. Ruest plans to step down after a new CEO is named.

One candidate who will not be considered for the CN CEO position is Jim Vena, a former Union Pacific executive who had been pushed for the position by an activist investment firm that is seeking to oust the current CN management team

Vena, who had been supported by TCI Fund Management, informed the CN search committee reviewing CEO candidate that he is no longer interested in the position.

Vena had interviewed several times with the committee for the post. In addition to his work for UP, Vena also once worked as a CN manager, including serving as chief operating officer. He held the same position at UP until January 2021.