Canadian National Names Claude Mongeau and James M. Foote Executive Vice-Presidents.Business Editors MONTREAL--(BUSINESS WIRE)--Oct. 4, 2000 Canadian National (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNR See riser card. CNR - Communication and Network Riser .)(NYSE NYSE See: New York Stock Exchange :CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. ) Canadian National announced today the promotions of Claude Mongeau and James M. Foote to new executive positions. Mongeau, 38, assumes the title of executive vice-president and chief financial officer. Foote, 46, becomes executive vice-president, sales and marketing. Prior to the promotions, Mongeau was senior vice-president and chief financial officer and Foote senior vice-president, sales and marketing. Their appointments are effective immediately. CN President and Chief Executive Officer Paul M. Tellier said: "Claude and Jim have played leading roles in CN's financial turnaround and the successful implementation of its North American growth strategy. "Claude has done a first-rate job in financial planning and maximizing cash flow and earnings from CN's asset base, including fiber optic ventures. Today, CN has the best operating ratio - percentage of revenue required to operate and maintain the railroad - of any North American railroad. Claude's skill set, along with his involvement in CN's privatization, network rationalization and real estate activities, makes him well suited to lead CN's strategic planning process. "Jim's leadership has been key to the success of CN's aggressive marketing strategy. That strategy has seen a host of new intermodal and carload carload In commodities trading, a railroad car or truckload of grain that ranges from 1,400 to 2,500 bushels. services unveiled this year, including new transcontinental intermodal schedules that cut almost 24 hours off transit times between Toronto and principal western Canadian cities. CN, year-to-date, leads all North American railroads in traffic growth." Mongeau joined CN in May 1994 and has held the positions of vice-president, strategic and financial planning, and assistant vice-president corporate development. He was appointed chief financial officer in August 1999. Mongeau received his undergraduate degree from the University of Quebec at Montreal and his master of business administration degree from McGill University in Montreal. Foote joined CN in August 1995 as vice-president, investor relations, to assist the Company's privatization. He has been CN's vice-president of merchandise and vice-president, corporate development, investor relations and tax with the Chicago and North Western Railroad. Foote is a graduate of the University of Wisconsin - Superior, the John Marshall Law School The John Marshall Law School is the name of two unrelated law schools, both named in honor of John Marshall.
Canadian National Railway Company Canadian National Railway Company (NYSE: CNI, TSX: CNR) is a Canadian rail transportation company that operates the Canadian National Railway. It was created in December, 1918 as a Crown corporation of the Government of Canada to nationalize several bankrupt rail systems spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , serving the ports of Vancouver, Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America. |
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