CN Appoints Luc Jobin Executive VP, CFO Effective June 1

MONTREAL — E. Hunter Harrison, president and chief executive officer of CN, announced the appointment of Luc Jobin, C.A., as the executive vice-president and chief financial officer of the company effective June 1.

Jobin, 50, will be responsible for financial management and strategic planning at CN.

Jobin will succeed Claude Mongeau, whom the CN board of directors recently selected to become CN president and chief executive officer effective Jan. 1, 2010. Between June 1 and yearend, Mongeau will act as executive vice-president, spending most of his time in the field broadening his knowledge of CN’s network and operations before assuming his new duties at the beginning of next year.

Jobin was recently executive vice-president of Power Corporation of Canada (PCC), a diversified international management and holding company, with responsibility for overseeing PCC’s portfolio of diversified investments.

Prior to joining PCC in 2005, he spent 22 years in a variety of financial and executive management positions with Imasco Limited and its Canadian subsidiary, Imperial Tobacco Canada Limited. Imasco, a major North American consumer products and services company, became a British American Tobacco Plc subsidiary in 2000. Jobin was president and chief executive officer of Imperial Tobacco when he joined PCC.

Harrison said: “CN is pleased to appoint Luc Jobin as its new executive vice-president and chief financial officer. Luc is a seasoned corporate executive known for delivering sustainable corporate performance improvements and increased shareholder value. We look forward to Luc leading further gains in CN’s strong financial record and helping to shape our strategic vision for the future.”

Jobin said: “I am delighted to join the rail industry’s leading carrier and its team of talented railroaders. I believe my energy, experience in bottom-line accountability and skills in developing high-quality financial and business development teams will help to deliver increased value to CN and its shareholders.”

Jobin obtained his Chartered Accountant Accreditation from the Canadian Institute of Chartered Accountants in 1983. He received his Diploma in Public Accountancy from McGill University in Montreal in 1982. He has been a member of the board of directors of Reynolds American, Inc. since 2008 and also serves on the boards of directors of two not-for-profit organizations in Montreal.

— PRNewswire-FirstCall

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