CN board selects Claude Mongeau to succeed E. Hunter Harrison as president and chief executive officer effective Jan. 1, 2010



    CALGARY, AB, April 21 /CNW Telbec/ - David G. A. McLean, chairman of the
board of directors of CN (TSX: CNR)(NYSE:   CNI), announced today the board's
selection of Claude Mongeau to succeed E. Hunter Harrison as president and
chief executive officer of the company at the end of 2009.
    Mongeau, 47, currently CN's executive vice-president and chief financial
officer, has held successively senior positions since joining the company in
1994.
    McLean said: "CN's board of directors is delighted to announce the
selection of Claude Mongeau. The board thoroughly reviewed the company's
future strategic priorities and the skills and attributes required of our new
CEO. We are confident that Claude is the best candidate to build on the
successes achieved to date.
    "Claude is an exceptional executive and leader. He is one of the
architects of CN's industry-leading financial performance and the key
strategist behind the highly successful rail acquisitions that have grown CN's
reach throughout North America and made it a key industry player. He has a
keen appreciation of the power of CN's unique business model - Precision
Railroading - and will be supported by an outstanding team of railroaders."
    Mongeau said: "I deeply appreciate the board's confidence and I look
forward to leading CN. I am excited about the company's future and firmly
believe market trends strongly favour the growth of rail transportation. CN is
superbly positioned for the future, thanks to the work of Hunter Harrison and
our executive team, and I am committed to fulfilling that potential by
continuing to drive innovation, greater efficiency and better service for our
customers."
    Harrison, 64, became CN's president and chief executive on Jan. 1, 2003.
Prior to that he served as CN's executive vice-president and chief operating
officer. Harrison has received numerous accolades, including Railroader of the
Year by Railway Age magazine and Canada's CEO of the Year by Report on
Business magazine.
    McLean said: "Hunter is a seminal figure in the railroad business, with
his ground-breaking Precision Railroading operating model that's driven
significant efficiency gains and shareholder value at CN. He has provided
outstanding leadership and service at CN, leading to the creation of a great
North American railroad and grooming an excellent successor. Hunter also
devoted countless hours to training the next generation of great railroaders
at CN. Today's announcement begins an orderly period of leadership transition
at CN that will maintain CN's position as an industry leader in creating value
for customers and shareholders."
    Harrison said: "Claude is a key member of my management team at CN, and I
have the greatest confidence in his abilities. I've worked very closely with
him on every aspect of the business. Over the next few months Claude and I
will work very closely together to ensure a seamless transition at year-end."
    As executive vice-president and chief financial officer, Mongeau has led
CN's strategic planning process and is responsible for the overall financial
management of CN, as well as the information technology function.
    In 1997, the Financial Post Magazine named Mongeau one of Canada's top 40
executives under 40 years of age. In 2005, he was selected Canada's CFO of the
Year by an independent committee of prominent Canadian business leaders.

    Forward-Looking Statements

    This news release contains forward-looking statements. CN cautions that,
by their nature, forward-looking statements involve risk, uncertainties and
assumptions. Implicit in these statements, particularly in respect of
long-term growth opportunities, is the Company's assumption that such growth
opportunities are less affected by the current situation in the North American
and global economies. The Company cautions that its assumptions may not
materialize and that the current economic conditions render such assumptions,
reasonable at the time they were made, subject to greater uncertainty. The
Company cautions that its results could differ materially from those expressed
or implied in such forward-looking statements. Important factors that could
cause such differences include, but are not limited to, the effects of adverse
general economic and business conditions, including the current deep recession
in the North American economy and the possibility of a global economic
contraction in 2009, industry competition, inflation, currency fluctuations,
changes in fuel prices, legislative and/or regulatory developments, compliance
with environmental laws and regulations, various events which could disrupt
operations, including natural events such as severe weather, droughts, floods
and earthquakes, labor disruptions, environmental claims, investigations or
proceedings, other types of claims and litigation, and other risks detailed
from time to time in reports filed by CN with securities regulators in Canada
and the United States. Reference 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, available on
CN's website, for a summary of major risks.

    CN - Canadian National Railway Company and its operating railway
subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific
oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert,
B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key
metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth,
Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and
Jackson, Miss., with connections to all points in North America. For more
information on CN, visit the company's website at www.cn.ca


    
    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/
    




For further information:

For further information: Media: Mark Hallman, Director, Communications,
(905) 669-3384; Investors: Robert Noorigian, Vice-President, Investor
Relations, (514) 399-0052


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