For his role in completing the transformation of Canadian National from troubled Crown corporation to an internationally acclaimed private railway, departing CN President and CEO E. Hunter Harrison Tuesday received the warm applause of the company’s board of directors.
David G. A. McLean, chairman of the board of directors of CN noted that Harrison (pictured at left) has received numerous accolades, including Railway Age magazine’s 2002 Railroader of the Year, the 2009 International Business Leader of the Year from the Canadian Chamber of Commerce, and Canada's CEO of the Year by Report on Business magazine. His predecessor as CN’s CEO, Paul Tellier, was Railway Age’s 1997 Railroader of the Year.
"On behalf of CN's board of directors, I would like to thank Hunter for the outstanding leadership and service that he has provided to this company. His innovative Precision Railroading model and tireless dedication has led to the creation of a great North American railroad and will leave this company well positioned for future success," said McLean. "As Hunter prepares to step down from the company and from its board of directors, we extend our profound gratitude for what he has accomplished, and our best wishes for the future."
Harrison, 65, became CN's president and chief executive on Jan. 1, 2003, after serving as CN's executive vice-president and chief operating officer.
On April 21, 2009, CN's board of directors selected Claude Mongeau to succeed Harrison as president and chief executive officer effective Jan. 1, 2010.