Mongeau Joins NS Board
Written by William C. Vantuono, Editor-in-Chief
Claude Mongeau
Former CN President and CEO Claude Mongeau has been elected a director of Norfolk Southern Corp. Mongeau, 57, has been appointed to the Compensation Committee and the Finance and Risk Management Committee of the Norfolk Southern board and will serve as an independent director.
During a 22-year career at CN, Mongeau served as Executive Vice President and CFO; Vice President Strategic and Financial Planning; and Assistant Vice President Corporate Development. He was President and CEO from 2010 to 2016. Prior to joining CN, Mongeau was a partner with Groupe Secor, a Montreal-based management consulting firm that provided strategic advice to large Canadian firms. He began his career in Paris as a consultant for the American firm Bain & Company. Mongeau holds a Bachelor of Arts in psychology from the University of Quebec and an MBA from McGill University. He currently serves as a corporate director on the boards of Cenovus Energy Inc. and the Toronto-Dominion (TD) Bank.
Mongeau “brings extensive freight transportation industry experience to Norfolk Southern’s board,” NS said. “As CN CEO, he successfully executed a customer-centric version of Precision Scheduled Railroading. Under his leadership, CN enhanced operating efficiencies while improving service through engagement, communication and collaboration with customers,” following the late E. Hunter Harrison’s retirement. (Harrison eventually came out of retirement to head Canadian Pacific, and then went to CSX, less than one year prior to his death in December 2017.)
“We are excited and pleased to welcome Claude to the Norfolk Southern board,” NS Chairman, President and CEO Jim Squires said. “Claude’s deep knowledge and understanding of Precision Scheduled Railroading will be invaluable as we continue to implement our PSR-based strategic plan to drive efficiencies, service, growth, and shareholder value. Claude brings hands-on experience in aligning PSR with a customer focus that promotes end-to-end supply chain performance and growth.”
