Creating Value | Connected Continent

Better Bid. Better Partner. Better Railway. Best Solution.

Creating Value

We have confidence in our ability to receive all regulatory approvals required to close the transaction and capitalize on this opportunity to create the premier railway for the 21st century.

$325

Offer per share in cash and stock

$200

Upfront cash per share for KCS shareholders

~$1

billion

Expected revenue opportunities and cost synergies to drive significant EPS accretion

45%

Premium to KCS’s unaffected share price

Proven Performance

An established track record of successful acquisitions and seamless integrations, led by a seasoned team of railroaders, ensures the combination’s near-term benefits and long-term value will be delivered.

Jean

Jean-Jacques Ruest

President & Chief Executive Officer

Jean-Jacques Ruest was appointed President and Chief Executive Officer in July 2018, after having served as Interim President and CEO since March 2018. He was previously Executive Vice-President and Chief Marketing Officer since January 2010, with responsibility for providing the strategic direction and leadership for CN’s Sales, Marketing and CN Supply Chain Solutions groups.

Mr. Ruest joined CN in 1996 at the time of the privatization. Prior to this, Mr. Ruest worked for 16 years at a major international chemical company.

Mr. Ruest holds a Masters in Business Administration in Marketing from HEC Montréal (Université de Montréal) and a Bachelor of Science degree in applied chemistry from Université de Sherbrooke. He also completed the executive program of the University of Michigan Business School, and CN’s Railroad MBA program.

Over the course of his career, Mr. Ruest has been honoured many times by the business community, notably as 2019 Railroader of the Year and an Inductee to the International Maritime Hall of Fame in 2017.

Robert

Rob Reilly

Executive VP & Chief Operating Officer

Rob Reilly was appointed Executive Vice-President and Chief Operating Officer in July 2019, based in Montreal. He has also assumed interim responsibility for CN’s Information and Technology function since November 2019.

Joining CN with 30 years of experience in the rail industry, Mr. Reilly is responsible for CN’s 24/7 operations overseeing about 20,000 railroaders from the Transportation, Engineering, Mechanical, Network Operations and Safety groups across North America. Mr. Reilly brings to the Company extensive leadership in safety, rail operations, field application of rail technologies, and a deep understanding of the intermodal business at major ports and large terminals.

Prior to his role at CN, Mr. Reilly joined the Atchison, Topeka and Santa Fe Company (now known as BNSF) in 1989.

Born in Topeka, Kansas, Mr. Reilly is a graduate of Washburn University, Kansas, where he played point guard on Washburn’s 1987 NAIA National Basketball Championship team. He subsequently completed the Executive Program at Stanford University. His career in the railway industry has taken him across the U.S. in a succession of increasingly senior positions, most notably in Chicago and the U.S. west coast.

Sean

Sean Finn

Executive VP Corporate Services & Chief Legal Officer

Sean Finn was appointed Executive Vice-President Corporate Services and Chief Legal Officer in December 2008. He is responsible for a wide array of legal, government, regulatory, public affairs, risk mitigation and security matters. Mr. Finn joined CN in January 1994 and led the Company's corporate tax function while being involved extensively in CN's privatization in November 1995. He was appointed Treasurer and Principal Tax Counsel in August 1996, Vice-President, Treasurer and Principal Tax Counsel in January 2000, Senior Vice-President, Chief Legal Officer and Corporate Secretary in December 2000, and Senior Vice-President Public Affairs, Chief Legal Officer and Corporate Secretary in February 2003. As Corporate Secretary, he is actively involved and responsible for CN's Corporate Governance Practices and the implementation of the CN Business Code of Conduct.

Prior to joining CN, Mr. Finn was the managing tax partner with the Montreal law firm Lavery, de Billy, where he was involved in domestic and international tax planning, cross-border financing, and corporate financing and reorganizations.

Mr. Finn graduated from the faculty of law of the University of Montreal in 1981 and completed a Masters degree in tax law at the University of Toronto in 1983. He was admitted to the Quebec Bar in 1983. Mr. Finn was named Tax Lawyer of the Year 2000 by his peers.

He is a former Chairman of the Canadian Chamber of Commerce (2006-2007) and of the Quebec Chamber of Commerce (2002-2003), and he is currently the only Canadian member of the US Chamber of Commerce. He was also Chairman of the Chamber of Commerce of Metropolitan Montreal for a one-year mandate (2017-2018). In September 2018, Mr. Finn was selected to be the inaugural recipient of the Canadian Chamber of Commerce’s Emeritus Leaders’ Circle award, in recognition of his demonstrated commitment to advancing the CCC’s mission and vision, and for supporting the Chamber in achieving excellence in operations and delivering value to members.

He was also the mayor of the City of Saint-Lambert, Quebec from 2005 to 2009. Mr. Finn was a lecturer for 20 years in tax legislation and policy for the masters in taxation at Université de Sherbrooke and for the graduate diploma in taxation at McGill.

Ghislain

Ghislain Houle

Executive VP & Chief Financial Officer

Ghislain Houle was appointed Executive Vice-President and Chief Financial Officer in July 2016, based in Montreal. His responsibilities at CN include financial management, strategic planning and strategic acquisitions. Previously, he had been Vice-President and Corporate Comptroller since March 2016, and Vice-President – Financial Planning since March 2007.

Mr. Houle joined CN in September 1997 as Chief of Internal Audit. In July 1998, he was appointed Managing Director, ISP Project, a three-year initiative to improve business processes by replacing CN’s administrative support systems with the SAP integrated solution. He became Vice-President and Treasurer in 2001 and in 2004, he was responsible for the integration of the Business Development Group with CN Railway Properties, which he already managed since November 2002.

Prior to joining CN, Mr. Houle held the position of Senior Manager in tax and audit at a major accounting firm.

Mr. Houle is a CPA, CA and holds a bachelor of commerce degree from Laval University and an MBA from McGill University.

Dominique

Dominique Malenfant

Executive VP & Chief Information and Technology Officer

Dominique Malenfant was appointed Executive Vice-President and Chief Information and Technology Officer in September 2020. Based in Montreal, Dominique is responsible to deliver CN’s technology strategy, with a focus on automation technology and the digitalization of CN’s network and operations.

Dominique has spent nearly 30 years in global leadership roles in the transportation and rail industries. In his most recent role, Dominique was Senior Vice-President, Engineering and Chief Technology Officer at Wabtec Corporation. Prior to his position at Wabtec Corporation, Dominique held the position of Vice-President of Global Technology at GE Transportation. During his tenure at Wabtec Corporation and GE Transportation, Dominique was focused on the next generation of Precision Scheduled Railroading and Positive Train Control technologies and spearheaded a major digital industrial evolution in rail.

Previous to GE Transportation, Dominique served as Vice-President of Product and Engineering for the Transportation Propulsion and Control Business at Bombardier Transport. He also managed Bombardier Transport’s North American group, where he was responsible for Product Management, Engineering and Supply Management. He also led the Center of Expertise R&D group, and has experience in Plant Management, Engineering Quality Assurance, Systems Engineering, and Project Management.

Dominique holds a bachelor’s degree in Electrical Engineering from Laval University, Quebec.

Dorothea

Dorothea Klein

Senior Vice-President and Chief Human Resources Officer

Dorothea Klein was appointed Senior Vice-President and Chief Human Resources Officer in December 2019.

She came to CN from ABB, where she was most recently Senior Vice-President, Human Resources of the Electrification Business that counts over 50,000 employees.

Dorothea has an extensive human resources, finance and M&A background, having served other large North American and European companies in various industries, notably pharmaceuticals and healthcare, over the past 30 years. With this experience, she brings valuable cross-functional leadership and workforce transformation skills to CN.

Based in Montreal, she leads CN’s continuing journey of being a best-in-class employer by overseeing leading human resources and labour relations practices.

Dorothea is a graduate of Business Administration at the University of Reutlingen ESB Business School, Germany, and the CESEM-NEOMA business school in Reims, France. She also completed Executive Management programs at LSU in Baton Rouge, USA, as well as Wharton and INSEAD.