Canadian National Railway Names New CEO, Averts Proxy Fight
Canadian National Railway Co. named a new chief executive officer and made changes to its board Tuesday, moves that will allow the railroad operator to avert a proxy fight.
The Canadian railroad operator named longtime railroad executive Tracy Robinson as CEO and president. Also, U.K.-based activist TCI Fund Management Ltd. agreed to drop its proxy contest at Canadian National, which named a new independent director and plans to appoint two new independent directors with North American railroad experience by its annual meeting.
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