Mongeau to Succeed Harrison at Helm of CN

Claude Mongeau has been elected to to succeed E. Hunter Harrison at the end of this year as president and chief executive officer of CN

Mongeau, 47, currently CN's executive vice-president and chief financial officer, has held a series of senior positions since joining the company in 1994.

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.

As executive vice-president and CFO, 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.