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CN Announces Retirement of Chief Financial Officer Ghislain Houle and Appointment of Successor Jamie Lockwood

Canadian National Railway (CNI) appointed Jamie Lockwood to succeed Ghislain Houle as Chief Financial Officer, effective February 1, 2027.

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Canadian National Railway (CNI) appointed Jamie Lockwood to succeed Ghislain Houle as Chief Financial Officer, effective February 1, 2027.

Houle will remain Executive Vice-President and Chief Financial Officer through January 31, 2027, covering CN’s year-end reporting cycle. He will then serve as Strategic Advisor to the President and Chief Executive Officer through March 31, 2027, his final day with the company, after which he will retire. Lockwood, currently Vice-President, Investor Relations and Special Projects, joined CN in 2008 and has held leadership roles across Finance, Strategy, Investor Relations and Operations. His appointment follows a succession planning process.

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MONTREAL, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Canadian National Railway Company (TSX: CNR) (NYSE: CNI) today announced that Ghislain Houle, Executive Vice-President and Chief Financial Officer, will retire from his role effective February 1, 2027. Jamie Lockwood, currently Vice-President, Investor Relations and Special Projects, has been selected to succeed Ghislain as Executive Vice-President and Chief Financial Officer, effective February 1, 2027.

Ghislain will remain Executive Vice-President and Chief Financial Officer through January 31, 2027, ensuring continuity through CN’s year-end reporting cycle. As of February 1, he will serve as Strategic Advisor to the President and Chief Executive Officer to support a smooth and orderly transition through his final day with the company on March 31, 2027, after which he will retire.

Over three decades with CN, Ghislain has held progressively senior leadership roles and made significant contributions to the Company. Since becoming Chief Financial Officer in 2016, he has provided steady financial leadership through periods of significant economic and industry change, helped strengthen CN’s financial foundation and supported the advancement of the Company’s strategic priorities. Throughout his tenure, he has been a trusted member of CN’s executive leadership team and a strong steward of the Company’s financial discipline.

Jamie joined CN in 2008 and has held leadership roles of increasing responsibility across Finance, Strategy, Investor Relations and Operations. This breadth of experience has given him a strong understanding of CN’s business, operations and financial strategy. His appointment follows a comprehensive succession planning process and reflects CN’s focus on developing strong internal talent and ensuring leadership continuity.

“Ghislain has made an exceptional contribution to CN over three decades, and I am deeply grateful for his leadership, sound judgment and commitment to the Company. He leaves a strong foundation, and his continued support through the transition will be invaluable. Jamie is a highly respected leader with deep knowledge of CN and broad experience across our business. I am confident he is the right leader to build on that foundation and help advance our strategy while maintaining the disciplined financial stewardship our shareholders expect.”

– Tracy Robinson, President and Chief Executive Officer, CN

“I am honored to take on the role of Chief Financial Officer and grateful for the opportunity to build on Ghislain’s contributions. I look forward to working with Tracy and the leadership team to continue advancing CN’s strategy, maintaining strong financial discipline and creating long-term value for our shareholders and customers.”

– Jamie Lockwood, Vice-President, Investor Relations and special projects, CN

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts:

MediaInvestment Community
Ashley MichnowskiFrancois Belanger
Senior ManagerSenior Director
Media RelationsInvestor Relations and Sustainability
(438) 596-4329(514) 399-0052
media@cn.cainvestor.relations@cn.ca



FAQ

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When does Jamie Lockwood become CN’s Chief Financial Officer?

Jamie Lockwood becomes Executive Vice-President and Chief Financial Officer on February 1, 2027, succeeding Ghislain Houle. Lockwood currently serves as Vice-President, Investor Relations and Special Projects.

When is CN’s Ghislain Houle retiring?

Ghislain Houle leaves his Chief Financial Officer role effective February 1, 2027, but remains with CN through March 31, 2027, after which he will retire. During that transition period, he will serve as Strategic Advisor to the President and Chief Executive Officer.

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