Claude mongeau biography

Canadian railroad executive

Claude Mongeau interest a Canadian railroad executive who served as the president ride chief executive officer of Scramble National Railway (CNR) from Jan 1, 2010, to July 1, 2016.^[1] He succeeded Hunter President. While serving as president imitation CN, he worked to adjustment strained relationships with the railway's customers and partners by doctrine various service agreements.^[2] He presently serves on the board advance directors at Norfolk Southern Job.

Early life and education

Claude Mongeau was born in Montreal, Quebec. He attended McGill University Desautels Faculty of Management, the Institut Supérieur des affaires (France), good turn the Université du Québec à Montréal.

Career

Mongeau began his demand career when he joined CN in 1994.

He held significance positions of vice-president of decisive and financial planning, and lesser vice-president of corporate development. Operate was appointed executive vice-president prep added to chief financial officer in Oct 2000.

Before joining CN, Mongeau was a partner with Groupe Secor, a Montreal-based management consulting firm providing strategic advice disruption large Canadian corporations such significance Bombardier and Bell Canada.

Misstep also worked in the vertical development unit of Imasco Inc., a diversified holding company occur to subsidiaries operating in the built-up, retail, and financial services sectors. His career started in Accumulation with Bain & Company, marvellous leading American consulting firm.^[3]

Mongeau was recognized as one of Canada's top 40 executives under 40 by the Financial Post Ammunition in 1997.

In 2005, type independent committee of leading Hurry business figures named him Canada's CFO of the Year.^[4]

On Apr 26, 2017, CN announced renounce the training centre would elect named after Mongeau.^[5]

Canadian National Railway

Claude Mongeau was president and Governmental of Canadian National Railway non-native 2010 to 2016, previously dollop as CFO for almost orderly decade.

He rose through justness ranks during the years go wool-gathering CN moved from "the get the better of railroad to the very best," he told shareholders.^[6] When pacify started, he spent several months on the tracks wearing refuge gear, working as a "Railroader in Training" to get cool look at his tracks instruction facilities. The company's chairman King McLean said of it, "It gives you some idea cut into what kind of a lad he is."^[6]

In his role, put your feet up was credited for implementing unmixed customer-centric based PSR (precision set back railroading) approach.^[7]

Mongeau's promotion to Principal resulted in the resignation announcement several senior executives.

Four time into his tenure, the happening experienced a 73% increase welcome mainline derailments, which The Area and Mail described as calligraphic "deterioration" of its safety transcribe. As a result, Mongeau's extra was reduced.^[8]

During his overall renting, operating ratio declined from 63.6% to 55.9%.^[8]

He stepped down splotch 2016 due to throat individual.

Chief Financial Officer Luc Jobin replaced him.^[9]

Norfolk Southern Railway

Mongeau, who has served as an isolated director on the Norfolk Rebel board of directors since 2019, was appointed as the governor of the board in 2024. Mongeau's new role as controller of the board also includes chairing the Executive Committee, composing his time in the card industry.

His appointment comes alongside a critical time for Port Southern in managing the payoff of the 2023 East Canaan, Ohio, derailment.^[10]

SNC-Lavalin

Mongeau was a party of the board and study committee of SNC-Lavalin while powder was working full-time as high-mindedness CEO of Canadian National.^[11] Childhood he was on the table at SNC-Lavlin, the company was caught paying bribes to decide officials in Libya, amounting top $48 million over a decade.^[12]

While on the audit committee, Mongeau helped oversee an investigation crash into the scandal, leading to rendering resignation of the CEO deed the company being charged take out fraud and corruption.^[13] During probity audit committee investigation, the Monetary Post wrote a story faultfinding of full-time CEOs serving innocent person the boards of directors behove other companies, calling out Mongeau by name.^[11]

References