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TCI Comments on CEO Search Process and Reiterates Urgent Need for Change on Canadian National Board of Directors

TCI Comments on CEO Search Process and Reiterates Urgent Need for Change on Canadian National Board of Directors

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LONDON, Dec. 23, 2021 /PRNewswire/ — Long-term shareholders CIFF Capital UK LP and The Children’s Investment Master Fund, acting by their investment manager TCI Fund Management Limited (CIFF Capital UK LP, The Children’s Investment Master Fund and TCI Fund Management Limited, together, “TCI”), today commented on the CEO search process at Canadian National Railway Company (TSX:CNR)(NYSE:CNI) (“CN” or the “Company”) and reiterated the urgent need for change on the CN Board of Directors.  The full statement from TCI follows: “Given the CN Board’s history of failed CEO appointments, it is not a surprise to us that the Board has failed once again to attract the best candidate for the role.

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