Torys acted as counsel to CN with a team that included John Emanoilidis, Mike Amm, Philip Symmonds, Omar Wakil, Daniel Masliyah and Rob Prichard (corporate/board advisory).
On January 25, 2022, Canadian National Railway Company (“CN”) announced that it entered into a Resolution Agreement with CIFF Capital and TCI Fund Management (collectively “TCI”).
As part of the agreement, CN and TCI will mutually agree on the appointment of the two future independent directors with railway experience to the Board. TCI agreed to withdraw its requisition for a Special Meeting of Shareholders, previously scheduled to be held on March 22, 2022, and to support the election of all CN Director nominees at the 2022 and 2023 AGMs.
Earlier the same day, CN also announced the appointment of Tracy Robinson as President and Chief Executive Officer and as a member of its Board of Directors, effective February 28, 2022. The earlier announcement also reported the appointment of The Hon. Jean Charest P.C. as an independent Director and Shauneen Bruder as Vice Chair of the Board.
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 19,500-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919.