Étienne Bourgeois was appointed Vice-President, Treasury and Tax in June 2025. He is responsible for shaping and executing CN’s financial policies, overseeing the company’s capital structure, financial risk management, taxation, and cash management. He also contributes as an internal advisor on financial matters, including mergers and acquisitions (M&A), pension strategies, and real estate optimization.

Étienne has over 20 years of experience in corporate finance, treasury, and taxation. Prior to joining CN, he served as Vice-President, Operations at the Caisse de dépôt et placement du Québec (CDPQ), where he oversaw multi-billion-dollar daily cash flows. Before that, he held senior leadership roles at Ivanhoé Cambridge, including as Vice-President, Integrated Financial Operations and Taxation, and Head of Corporate Finance and Financial Optimization.

Étienne holds a master’s degree in international Tax Law from Thomas Jefferson School of Law in San Diego, CA, and a bachelor’s degree in business administration from HEC Montreal. He is a Chartered Professional Accountant and a member of the Order of CPA Quebec.

Brad Butterwick was appointed Vice-President, Transportation, Western Region in October 2025. With more than 33 years of experience at CN, Brad brings a deep understanding of railway operations and a proven record of leadership across multiple functions.

He began his CN career in Vancouver as a welder before moving into train operations as a conductor. In 2001, he joined management as a Transportation Manager in Vancouver, marking the start of a steady progression through senior operational roles. Brad has since served as Superintendent, General Manager in Edmonton, Chief Mechanical Officer in Chicago, and General Manager in Vancouver.

Known for his strong leadership skills and operational expertise, he is dedicated to advancing CN’s performance and strengthening transportation excellence. Brad holds a Master of Science degree in Transportation and Supply Chain Management from the University of Denver.

Cristina Circelli was appointed Vice-President, Corporate Secretary and General Counsel in September 2022, and is based in Montreal.

Her responsibilities include overseeing corporate governance matters and providing counsel on legal requirements and best practice recommendations to CN’s Board of Directors and Executive Team. She also has oversight of compliance with securities laws in Canada and the United States and disclosure matters, and provides support in financial transactions, pension and human resources matters.

Prior to joining CN in 1994 as General Counsel, Cristina was a partner at Montreal law firm Mackenzie Gervais, where she was involved in general corporate and commercial practice, including mergers and acquisitions and corporate reorganizations, in addition to specializing in institutional and corporate financing.

Ms. Circelli holds Civil and Common Law Degrees from McGill University and has attended the ICD Directors Education Program. She is a past member of the board of directors of the Canadian Investor Relations Institute.

Nick Clark was appointed Vice-President, Mechanical at CN in May 2025. He oversees all aspects of CN’s locomotive and railcar maintenance operations, driving improvements in fleet reliability, safety performance, and operational efficiency to support the Company’s service commitments across North America.

Nick began his career with CN in 2012 as a Management Trainee in Homewood, Illinois. Since then, he has advanced through a series of leadership roles across Transportation and Corporate Strategy, consistently delivering strong results in complex operational environments. Most recently, he served as Vice-President, Transportation for CN’s Southern Region, where he led key initiatives to enhance network fluidity and workforce safety.

A respected operations executive, Nick is known for his sharp strategic acumen and collaborative leadership. His contributions have been instrumental in optimizing critical supply chain operations—ranging from managing the frac sand surge in Wisconsin, to improving automotive logistics and advancing safety performance in the Chicagoland area.

Nick holds a Bachelor of Arts in Political Science from Adrian College in Michigan and a Juris Doctor from Thomas M. Cooley Law School.

JJ Dratva was appointed as Vice-President, Procurement and Supply Management in November 2024. He is responsible for advancing CN’s sustainable procurement practices to deliver long-term value for the organization.

JJ began his career at CN as Director of Supply Management – Fleet Services in 2014. Since then, he has held progressively more senior roles, including Director Procurement Transformation, Senior Director Procurement Strategy and Enablement and, in 2021, he became Assistant Vice-President of Procurement and Supply Management.

JJ holds a Bachelor of Science in Mechanical Engineering from McGill University. He is known for his collaborative approach, strong stakeholder engagement and continuous improvement mindset.

Sandra Ellis was appointed Vice-President, Bulk in December 2022. She is responsible for driving CN’s market expansion and sales activities in the grain, fertilizers, sulphur, coal and petroleum coke businesses to help maximize our contribution to our Bulk customers’ growth and success.

Sandra has worked in the rail sector for over 20 years. Prior to joining CN, she was Director Commercial Development NGL Processing at Inter Pipeline Ltd., where she drove the negotiation of multi-million-dollar railcar purchase and lease agreements, and implemented a new rail/truck transportation team for natural gas liquids (NGLs). She also held several Sales and Marketing management roles at CP for more than 15 years.

Sandra has a Bachelor of Commerce from the University of Saskatchewan.

Mark Grubbs was appointed Vice-President, Safety and Environment at CN in May 2025. He leads the Company’s overall safety and environmental strategy, ensuring regulatory compliance, operational risk management, and the advancement of CN’s sustainability goals. He oversees initiatives that strengthen CN’s safety culture and enhance environmental stewardship across its North American network.

With more than 25 years of experience in the rail industry, Mark has a strong track record of driving safety performance, operational efficiency, and team cohesion. He began his career as a Journeyman Carman and progressed through leadership roles at Class I railroads. Prior to his current role, he served as CN’s Vice-President, Mechanical, where he led improvements in fleet reliability and asset management. He has also held senior positions at BNSF Railway, including Chief Mechanical Officer and Assistant Vice-President.

Mark is widely recognized for his collaborative leadership style and focus on building strong, safety-first teams. He holds an MBA from Texas Christian University and a Bachelor of Science in Organizational Leadership from Purdue University.

Nicole James was appointed Vice-President, Transportation, Southern Region in October 2025. She is based in Homewood, IL.

Nicole has more than 20 years of transportation and operations experience. She has held roles of increasing responsibility at CN, including Vice-President, Transportation Western Region, General Manager, Supply Chain, General Manager, Network Operations, and Director of Mechanical Reliability, where she oversaw rail traffic movement throughout Canada and the US. Before joining CN, Nicole worked at BNSF Railway and held various roles in field operations, including leading large classification terminals, regional crew management and dispatching centers.

Nicole holds a bachelor’s degree in Transportation and Logistics from Iowa State University and a master’s degree in Supply Chain Management from the University of Denver. In June 2023, she was recognized with an International Railway Journal Women in Rail Award.

Derek Lachaine was appointed President of TransX Group of Companies in April 2024.

Derek brings a wealth of experience to this role, having been an integral part of the TransX team since 2001. His journey within the company includes notable achievements in Linehaul operations, before progressing to more senior roles, including Vice-President Truckload Sales and Operations and then as Chief Operating Officer.

Derek holds a Bachelor of Science degree in Bio Systems Engineering and has successfully completed the Advanced Management Program at Harvard University.

TransX is a leading provider of premier integrated transportation services across North America. CN acquired TransX on October 30, 2018.

Kelly Levis was appointed Vice-President, Industrial Products in October 2018, based in Montreal. In this role, she leads the industrial products division, which oversees forest products and metals and minerals markets. Prior to that, she had been Assistant Vice-President, Industrial Products since July 2015.

Kelly joined CN in 1997 after seven years in the pharmaceutical industry. She began her career at CN as a commodity manager in CN’s Petroleum and Chemicals business unit and moved into Sales in January 2000 after being transferred to Chicago. She subsequently served as Director of Sales and Pricing for CN’s international freight forwarding subsidiary CN WorldWide Inc, Director of Supply Chain and Director Sales US.

Kelly holds a MBA from the University of Chicago at Chicago, and a Bachelor of Commerce with a Major in Statistics & Decision Sciences from Concordia University in Montreal.

Marianne Limoges was appointed Vice-President, Financial Planning in February 2025. She oversees CN’s financial strategies to drive performance and long-term value creation.

Prior to her current position, Marianne served as Vice-President of Treasury, where she played a pivotal role in shaping and executing CN’s financial policies. Her portfolio included capital structure optimization, financial risk management, cash management, real estate, and insurance. Her leadership extended to advising on strategic initiatives, including pension fund strategies, and maximizing the value of CN’s real estate assets.

Marianne’s career spans over two decades in financial leadership roles. Before joining CN, she served as Treasurer and Vice-President Investors Relations at Resolute Forest Products, where she led multidisciplinary teams, including the management of a $4 billion pension investment portfolio. Her earlier experience includes twelve years at Otera Capital, a subsidiary of the Caisse de Dépôt et Placement du Québec (CDPQ), where she held various senior finance roles and further honed her expertise in investment and capital markets.

Marianne holds both an MBA and a Bachelor of Finance from HEC Montréal.

Jamie Lockwood was appointed Vice-President, Investor Relations and Special Projects in February 2026, bringing more than 18 years of diverse railway and financial leadership experience to the role. He is based in Montreal, QC.

Jamie leads CN’s engagement with the investment community, ensuring transparent communication of the Company’s strategy, performance, and outlook. He also oversees investor outreach and cultivates strong relationships with investors and analysts.

Jamie has a broad and strategic background of the rail industry, having held multiple senior leadership roles at CN in Strategy, Supply Chain, Engineering and Finance. His past executive appointments include Vice-President, Engineering, Vice-President, Financial Planning, Vice-President, Strategy & Supply Chain, and Vice-President, Strategy. Earlier in his career, he progressed through key positions in Internal Audit, Finance, and Corporate Accounting, consistently recognized for his analytical strength, operational insight, and commitment to improving business processes.

Jamie holds a Bachelor of Commerce in Accountancy (2004) and a Graduate Diploma in Accountancy (2006) from Concordia University in Montreal. He is a member of the Ordre des comptables professionnels agréés du Québec (CPA Québec).

Cassandra Mullee was appointed Vice-President, Network Operations in May 2024 and is based in Edmonton, AB. She is responsible for enhancing network efficiency, ensuring fluid terminal operation and supporting service commitments to drive volume growth.

Cassie has more than 16 years of experience in the railroad industry, at Norfolk Southern Railway in field and network operations, where she advanced into more senior roles, eventually becoming General Manager, Network Operations.

Cassie holds a Bachelor of Science in International Business from the College of Charleston and an MBA from Northwestern University's Kellogg School of Management.

Girish Nair was appointed Vice-President, Multimodal, in December 2023. He is responsible for sustaining and building excellent service to customers through CN’s Multimodal operations.

A dynamic leader, Girish is distinguished by his unwavering commitment to excellence, a keen understanding of market dynamics, and an unrelenting pursuit of providing best-in-class customer service.

Girish started his journey at CN in 2010 as Market Manager. He then advanced to more senior Sales and Marketing roles and became Assistant Vice-President, International Intermodal, Sales and Marketing in 2021. Beyond CN, Girish has left his mark on the global stage in senior sales and marketing roles at COSCO in Dubai, UAE, as well as with GE and Tata Donnelley Ltd. in Mumbai, India.

Girish holds an MBA from the University of Leicester in England and a bachelor’s degree in commerce from the University of Mumbai.

Marc Pavlica was appointed Vice-President, I&T Operations and Technology Enablement in October 2024. He is responsible for architectural direction, technology asset management, and system reliability.

Marc joined CN’s I&T department in 2008 and in 2021, he became Assistant Vice-President, Technology, Enterprise Architecture, and Data Services where he oversaw operational technology systems and led multiple transformation initiatives playing a key role in shaping CN's technology strategy.

Before joining CN, Marc held various IT roles at CGI, Domtar, and Bombardier Aerospace. He also served as an IT security columnist for La Presse, a leading Montreal newspaper.

Buck (Robert) Rogers was appointed Vice-President, Petroleum and Chemicals in April 2019, based in Homewood, IL. He oversees sales and marketing for CN's Petroleum and Chemicals business unit.

Previously, Buck held positions of increasing responsibility in Sales and Marketing including Assistant Vice-President Petroleum and Chemicals, Director of Sales Petroleum and Chemicals, Director of Regional Sales in Corporate Marketing and as a National Account Manager. He most recently served as Senior Director, Mechanical since January 2019.

Buck has been involved in the rail industry for over 25 years gaining experience in both operations and sales. A proud veteran of the United States Air Force, he completed a Master of Science in Transportation from the University of Denver in 2018.

On October 25, 2023, Bruno Roy was appointed President and Chief Executive Officer of the CN Investment Division (the Division), which manages one of the largest corporate pension funds in Canada. He is accountable for all aspects of investment management and organizational oversight to ensure long-term, sustainable performance for CN’s pension plans.

Bruno has over 30 years of experience in investments, capital markets, pensions, derivatives, and risk management. He joined the Division in 2002 and held various positions as an investment manager for 20 years, primarily involved in the investment strategy, private market investments, and fixed income.

His expertise in managing diverse portfolios, navigating complex financial regulations, and implementing innovating investment solutions has earned him a well-deserved reputation in the investment industry. Bruno is a member of the Comité de placements des régimes de retraite de l’Université Laval and a member of the Nunavut Trust Investment Advisory Committee. He holds a Master of Science in Finance from Boston College, a Bachelor's in Business from Bishop’s University in Sherbrooke, QC and is a CFA® charterholder.

James Thompson was appointed Senior Vice-President, Operations in October 2025 and is based in Montreal, QC.

With more than 25 years at CN, James has held several senior operational leadership roles, including Vice-President, Strategy and Special Projects, and Vice-President, Transportation for the Western Region.

He brings deep operational expertise and a strong track record of leadership in large, complex environments. James is known for advancing CN’s safety culture, operational excellence, and service performance.

He is also committed to developing the next generation of leaders through active mentorship and management training. His leadership continues to strengthen CN’s focus on safety, customer service, and sustainable growth across its North American network.

James holds a Master of Science degree in Transportation and Supply Chain Management from the University of Denver.