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Emergency (24/7) US: 800.311.6851
Canada: 866.940.7774

CENTRAL MAINE & QUEBEC RAILWAY Announces Promotions

November 28, 2016

FOR IMMEDIATE RELEASE

November 28, 2016

CENTRAL MAINE & QUEBEC Announces Promotions

BANGOR, Maine--Central Maine & Quebec Railway (CMQ)

(www.cmqrailway.com) is pleased to announce the evolution of

responsibilities of two of its senior leaders. After partnering with

Fortress Investment Group (FIG) in 2014 and leading the

transformation of the former Montreal, Maine & Atlantic Railway to the

CMQ, John E. Giles has elected to transition from the role of president

and chief executive officer and assume the duties of executive chairman,

effective January 1, 2017.

Giles will continue to lead initiatives supporting CMQ’s strategic

positioning for growth and investment, including long-term planning,

market positioning and acquisitions.

Giles and the Fortress team have selected Chief Operating Officer Ryan

Ratledge to succeed Giles as president and CEO.

Ratledge, a 22-year railroad veteran, began his career on the BNSF,

rising quickly through the operating ranks before joining RailAmerica

in 2007. While at RailAmerica, he held a variety of positions that

included: general manager of the Puget Sound and Pacific Railroad;

general manager of the Indiana and Ohio Railway; and vice president -

Midwest Region.

Ratledge joined CMQ in 2014 where he and his team have dedicated

themselves to retaining and developing existing and new business,

while partnering with connecting carriers to optimize routes and

improve pricing and service for CMQ customers.

Ratledge said, "It is a tremendous honor to continue what John began

at CMQ. I am excited to be in this role. CMQ is a great team of talented

people who provide critical services to our customers. I am extremely

encouraged by our business momentum and our future prospects and

look forward to leading CMQ into this next chapter of our success."

Giles said, "The promotion of Ryan as my successor is a natural

progression and is well-deserved. He is a highly capable leader with a

wealth of rail industry experience and will continue to propel the

organization forward. I am confident that Ryan will excel in his new

role and I look forward to continuing to work with him in the years

ahead."

Media contact:

Gaynor Ryan

Central Maine & Quebec Railway

207-848-4352