CALGARY, May 1, 2014 /CNW/ - Canadian Pacific Railway
(TSX: CP) (NYSE: CP) today announced Gary
F. Colter was elected Chairman of the Company's Board of
Directors. Colter replaces Paul G.
Haggis, who concluded his term as Chairman but will continue
to serve as a director and joins the Audit and Finance Committees.
Both Colter and Haggis have served on the CP Board for two
years.
"It has been my pleasure to have served as Chairman of the new
CP," said Haggis. "I'm delighted that Gary has been elected
chairman, and I know he will continue to provide excellent
leadership for the important work that CP is doing."
Colter is the President of CRS Inc., a corporate strategy and
restructuring firm, which he founded in 2002. He was previously
with KPMG Canada, for 34 years. He led their Canadian and global
financial advisory services practices and retired as vice chairman
in 2002. In addition to CP, Colter is a Director of CIBC,
Owens-Illinois, Core-Mark and Revera. He is a
graduate of the Ivey Business School of the University of Western Ontario, and is a Fellow
Chartered Accountant.
"I am very proud and honoured to be elected by the Board as
Chairman of CP, and on behalf of my fellow board members, I would
like to thank Paul for his strong leadership," said Colter. "The CP
Board remains committed to working with management and the Canadian
Pacific team and all stakeholders, as the company continues to move
forward with its exciting transformational journey."
About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in
Canada and the United States with direct links to eight
major ports, including Vancouver
and Montreal, providing North
American customers a competitive rail service with access to key
markets in every corner of the globe. CP is a low-cost provider
that is growing with its customers, offering a suite of freight
transportation services, logistics solutions and supply chain
expertise. Visit cpr.ca to see the rail advantages of Canadian
Pacific.
SOURCE Canadian Pacific