CALGARY, Feb. 11, 2015 /PRNewswire/ - Canadian Pacific
(TSX: CP) (NYSE: CP) today announced that Executive Vice President
and Chief Financial Officer Bart
Demosky has decided to leave the company effective
May 31, 2015.
"After careful consideration and much discussion with Hunter,
the Board of Directors and my family, I have decided to step down
as CFO," said Mr. Demosky. "It was a difficult decision to make as
it comes at an exciting time in the evolution of the company, but
it also comes at the right time for me to focus on my family and
other opportunities."
Mr. Demosky has agreed to stay on with CP until May 31, 2015 to assure a smooth transition as the
search for a replacement begins.
"Bart is a key part of the senior management team, well-liked as
an individual and widely respected as a leader and a professional,"
said E. Hunter Harrison, CP's Chief
Executive Officer. "We thank him for his significant contributions
to CP during his time with us and wish him well in his future
endeavors."
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 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