CALGARY, July 3, 2015 /PRNewswire/ - Canadian Pacific
Railway Limited (TSX: CP) (NYSE: CP) announced that, for personal
reasons, Stephen Tobias has resigned
from the Board of Directors of Canadian Pacific Railway Limited and
Canadian Pacific Railway Company, effective June 29, 2015. Mr. Tobias joined the board in
May, 2012.
As Interim Chief Executive Officer, Mr. Tobias helped steer CP's
board and management transformation from May
17, 2012 until the appointment of E.
Hunter Harrison on June 28,
2012. Mr. Tobias was also Chair of the Safety, Operations
and Environment Committee from June, 2012 until May, 2015 and
served on CP's Management Resources and Compensation, and Corporate
Governance and Nominating Committees.
"Steve's vast railroad knowledge, experience and integrity have
been invaluable to the board over the last three years," said
Gary Colter, Chairman of the Board.
"The board wishes to thank him for his significant contribution to
CP's success and wishes him well in his future endeavours."
At this time the Board does not intend to fill the vacancy
created by Mr. Tobias' departure.
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