CALGARY, July 19, 2016 /PRNewswire/ - Canadian
Pacific Railway Limited (TSX: CP) (NYSE: CP) announced that
Anthony R. Melman has resigned from
the Board of Directors of Canadian Pacific Railway Company and
Canadian Pacific Railway Limited, effective close of business
today.
Dr. Melman felt that it was in his best interests for now to
resign from the Board, so that he can assess his legal options
following a recent Tax Court of Canada decision. Dr. Melman stated that he did
not want that matter to become a distraction to CP's ongoing
mission to be the best run and safest railway in North America.
"On behalf of the Board, I want to thank Tony for his
outstanding contribution and thank him for his invaluable service,"
said Andrew F. Reardon, Chairman of
the Board.
Dr. Melman joined the Board in 2012 and was Chair of
the Finance Committee and a member of the Audit Committee.
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