DM&E Railroad announces management change
07 Ottobre 2008 - 11:00PM
PR Newswire (US)
CALGARY, Oct. 7 /PRNewswire-FirstCall/ -- Richard Hamlin, Trustee
for CP's acquisition of the DM&E today advised CP of changes to
DM&E's senior management team. Effective immediately, Kevin
Schieffer, President and CEO, has left the company to pursue other
opportunities. Ed Terbell, Chief Operating Officer, and Kurt
Feaster, Chief Financial Officer, will manage the day to day
operations of the railway while the DM&E remains in trust.
"Messrs. Feaster and Terbell and the management team have been
strong performers in managing the DM&E, and its subsidiaries:
Iowa, Chicago & Eastern Railroad and Cedar American Rail
Holdings, and will continue with their duties reporting directly to
me pending CP assuming control of the railway," said Mr. Hamlin. On
September 30, 2008 CP received regulatory approval from the US
Surface Transportation Board to acquire control of the DM&E
Railroad and its subsidiaries. The STB denied all requests for
conditions other than those agreed to voluntarily by CP. Following
a 30-day review period, CP expects to assume control of the
DM&E October 30, 2008. DATASOURCE: Canadian Pacific Railway
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