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
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