CALGARY, Feb. 11, 2015 /PRNewswire/ - Canadian Pacific CP 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 CPCP 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
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.