Release: Immediate January 18, 2017 Keith Creel to Become CEO of Canadian Pacific; E. Hunter Harrison to Retire (January 23rd, 2017)
Calgary, AB Calgary, AB Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced today that Keith Creel will become President and Chief Executive Officer of the company effective January 31, 2017 following E. Hunter Harrisons decision to retire from CP. Mr. Harrison will take vacation leave effective immediately until January 31, 2017, and Mr. Creel will assume the CEOs responsibilities during this period.
THIS SEPARATION AGREEMENT Is Made as of January 18, 2017 (The Agreement) BETWEEN: CANADIAN PACIFIC RAILWAY LIMITED (The Company) - And - RECITALS: (January 23rd, 2017)
NOW, THEREFORE in consideration of the foregoing and the promises and covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged and intending to be legally bound by this Agreement the undersigned agree as follows:
October 18, 2016 Nadeem Velani (978330) 4721 6 Street SW Calgary AB T2S 2N2 Dear Nadeem, (October 24th, 2016)
I am pleased to inform you that the Board of Directors has approved your position as Vice-President and Chief Financial Officer and an increase to your compensation package effective October 18, 2016.
Contract (July 26th, 2016)