Hunter Harrison Appointed As President & CEO of Canadian Pacific

CALGARY, June 29, 2012 /PRNewswire/ - Canadian Pacific Railway (TSX: CP) (NYSE: CP) today announced the appointment of Hunter Harrison as CP's president and chief executive officer and a member of the Board of Directors.

With nearly 50 years of railroad experience, Mr. Harrison previously served as the president and CEO of Canadian National Railway Company ("CN") and, prior  to that, as president & CEO of Illinois Central Railroad ("IC").

"Following a thorough CEO selection process, the Board of Directors has endorsed and appointed Mr. Harrison as CP's president & CEO," said Paul Haggis , CP's chairman of the Board of Directors. "The Board welcomes Mr. Harrison's experience and leadership to  CP. We look forward to benefiting from his strong track record of service reliability, efficient asset utilization, and strategic capital expenditure."

"CP is an incredible franchise with significant market opportunity, solid infrastructure, and innovative and hard-working employees," said Harrison. "I am proud to be working with one of North America's iconic companies and I look forward to quickly getting to know the priorities of CP's customers, shareholders, employees, and the communities served by the railway."

Harrison has received numerous accolades, including North America's Railroader of the Year by Railway Age magazine and CEO of the Year by the Globe and Mail's Report on Business magazine.

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE: CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and  environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.

SOURCE Canadian Pacific