CALGARY, July 3, 2015 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced that, for personal reasons, Stephen Tobias has resigned from the Board of Directors of Canadian Pacific Railway Limited and Canadian Pacific Railway Company, effective June 29, 2015. Mr. Tobias joined the board in May, 2012.
As Interim Chief Executive Officer, Mr. Tobias helped steer CP's board and management transformation from May 17, 2012 until the appointment of E. Hunter Harrison on June 28, 2012. Mr. Tobias was also Chair of the Safety, Operations and Environment Committee from June, 2012 until May, 2015 and served on CP's Management Resources and Compensation, and Corporate Governance and Nominating Committees.
"Steve's vast railroad knowledge, experience and integrity have been invaluable to the board over the last three years," said Gary Colter, Chairman of the Board. "The board wishes to thank him for his significant contribution to CP's success and wishes him well in his future endeavours."
At this time the Board does not intend to fill the vacancy created by Mr. Tobias' departure.
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SOURCE Canadian Pacific