Stephen Tobias steps down from Canadian Pacific's Board of Directors

Jul 03, 2015, 16:50 ET from Canadian Pacific

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.

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 growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit to see the rail advantages of Canadian Pacific.

SOURCE Canadian Pacific