Canadian Pacific announces third departure from board of directors since May - InfoNews

Current Conditions

Clear
-0.7°C

Canadian Pacific announces third departure from board of directors since May

Canadian Pacific Railway locomotives work in the Calgary yard May 16, 2007. THE CANADIAN PRESS/Jeff McIntosh
July 06, 2012 - 8:24 AM

CALGARY - Canadian Pacific Railway (TSX:CP) says Tony Ingram has resigned as a director, the third departure from the CP board since the Calgary-based company's annual meeting in May.

As a result of the departures and the recent addition of Hunter Harrison as director and chief executive officer of the company, the nominees put forward by Pershing Square have a majority on the 14-member board of directors.

Ingram had been a member of two CP board committees — one that oversees safety, environment and operations and one that oversees management resources and compensation.

The company said it didn't intend to fill the vacancy created by Ingram's departure.

News from © The Canadian Press, 2012
The Canadian Press

  • Popular penticton News
View Site in: Desktop | Mobile