01—Abstract
Summary
Summary of the 6-K filed December 16, 2011. Cited figures are marked; the original filing is the authoritative source.
Canadian Pacific Railway Limited (CP) announced the appointment of two seasoned railroad executives, Tony L.
Ingram and Edmond L. Harris, to its Board of Directors. This move is framed as strengthening the company's operational expertise as it pursues a strategy to redefine itself as a modern 21st-century transportation company focused on safety, service reliability, and operational efficiency.
Both Ingram and Harris bring decades of experience from major North American railroads, including CSX, Norfolk Southern, and Canadian National. Ingram previously served as Executive Vice President and Chief Operating Officer at CSX, while Harris has held senior operational roles at Canadian National and Illinois Central, and most recently served as Senior Railroad Advisor to Global Infrastructure Partners. Harris also had a recent consulting role with CP focused on rail yard operations.
These appointments are intended to bolster the board's collective knowledge and support CP's strategic direction. The company reiterates its commitment to operational efficiency and reliability, aiming to leverage the extensive experience of its new directors to drive future performance.
02—Key points
Key Highlights
- Canadian Pacific appointed Tony L. Ingram and Edmond L. Harris to its Board of Directors, effective immediately.
- Both new directors are described as seasoned railroad executives with extensive industry experience.
- Tony L. Ingram previously served as Executive Vice President and Chief Operating Officer at CSX Transportation.
- Edmond L. Harris has a long career in railroad operations, including senior roles at Canadian National and as a recent consultant to CP.
- The appointments are intended to enhance the board's operational expertise and support CP's strategic goals.
- CP emphasizes its strategy of redefining the railway through safety, service reliability, and operational efficiency.
03—Questions
Frequently Asked Questions
What is the main purpose of the new director appointments?
The primary purpose of appointing Tony L. Ingram and Edmond L. Harris to the Board of Directors is to inject further railroad expertise and operational knowledge into the company's leadership. This is intended to support Canadian Pacific's strategy of enhancing safety, service reliability, and operational efficiency.
What relevant experience do the new directors bring?
Tony L. Ingram has 38 years of experience, most recently as Executive Vice President and Chief Operating Officer at CSX Transportation, and previously at Norfolk Southern. Edmond L. Harris brings 44 years of experience, including senior operational roles at Canadian National Railway and Illinois Central Railroad, and most recently served as Senior Railroad Advisor to Global Infrastructure Partners.
How do these appointments align with Canadian Pacific's strategy?
These appointments are a direct response to Canadian Pacific's stated strategy of 're-defining the railway as a modern 21st century transportation company built on safety, service reliability and operational efficiency.' The deep operational experience of the new directors is expected to provide valuable guidance in achieving these strategic objectives.
Were there any recent consulting roles for the new directors with CP?
Yes, Edmond L. Harris served as a consultant to Canadian Pacific in 2011 to support the implementation of re-defined rail yard operations processes. His contract expired upon his appointment to the Board of Directors.
04—Continue