CP Sets Date for Combination with KCS, Announces CPKC Executive Leadership Team

Canadian Pacific (“CP”) said today that, on April 14, 2023, it will exercise the authority granted by the U.S. Surface Transportation Board’s (“STB”) March 15 final decision and combine with Kansas City Southern (“KCS”) to create Canadian Pacific Kansas City, the first and only single-line railway connecting the U.S., Mexico and Canada. CP today also announced the executive leadership team that will lead CPKC.

As previously announced, Mr. Creel will become President and CEO of CPKC. The following are the anticipated future senior leaders of CPKC, subject to formal appointment by the board of directors, with the executives listed below reporting to the president and CEO:

Nadeem Velani, Executive Vice-President and Chief Financial Officer
John Brooks, Executive Vice-President and Chief Marketing Officer
Mark Redd, Executive Vice-President and Chief Operating Officer
John Orr, Executive Vice-President and Chief Transformation Officer
James Clements, Executive Vice-President Strategic Planning & Technology
Jeff Ellis, Executive Vice-President Chief Legal Officer and Corporate Secretary
Warren Erdman, Executive Advisor Strategic Projects
Laird Pitz, Senior Vice-President and Chief Risk Officer
Mike Foran, Senior Vice-President Network & Capacity Management
Chad Rolstad, Vice-President of Human Resources and Chief Culture Officer
Oscar Augusto Del Cueto Cuevas, KCSM President, General Manager and Executive Representative

Pat Ottensmeyer, KCS President and CEO, has agreed to continue to be an advisor to Mr. Creel through the remainder of 2023 to ensure continuity on key initiatives predominantly involving the combined company and Mexico.

Headquartered in Calgary, Alta., Canada, CPKC will be the first railway connecting North America. While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company will have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people. Full integration of CP and KCS is expected to happen over the next three years, unlocking the benefits of the combination.

-via Press Release