Hunter Harrison Departs CP, Apparently Interested in Next Turnaround, Leaves CAD 118 Million Behind
Canadian Pacific announced that CEO Hunter Harrison, age 71, will depart the firm on vacation immediately until his long-time protege and credible successor Keith Creel, 47, assumes the helm Jan. 31. This is about six months earlier than previously indicated, and Harrison will not consult for CP thereafter, because he approached the board to discuss modifications to his postemployment agreement to pursue opportunities involving other Class I railroads. The board agreed to waive his noncompete ob...Canadian National Railway, together with its wholly-owned subsidiaries, is engaged in the rail and related transportation business. Co.'s network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico. Co.'s network and connections to all Class I railroads provide access to all three North American Free Trade Agreement nations. Co. handles and carries cargo, serving exporters, importers, retailers, farmers and manufacturers. Co. is engaged in the movement of a portfolio of goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive.
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