Canadian Pacific finalizes succession plan to replace CEO
Posted July 20, 2016 6:31 am.
Last Updated July 20, 2016 7:41 am.
This article is more than 5 years old.
OMAHA, Neb. – Canadian Pacific has finalized its plan to replace Chief Executive Hunter Harrison when he retires from the railroad next summer.
The Calgary, Alberta-based railroad said Wednesday that it had reached agreements to promote President and Chief Operating Officer Keith Creel to CEO and retain Harrison as a consultant for three years after he retires.
The 71-year-old Harrison came out of retirement to lead Canadian Pacific in 2012 after activist investor Bill Ackman took a large stake in the railroad and forced management changes. Harrison had previously led Canadian National and Illinois Central railroads.
Creel had worked with Harrison at Canadian National. He joined Canadian Pacific in 2013, and has helped lead the railroad’s turnaround.
