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Posted 14 April, 2023

CANADIAN PACIFIC KANSAS CITY LTD/CN appointed new CEO

CEO Change detected for ticker NYSE:CP in a 8-K filed on 14 April, 2023.


  On April 10, 2023, the Company's board of directors approved, subject to the occurrence of the Control Date, the new leadership team, as described on Company's Current Report on Form 8-K filed with the SEC on March 17, 2023, including the appointments of: Keith Creel as President and Chief Executive Officer; Nadeem Velani as Executive Vice-President and Chief Financial Officer; John Brooks as Executive Vice-President and Chief Marketing Officer; and Mark Redd as Executive Vice-President and Chief Operating Officer; and Jeff Ellis as Executive Vice-President Chief Legal Officer and Corporate Secretary; effective as of the Control Date (such named officers, the "Senior Officers").  

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Overview of CANADIAN PACIFIC KANSAS CITY LTD/CN
Transportation/Logistics • Railroads
Canadian Pacific Kansas City Ltd. provides rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001 and is headquartered in Calgary, Canada.
Market Cap
$80.5B
View Company Details
Relevant filing section
ITEM 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


To the extent required by Item 5.02 of Form 8-K, the information set forth in the Introductory Note is incorporated herein by reference.

On April 10, 2023, the Company's board of directors approved, subject to the occurrence of the Control Date, the new leadership team, as described on Company's Current Report on Form 8-K filed with the SEC on March 17, 2023, including the appointments of: Keith Creel as President and Chief Executive Officer; Nadeem Velani as Executive Vice-President and Chief Financial Officer; John Brooks as Executive Vice-President and Chief Marketing Officer; and Mark Redd as Executive Vice-President and Chief Operating Officer; and Jeff Ellis as Executive Vice-President Chief Legal Officer and Corporate Secretary; effective as of the Control Date (such named officers, the "Senior Officers").


The Senior Officers, individually or collectively, do not have direct or indirect material interests in any transaction with the Company that requires disclosure pursuant to Item 404(a) of Regulation S-K, and there are no arrangements or understandings between the Senior Officers, individually or collectively, and any other person pursuant to which Senior Officers, individually or collectively, were selected to serve in their respective office. The Senior Officers are not related to any member of the Board or any executive officer of the Company.

For further information about the Senior Officers, please refer to the information regarding executive officers in Part 1 of the Company's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 24, 2023, under "Information about our Executive Officers", following Item 4. Mine Safety Disclosures.

In connection with the Control Acquisition, the previously announced leadership roles of the Company, and a review of market information Management Resources and Compensation Committee of the Board approved the following adjustments in compensation for the Company's named executive officers, effective as of the Control Date: Messrs. Brooks and Redd received an increase of US$278,000 and US$510,400, respectively to their total target direct compensation, while Mr. Ellis' total target direct compensation increased by CAD$476,778.