Canadian Pacific Announces the Departure of Mike Franczak

CALGARY, Oct. 1, 2012 /PRNewswire/ – Canadian Pacific Railway (TSX: CP) (NYSE: CP) today announced that Mike Franczak, Executive Vice President and Chief Operations Officer, has resigned from Canadian Pacific, effective today.

Mike joined CP in 1987 and has since advanced through a series of operating positions of increasing accountability and scope across CP’s network.

“I wish to congratulate Mike on his distinguished career and thank him for his 25 years of dedication to CP and its customers,” said CEO E. Hunter Harrison. “Mike served the company well in all areas for which he had responsibility. We wish him success in his future endeavours.”

“I am grateful for the experience and opportunities that CP has afforded me over my long career here,” said Franczak. “I look forward to watching the company’s successful progress long into the future.”

The position of Chief Operations Officer will not be replaced at this time.