Canadian Pacific Railway Ltd. (CP) Thursday said it elevated chief operating officer Kathryn McQuade to the position of executive vice president and chief financial officer, effective immediately. McQuade replaces Mike Lambert, who has resigned to pursue other interests.
McQuade was with Calgary-based Canadian Pacific Railway since 2007 as executive vice president and chief operating officer. Previously, McQuade was executive vice president - planning and chief information officer at Norfolk Southern.
The company noted that McQuade would also retain responsibility of business information services and strategic sourcing group.
The company also said that Brock Winter would return to the role of senior vice president - operations once he has concluded the previously announced review of productivity and efficiency.
CP is currently trading at $58.69, down $1.76 or 2.91%, on the NYSE.
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