Canadian Pacific Railway (CP.TO) (CP), Canadian Transcontinental rail service provider, Monday announced that Mike Franczak, executive vice president and chief operations officer, has resigned from the company, effective today.
The position of Chief Operations Officer will not be replaced at this time.
Mike joined the company in 1987 and has since been promoted through a series of operating positions of increasing accountability and scope across the company'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 chief executive officer, Hunter Harrison. "Mike served the company well in all areas for which he had responsibility. We wish him success in his future endeavours."
Shares of Canadian Pacific Railway closed at $84.18 up 1.29 cents or 1.56% on the NYSE.
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