CALGARY—Canadian Pacific today announced that executive vice-president and chief financial officer Bart Demosky has decided to leave the company as of May 2015.
“After careful consideration and much discussion with Hunter, the Board of Directors and my family, I have decided to step down as CFO,” said Mr. Demosky. “It was a difficult decision to make as it comes at an exciting time in the evolution of the company, but it also comes at the right time for me to focus on my family and other opportunities.”
Mr. Demosky has agreed to stay on with CP until the end of May to assure a smooth transition as the search for a replacement begins.
“Bart is a key part of the senior management team, well-liked as an individual and widely respected as a leader and a professional,” said E. Hunter Harrison, CP’s Chief Executive Officer. “We thank him for his significant contributions to CP during his time with us and wish him well in his future endeavors.”