Canadian Pacific Appoints Hunter Harrison as CEO – ValueWalk Premium

Canadian Pacific Appoints Hunter Harrison as CEO

 

An activist shareholder has had his say at Canadian Pacific Railway Limited (NYSE:CP) (TSE:CNR) and installed a handpicked CEO to turn things around at the railroad.

CP’s largest shareholder, Bill Ackman of Pershing Capital Management LP, won a proxy battle six weeks ago to nominate seven nominees to the company’s board. The board named Hunter Harrison, 67, previously of the Canadian National Railway (NYSE:CP), as CEO.

Harrison’s obvious remit is to turn around CP, and has accepted the . . .

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