CPKC Announces Board of Director Appointments

Canadian Pacific Kansas City Limited (“CPKC”) announced the appointment of four new directors to the board of Canadian Pacific Railway Company, a wholly-owned subsidiary of CPKC, effective immediately.

“The addition of these members brings to the board a wide range of professional experience in transportation and logistics across the United States and Mexico,” said Isabelle Courville, Chair of the board of directors of CPKC. “We are delighted to welcome these new board members, and we look forward to their contributions and learning from their previous experience at Kansas City Southern.”

Under the terms of the merger agreement, it was agreed that four Kansas City Southern (“KCS”) directors would join the board of the combined company. The four appointees, all members of the former KCS Board of Directors, are:

• David Garza-Santos, a KCS director since 2016, is a business and community leader in Monterrey, N.L. Mexico providing insight and leadership on the business and political environment across Mexico. He has been chairman and CEO of Maquinaria Diesel SA de CV (MADISA) since 1994.
• Ambassador Antonio Garza (Ret.), a KCS director since 2010, is currently counsel to the law firm of White & Case in Mexico City. He brings strong diplomatic, legal and international business skills to the board developed through his experience as an attorney, and as United States’ Ambassador to Mexico (2002-2009). The Ambassador, a native Texan, formerly served as Chairman of Texas’ Railroad Commission, Texas’ 99th Secretary of State and Cameron County Judge. 
• Henry Maier, a KCS director since 2017, has spent his entire career working in various segments of the transportation industry and has developed a deep skill set in strategy development and execution. He served as president and CEO of FedEx Ground, a subsidiary of FedEx Corp., until his retirement in 2021.  
• Janet Kennedy, first appointed a KCS director in 2017, brings extensive executive leadership experience in business development, strategy, emerging technologies and technological transformation. She served as vice president, North America Regions, Google Cloud at Google, and previously held senior leadership positions at Ernst & Young and Microsoft Corp., including as president of Microsoft Canada.

These four directors will also be nominated for election to the board of CPKC at its Annual General Meeting to be held on June 15, 2023.

Today, Canadian Pacific Railway Limited (“CP”) and KCS combined to create CPKC, the first single-line railway connecting the U.S., Mexico and Canada.

Headquartered in Calgary, Alta., CPKC operates approximately 20,000 miles of rail, employing close to 20,000 people. Full integration of CP and KCS is expected to take part over the next three years, unlocking the benefits of the combination.

About CPKC

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and Mexico, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf of Mexico to Lázaro Cárdenas , Mexico. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

Source: Canadian Pacific Kansas City Limited