STB Approves Appointment of Ronald L. Batory as KCS Voting Trustee

Canadian Pacific (“CP”) said the U.S. Surface Transportation Board (“STB”) has approved the appointment of former U.S. Federal Railroad Administration (“FRA”) Administrator Ronald L. Batory as the Trustee of the CP-Kansas City Southern (“KCS”) Voting Trust, following the death of David Starling.

With the STB’s approval Friday, Mr. Batory’s appointment has become effective immediately and he will serve as the Voting Trustee until CP exercises control of KCS with the authorization of the STB. While the Voting Trust is in place, CP and KCS continue to operate as separate companies.

Mr. Batory has more than 45 years of experience in the railroad industry including time as president of the Belt Railway of Chicago and president and chief operating officer of Consolidated Rail Corporation. From 2018 to 2021, Mr. Batory served as FRA administrator.

About Canadian Pacific

Canadian Pacific (TSX: CP) (NYSE: CP) is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP.

Source: Canadian Pacific Railway Limited