The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Canadian Pacific announces the appointment of Bart Demosky as Executive Vice-President and Chief Financial Officer

Friday, November 29, 2013

Canadian Pacific announces the appointment of Bart Demosky as Executive Vice-President and Chief Financial Officer

07:30 EST Friday, November 29, 2013

CALGARY, Nov. 29, 2013 /CNW/ - Canadian Pacific (TSX:CP) (NYSE:CP) today announced that Bart Demosky has been appointed Executive Vice-President and Chief Financial Officer (CFO) effective December 28, 2013.  On October 23, 2013, CP announced that Brian Grassby would retire as the company's Senior Vice-President and Chief Financial Officer at year-end.

Demosky joins CP from Suncor Energy where he had been Chief Financial Officer since 2009.  His career at Suncor began in 2006 when he was appointed vice president and treasurer.  In 2008 Demosky was appointed Senior Vice-President Business Services. Demosky brings to CP over 25 years of senior financial, strategic, operations and risk management experience.

"Our search for a new CFO began when Brian informed us of his decision to retire at the end of the year," said E. Hunter Harrison, CP's Chief Executive Officer. "This was the most comprehensive North American CFO search process in my career, as management and the Board recognized the importance of bringing in someone with the breadth of business experience and financial talent required to help lead this organization forward.  In Bart Demosky, we believe we have found that individual.  Bart is arguably one of the top CFO's in Canadian business and we are thrilled that he will be joining our team."

"I would also like to thank Brian for his years of dedicated service to CP and wish him all the best in retirement," added Harrison.

"The transformation of CP, one of Canada's most iconic organizations, is without question one of the most successful turnaround stories in Canadian history," said Demosky.  "I am honoured and excited by this opportunity to work along-side Hunter Harrison and the CP team and lead the finance organization as we continue the incredible progress that has already begun."

As CP's executive vice-president and CFO, Demosky will be a key member of the senior management team responsible for helping plan the long-term strategic direction of the company.  Other responsibilities will include financial planning, reporting and accounting systems as well as pension, treasury and tax. Demosky holds a bachelor's degree in economics from the University of Calgary and is an honours graduate from the University of Calgary's Management Development Program.

About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is a low-cost provider that 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 Canadian Pacific.

SOURCE Canadian Pacific

For further information:

Contacts: 
Media 
Ed Greenberg
Tel.:  612-849-4717
24/7 Media Pager: 855-242-3674
email: Ed_greenberg@cpr.ca 

Investment Community 
Nadeem Velani
Tel.: 403-319-3591
email: investor@cpr.ca

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections