Ackman Ally Leaves Canadian Pacific CEO Job as Creel Ascends

Canadian Pacific Railway Ltd. appointed Keith Creel as chief executive officer to replace Hunter Harrison, who is stepping down earlier than planned after seeking the board’s permission to work for another railroad. The company ended Harrison’s stint at the helm after he approached the board to discuss potential “modifications to his employment arrangements that would allow him to pursue opportunities involving other Class 1 Railroads,” according to a statement Wednesday by the Calgary-based railroad.

Ackman Ally Leaves Canadian Pacific CEO Job as Creel Ascends

Canadian Pacific Railway Ltd. appointed Keith Creel as chief executive officer to replace Hunter Harrison, who is stepping down earlier than planned after seeking the board’s permission to work for another railroad. The company ended Harrison’s stint at the helm after he approached the board to discuss potential “modifications to his employment arrangements that would allow him to pursue opportunities involving other Class 1 Railroads,” according to a statement Wednesday by the Calgary-based railroad.