Canadian Pacific Railway CP

Canadian Pacific Kansas City today announced the appointment, in accordance with the Board's succession plan, of long-term board member Gordon Trafton as Chair, effective immediately. Mr. Trafton, of Naperville, IL, has been a member of the Board since Jan. 1, 2017, and was appointed Vice-Chair of the Board on January 28, 2026, as part of the Board's ongoing succession planning. He retired in 2010 from Canadian National (CN), completing a 33-year railroad career that included time at CN, Illinois Central and Burlington Northern Railroad. From 2003 to 2009, he successively served as Senior Vice-President Strategic Acquisitions and Integration and as Senior Vice-President, Southern Region at CN. Prior to that, Mr. Trafton worked as CN's Vice President, Operations Integration.

Ms. Arpin is Senior Vice-President and CIO at CPKC. Previous to this appointment, she was the Company's first Vice-President Innovation & Business Transformation, a portfolio she retains in her current role, including oversight of the Company's Network Service Centre. Ms. Arpin has navigated an extensive and varied career at the Company, and has 20-plus years of experience covering a wide range of areas including commercial, operations, finance, and customer service roles. She was named the 2019 Railway Woman of the Year by the League of Railway Women and was named one of Canada's Most Powerful Women: Top 100 by the Women's Executive Network that same year. Ms. Arpin holds a Bachelor of Commerce from the University of Saskatchewan.

Mr. Foran is Senior Vice-President, Network and Capacity Management at CPKC. In this role, Mr. Foran is responsible for guiding the use of company assets to align with corporate objectives to drive strategic, sustainable growth. Previously, Mr. Foran served as Vice-President, Market Strategy and Asset Management at the Company from May 2017. During his more than 28 years at the Company, Mr. Foran has worked in operations, business development, marketing and general management. Mr. Foran holds an Executive MBA from the Ivey School of Business at Western University and a Bachelor of Commerce from the University of Calgary.

Mr. Redd is Executive Vice-President and COO of CPKC, bringing considerable leadership experience in rail operations and safety excellence to the role. Mr. Redd oversees the 24/7 operations of CPKC's North American network, including teams responsible for network transportation, operations, mechanical, engineering, training and safety. Previously, Mr. Redd served as Executive Vice-President Operations of the Company from September 2019. He joined the Company in October 2013 as General Manager Operations U.S. West and has held various leadership positions. In April 2016, he became Vice-President Operations Western Region and in February 2017, he became Senior Vice-President Operations Western Region. Previous to these roles, Mr. Redd worked for over 20 years at KCS where he held a variety of leadership positions in network and field operations, including Vice-President Transportation where he oversaw key operating functions in the U.S. and Mexico. Mr. Redd holds Bachelor's and Master's degrees of science in management from the University of Phoenix and an Executive MBA from the University of Missouri - Kansas City.

Mr. Pitz is Senior Vice-President and Chief Risk Officer (CRO) at CPKC. In his role, Mr. Pitz is responsible for risk management, police services, environmental risk and forensic audit investigations. Previously, Mr. Pitz served as Senior Vice-President and CRO of the Company from October 2017. He also served as the Vice-President and CRO of the Company from October 2014 to October 2017, and the Vice-President, Security and Risk Management of the Company from April 2014 to October 2014. Prior to joining the Company, Mr. Pitz was retired from March 2012 to April 2014, and Vice-President, Risk Mitigation of CN from September 2003 to March 2012. Mr. Pitz, a Vietnam War veteran and former Federal Bureau of Investigation special agent, is a 50-year career professional who has directed strategic and operational risk mitigation, security and crisis management functions for companies operating in a wide range of fields, including defence, logistics and transportation.

Henry Maier, previously a Kansas City Southern director since 2017, brings experience in the areas of senior executive leadership, accounting & financial literacy, executive compensation/human resources, transportation industry knowledge, governance, government/regulatory affairs and legal, risk management, sales and marketing and strategic oversight. As the former President and Chief Executive Officer of FedEx Ground, Mr. Maier developed a deep and strong skill set relating to strategy development and execution. Mr. Maier held various other senior executive roles in the areas of marketing, communications and strategic planning. Mr. Maier's executive leadership skills strengthens the Board's ability to oversee the execution of CPKC's strategy, including fostering a culture that demands performance excellence. In addition, Mr. Maier has spent his entire career working in various segments of the transportation industry, giving him tremendous insight into the many areas important at CPKC. He holds a Bachelor of Arts in Economics from the University of Michigan.

Mr. Clements is Executive Vice-President, Strategic Planning and Corporate Services at CPKC. Mr. Clements has responsibilities that include the Company's strategic government relations and communications functions as well as leadership of CPKC's ongoing multi-year integration and change management efforts and operations technology. Previously, Mr. Clements served as Senior Vice-President, Strategic Planning and Technology Transformation at the Company from September 2019. Before this appointment, he was the Vice-President, Strategic Planning and Transportation Services of the Company from 2014. Mr. Clements has more than 30 years' experience at the Company, enabling an extensive understanding of the Company's customers, processes, systems, and leadership of CP-KCS integration planning. His previous experience and leadership roles cover a wide range of areas of the Company's business, including car management, finance, logistics, grain marketing and sales in both Canada and the U.S., as well as marketing and sales responsibilities for various other lines of business. Mr. Clements holds an MBA in finance/international business from McGill University and a Bachelor of Science in computer science and mathematics from McMaster University.

Mr. Brooks is Executive Vice-President and Chief Marketing Officer (CMO) of CPKC. Mr. Brooks is responsible for CPKC's business units and leads a group of highly capable sales and marketing professionals across North America. Mr. Brooks is also responsible for strengthening partnerships with existing customers, generating new opportunities for growth, enhancing the value of the Company's service offerings and developing strategies to optimize CPKC's book of business. Previously, Mr. Brooks served as Executive Vice-President and CMO of the Company from February 2019. He worked in senior marketing roles at the Company after joining in 2007, including past experience as Senior Vice-President and CMO and Vice-President, Marketing - Bulk and Intermodal. Mr. Brooks began his railroading career with Union Pacific Corporation and later helped start I&M Rail Link, LLC, which was purchased by DM&E in 2002. Mr. Brooks was Vice-President, Marketing at DM&E prior to it being acquired by the Company in 2007. With more than 25 years in the railroading business, Mr. Brooks brings a breadth of experience to the CMO role that is pivotal to the Company's continued and future success. Mr. Brooks holds a Bachelor of Arts in finance from the University of Northern Iowa and a minor in real estate finance and completed the Advanced Management Program at Harvard Business School.

Mr. Creel became the first President and CEO of CPKC on April 14, 2023. Mr. Creel previously served as President and CEO of the Company from January 31, 2017 to April 13, 2023. He was appointed the Company's President and Chief Operating Officer (COO) in February 2013 and joined the Company's Board of Directors in May of 2015. Under Mr. Creel's leadership, the Company has achieved industry-leading safety performance and delivered more efficient ways to connect customers to domestic and global markets, playing a prominent role in connecting communities across North America. Prior to joining the Company, Mr. Creel was Executive Vice-President and COO at Canadian National Railway Limited (CN) from January 2010 to February 2013. During his time at CN, Mr. Creel held various positions including Executive Vice-President, Operations, Senior Vice-President Eastern Region, Senior Vice-President Western Region, and Vice-President of the Prairie Division. Mr. Creel began his railroad career at Burlington Northern Railway in 1992 as an intermodal ramp manager in Birmingham, Alabama. He also spent part of his career at Grand Trunk Western Railroad as a superintendent and general manager, and at Illinois Central Railroad as a trainmaster and director of corridor operations, prior to its merger with CN in 1999. Mr. Creel holds a Bachelor of Science in marketing from Jacksonville State University and completed the Advanced Management Program at Harvard Business School.

Janet Kennedy, previously a Kansas City Southern director since 2019, brings experience in senior executive leadership, accounting & financial literacy, accounting & financial expertise, executive compensation/human resources, transportation industry knowledge, governance, government/regulatory affairs and legal, risk management, sales and marketing and strategic oversight. Ms. Kennedy, as former VP, North America Regions of Google Cloud at Google, focused on helping clients to leverage disruptive thinking and emerging technologies to develop and execute their digital transformation strategies. In her role as US Digital Transformation for Microsoft Corp., Ms. Kennedy was responsible for both internal and external digital transformations for Microsoft's customers and partners. Together with Ms. Kennedy's valuable executive leadership skills and extensive experience in compensation, business development and strategy, the experience and insights she has from these roles provide her with a unique and valuable perspective to help CPKC in this new digital age. She has a Bachelors of Science in Industrial Management/Industrial Engineering from the Purdue University Daniels School of Business and an MBA from Queens University of Charlotte.

Ms. Albiston is Senior Vice-President and Chief Human Resources Officer at CPKC. Ms. Albiston is responsible for leading the Company's Human Resources function across North America, including in the areas of talent management, recruitment, total rewards, occupational health and leadership development. Ms. Albiston also oversees the management of the Company's pension plans, which include the Company's defined benefit pension plan, one of the oldest and largest corporate pension plans in Canada. During her nearly 20 year career at the Company, Ms. Albiston has held a number of leadership roles, most recently as Vice-President Capital Markets where she acted as the primary point of contact for the financial community with oversight for the investor relations, treasury and pension functions. Ms. Albiston holds a Bachelor of Commerce from the University of Alberta.

Edward R. Hamberger, Business Experience: President and Chief Executive Officer, Association of American Railroads (1998 to 2019), Served as Assistant Secretary for governmental affairs at the U.S. Department of Transportation (1987 to 1989). Other Experience- Other Boards - Current- Transportation Institute, University of Denver (2002 to present). Other Boards - Past- Business Advisory Committee, Kellogg School of Management, Northwestern University (2000 to 2019), TTCI (Chair of the Board) (1998 to 2019), Railinc Corporation (1998 to 2019), Mineta Transportation Institute, San Jose State University (2005 to 2019), Baker Donelson, Management Committee (1989 to 1998). Education- Juris Doctor, Georgetown University, Master of Science, Foreign Service, Georgetown University, Bachelor of Science, Foreign Service, Georgetown University.

On September 17, 2024, the Board of Directors of Canadian Pacific Kansas City Limited appointed Arturo Gutierrez Hernandez to the Board, effective as of November 1, 2024. Mr. Gutierrez, of Monterrey, Mexico, has been the chief executive officer of Arca Continental, the second largest Coca-Cola bottler in Latin America, since January 2019. Prior to being named CEO at Arca, Mr. Gutierrez served as deputy chief executive officer and previously held several company positions over the last 23 years, including chief operating officer, director for the Mexico Beverages Division, along with leadership positions in Human Resources, Planning, and Legal. Mr. Gutierrez holds a Law Degree from the Escuela Libre de Derecho and a Master's Degree in Law from Harvard University.

Mr. Oscar Augusto Del Cueto Cuevas is the President and the Executive Representative of CPKCM. Mr. Del Cueto has more than 30 years of experience in the railway industry. Mr. Del Cueto joined KCS de Mexico in 2006 where he served in numerous roles including Director of Mechanical, Director of Transportation, General Superintendent of Transportation and Vice President and General Director. In August 2020, Mr. Del Cueto was also appointed as President of the Mexican Association of Railways after serving as Chairman of the Operations and Security Committee for five years. He is on the Board of Directors of the Railway and Terminal del Valle de Mexico, (Ferrovalle) and a full member of the Steering Committee of the Ferrovalle railway terminal. He is also a member of the Mexican Council of Foreign Trade of the Northeast and in January 2021, he was appointed to the Board of the American Chamber of Commerce of Mexico. Mr. Del Cueto holds a Bachelor's degree in communications and an MBA in business administration from the University of Monterrey. Additionally, he received a Certificate in the Management Rail Program from the University of Michigan. He is fluent in Spanish and English.

The Honourable John R. Baird, Business Experience: Senior Advisor at the law firm of Bennett Jones LLP and Eurasia Group (a geopolitical risk consultancy) (2015 to present),Member of the International Advisory Board, Barrick Gold Corporation (2015 to present). Current Public Company Board Experience: Osisko Gold Royalties Ltd. (2020 to present)- Chair of Governance and Nomination Committee and Member of Environmental and Sustainability Committee. Canfor/Canfor Pulp (CPPI) (2016 to present)- Chair of the Board. Other Experience- Other Boards - Current- FWD Group Ltd./FWD Ltd. (2015 to present) (member of Audit Committee and Risk Management and Actuarial Committee), PineBridge Investments (2015 to present). Other experience- Served as Canadian Foreign Minister, Minister of Transport and Infrastructure, Minister of the Environment, and President of the Treasury Board during his three terms as a Member of the Canadian Parliament (2006 to 2015), Appointed to the Privy Council in 2006, Former Minister of Community and Social Services and Minister of Energy in Ontario provincial legislature, Senior Advisor to Community Living Ontario, an organization that supports individuals with developmental disabilities, Advisory Board member to Prince's Charities Canada, the charitable office of His Royal Highness, The Prince of Wales. Education- Honours Bachelor of Arts (Political Studies), Queen's University.

Kate Stevenson has been nominated to stand for election as a director at CPKC's Annual General Meeting of Shareholders in April 2026. Ms. Stevenson, of Toronto, has extensive corporate governance experience, having served on numerous public company and not-for-profit boards in Canada and the United States over the past two decades. With experience as a financial executive in the telecommunications and banking sectors, Ms. Stevenson is currently Chair of the Board of Directors of CIBC.

On January 27, 2026, the Board of Directors of Canadian Pacific Kansas City Limited appointed Marc Parent to the Board, effective as of January 27, 2026. Mr. Parent, of Montreal, is a seasoned chief executive officer and corporate director with more than three decades of leadership experience in the aerospace industry. Throughout his 15-year tenure as President and CEO of CAE, Mr. Parent grew the company into the undisputed leader in global aviation training and simulation. His transformative work has garnered numerous accolades, including appointment to the Order of Canada, the country's highest civilian honour.

Gillian H. Denham, Business Experience: Vice-Chair, Retail Markets for Canadian Imperial Bank of Commerce (CIBC) (2001 to 2005), Previously held senior positions at CIBC Wood Gundy and CIBC, including: Managing Director, Head of Commercial Banking and E-Commerce, President of Merchant Banking/Private Equity and Managing Director, Head responsible for CIBC's European Operations. Current Public Company Board Experience: Lifeworks Inc. (2008 to present),Chair of the Board. Kinaxis Inc. (2016 to present)- Chair of Compensation Committee and Member of the Audit Committee and the Nominating and Governance Committee. Canaccord Genuity (2020 to present)- Lead Director. Past Public Company Board Experience: National Bank of Canada (2010 to 2020), IHS Markit Ltd. (2014 to 2016), Penn West Petroleum Ltd. (2012 to 2016), Calloway Real Estate Investment Trust (2011 to 2012). Other Experience- Other Boards - Centre for Addiction and Mental Health (CAMH) (2015 to 2019), Ontario Teachers' Pension Plan (2007 to 2010). Education- Honours Business Administration (HBA) degree, Ivey Business School, Western University, MBA, Harvard Business School.

David Garza-Santos, previously a Kansas City Southern director since 2016, is a business and community leader in Monterrey bringing experience in the areas of senior executive leadership, accounting and financial expertise, executive compensation, governance, government/regulatory affairs and legal, risk management and strategic oversight. As Chairman and Chief Executive Officer of MADISA, Mr. Garza-Santos has experience in all phases of leading a company. Mr. Garza-Santos also sits on the board of directors of Promotora Ambiental, S.A.B. de C.V., a publicly-traded waste management services company based out of Monterrey, Mexico. Mr. Garza-Santos is a recognized leader in Monterrey, which will provide CPKC with additional insight and leadership on the business and political environment both regionally in Monterrey as well as nationally across Mexico. He holds an undergraduate degree from the Instituto Technologico y de Estudios Superiores de Monterrey.