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CP announces proposed appointment of Ronald L. Batory as KCS Voting Trustee
CP announces proposed appointment of Ronald L. Batory as KCS Voting Trustee Canada News...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n \n \n \n CP announces proposed appointment of Ronald L. Batory as KCS Voting Trustee\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Mar. 1, 2023\n \n \n /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) (\"CP\") today announced that it has proposed for approval by the U.S. Surface Transportation Board (\"STB\") the appointment of former U.S. Federal Railroad Administration (\"FRA\") Administrator\n \n Ronald L. Batory\n \n as the Trustee of the CP-KCS Voting Trust, following the death of\n \n David Starling\n \n .\n \n \n Mr. Batory's appointment would be effective immediately upon the approval of the STB. Mr. Batory has more than 45 years of experience in the railroad industry including time as president of the Belt Railway of\n \n Chicago\n \n and president and chief operating officer of Consolidated Rail Corporation. From 2018 to 2021, Mr. Batory served as FRA administrator.\n \n \n Immediately upon the closing of CP's acquisition of KCS on\n \n Dec. 14, 2021\n \n , the shares of KCS were placed into a Voting Trust with Mr. Starling appointed as the Trustee. Mr. Starling served as the Voting Trustee until his death.\n \n \n The Voting Trust remains in effect until CP exercises control of KCS with the authorization of the STB. Under the Voting Trust, CP and KCS continue to operate as separate companies.\n \n \n \n Forward looking information\n \n \n \n This news release contains certain forward looking statements and forward looking information (collectively, \"FLI\") to provide CP shareholders and potential investors with information about CP, KCS and their respective subsidiaries and affiliates, which FLI may not be appropriate for other purposes. FLI is typically identified by words such as \"anticipate\", \"expect\", \"project\", \"estimate\", \"forecast\", \"plan\", \"intend\", \"will\", \"target\", \"believe\", \"likely\" and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI.\n \n \n Although w...