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STB approves appointment of Ronald L. Batory as KCS Voting Trustee
STB approves appointment of Ronald L. Batory as KCS Voting Trustee Canada NewsWire ...
About this update from Canadian Pacific Kansas City Limited
[{"type":"text","content":"\n \n \n \n STB approves 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 March 4, 2023\n \n \n /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) (\"CP\") today said the U.S. Surface Transportation Board (\"STB\") has approved the appointment of former U.S. Federal Railroad Administration (\"FRA\") Administrator\n \n Ronald L. Batory\n \n as the Trustee of the CP-Kansas City Southern (\"KCS\") Voting Trust, following the death of\n \n David Starling\n \n .\n \n \n 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.\n \n \n 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 \n Forward looking information\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 we believe that FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against placing undue reliance on FLI. By its ...