Canadian National (CNI), Canadian Pacific (CP) Enter Settlement Over CEO Suit

February 4, 2013 8:47 AM EST Send to a Friend
Upon Executive Vice-President and Chief Operating Officer, Keith Creel, announcing that he will join Canadian Pacific Railway Company (NYSE: CP) as its President and Chief Operating Officer, CN (NYSE: CNI) stated today that it had settled its differences with CP and its former CEO Hunter Harrison. The settlement ends the outstanding litigation between CN and CP before the Federal Court in Chicago, Illinois. As part of the settlement, CP has undertaken not to hire certain CN employees until December 31, 2016. Other terms of the settlement remain confidential.

As a leader in the North American rail industry, CN has a deep bench of executive talent and will be announcing shortly a replacement to Keith Creel as Executive Vice-President and Chief Operating Officer.


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