CPKC announces industry veteran Gordon Trafton appointed board vice-chair

Rhea-AI Summary

Canadian Pacific Kansas City (TSX: CP, NYSE: CP) announced board leadership changes on Jan. 28, 2026: Gordon Trafton was appointed vice-chair, Marc Parent was appointed as a director effective Jan. 27, 2026, and Kate Stevenson was nominated to stand for election at the AGM in April 2026.

Mr. Trafton has served on the board since Jan. 1, 2017 and chairs the Risk and Sustainability Committee; Mr. Parent and Ms. Stevenson bring aerospace, finance and governance experience.

Positive

• Gordon Trafton promoted to vice-chair (Jan. 28, 2026)
• Marc Parent added to board effective Jan. 27, 2026
• Kate Stevenson nominated for election at April 2026 AGM
• Trafton chairs Risk and Sustainability Committee

Negative

• No immediate financial guidance or strategic targets accompanying appointments

Key Figures

Board tenure start: Jan. 1, 2017 Railroad career length: 33 years Retirement year: 2010 +5 more

8 metrics

Board tenure start Jan. 1, 2017 Gordon Trafton service on CPKC board

Railroad career length 33 years Gordon Trafton’s career in railroads

Retirement year 2010 Gordon Trafton retirement from Canadian National

VP period 2003 to 2009 Senior VP roles at Canadian National

Board appointment date Jan. 27, 2026 Marc Parent appointed to the board

AGM timing April 2026 Kate Stevenson to stand for election at AGM

CEO tenure 15 years Marc Parent’s tenure as CAE President and CEO

Leadership experience more than three decades Marc Parent’s aerospace leadership experience

Market Reality Check

Price: $71.78 Vol: Volume 1,917,560 vs 20-da...

normal vol

$71.78 Last Close

Volume Volume 1,917,560 vs 20-day average 2,108,419 ahead of governance update. normal

Technical Shares at 72.75, trading below 200-day MA of 75.51 despite incremental board news.

Peers on Argus

CPKC gained 0.28% with mixed peer moves: CNI +0.36%, CSX +0.53%, NSC +0.04%, whi...

CPKC gained 0.28% with mixed peer moves: CNI +0.36%, CSX +0.53%, NSC +0.04%, while UNP -1.04% and WAB -0.12%, suggesting stock-specific governance news rather than a broad rail move.

Historical Context

5 past events · Latest: Jan 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 21	Locomotive investment	Positive	+0.6%	Announced >US$800M Tier 4 locomotive orders to upgrade and expand fleet.
Jan 15	Labor agreements	Positive	+0.4%	Ratified 16 five-year collective bargaining deals covering ~700 U.S. railroaders.
Dec 29	Earnings date set	Neutral	+0.0%	Scheduled Q4 and full-year 2025 earnings release and conference call details.
Dec 23	Community initiative	Positive	-0.0%	Holiday Train raised over $2M and 175,000 lbs of food for food banks.
Dec 19	Industry merger review	Neutral	-0.0%	Commented on UP–NS merger filing and intent to participate in STB process.

Pattern Detected

Recent operational and labor updates have drawn modestly positive price reactions.

Recent Company History

Over the last few months, CPKC has highlighted operational investment, labor stability and industry developments. On Jan. 21, 2026, it announced a >US$800 million Tier 4 locomotive investment, with a slight positive reaction. Earlier, on Jan. 15, 2026, ratification of 16 U.S. collective bargaining agreements covering about 700 employees also coincided with a small gain. A December notice set the Jan. 28, 2026 earnings date, while community-focused Holiday Train results and commentary on the proposed UP–NS merger saw flat to marginal moves. Today’s board succession update fits into this steady, incremental news flow.

Market Pulse Summary

This announcement details CPKC’s board succession planning, elevating a long-tenured rail executive ...

Analysis

This announcement details CPKC’s board succession planning, elevating a long-tenured rail executive to vice-chair and adding leaders with multi-decade experience in aerospace and financial services. In the past six months, news flow has focused on fleet investments, labor stability and industry structure, with modest stock reactions. Investors may track how this refreshed board oversees upcoming earnings, capital deployment and regulatory developments alongside CPKC’s existing operational and financial momentum.

AI-generated analysis. Not financial advice.

Two new members to join the board 

CALGARY, AB, Jan. 28, 2026 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that, as part of its ongoing board succession planning, Gordon Trafton, a current member of the CPKC board, has been appointed vice-chair of the board.

Additionally, CPKC today announced that Marc Parent has been appointed to the board effective Jan. 27, 2026, and that Kate Stevenson has been nominated to stand for election as a director at CPKC's Annual General Meeting of Shareholders in April 2026.

Mr. Trafton, of Naperville, IL., has been a member of the board since Jan. 1, 2017. 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. On CPKC's board, Mr. Trafton chairs the Risk and Sustainability Committee, serves on the Management Resources and Compensation Committee, and previously served on the board's Integration Committee.

"I am honoured to be appointed vice-chair of the board," said Mr. Trafton. "Isabelle Courville has established a legacy of excellence as board chair and I look forward to working closely with her, my fellow board members and our talented management team as we forge ahead together in our commitment to maximizing the value of CPKC for our shareholders, employees and customers."

New board members

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.  

"It is with great excitement that I join CPKC's board," said Mr. Parent. "CPKC plays a vital role in connecting communities and nations while driving economic growth across the continent. I look forward to collaborating with the talented CPKC team to shape the company's next phase of growth and success."

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.

"It is an honour to be nominated to join CPKC, a company critical to our supply chain and vital to our North American economy," said Ms. Stevenson. "I am excited at the prospect of bringing my perspective and expertise to the board to advance the company's remarkable success."

About CPKC

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

View original content to download multimedia:https://www.prnewswire.com/news-releases/cpkc-announces-industry-veteran-gordon-trafton-appointed-board-vice-chair-302673177.html

SOURCE CPKC

FAQ

Who is Gordon Trafton and what is his new role at CPKC (CP)?

Gordon Trafton was appointed vice-chair of CPKC's board on Jan. 28, 2026. According to CPKC, he has served on the board since Jan. 1, 2017 and chairs the Risk and Sustainability Committee, bringing 33 years of railroad experience.

When did Marc Parent join the CPKC (CP) board and what is his background?

Marc Parent was appointed to the board effective Jan. 27, 2026. According to CPKC, he is a former long‑time CEO in aerospace, led CAE for 15 years, and brings executive and director experience to the board.

Is Kate Stevenson already a CPKC (CP) director or nominated for election?

Kate Stevenson has been nominated to stand for election as a director at CPKC's April 2026 AGM. According to CPKC, she currently chairs the board of CIBC and has extensive governance and financial executive experience.

Does the board change at CPKC (CP) include any changes to committees or responsibilities?

Yes; Gordon Trafton will serve as vice‑chair and currently chairs the Risk and Sustainability Committee. According to CPKC, he also serves on the Management Resources and Compensation Committee.

How might the Jan. 2026 board appointments affect CPKC (CP) governance?

The appointments add experienced directors and a vice‑chair to strengthen governance continuity. According to CPKC, the new members bring aerospace, finance and railway operations experience to the board.

When will shareholders vote on Kate Stevenson joining the CPKC (CP) board?

Shareholders are expected to vote on Kate Stevenson's nomination at the company's April 2026 Annual General Meeting. According to CPKC, she has been nominated to stand for election at that AGM.