CPKC Announces Retirement of Board Chair Isabelle Courville; Vice-Chair Gordon Trafton Appointed Chair of the Board

Rhea-AI Summary

Canadian Pacific Kansas City (TSX: CP, NYSE: CP) announced that Board Chair Isabelle Courville has retired and long‑time director Gordon Trafton, previously Vice-Chair, has been appointed Chair of the Board effective immediately under the board’s succession plan.

Courville joined the board on May 1, 2013, became Chair on May 7, 2019, and oversaw CP’s transformational combination with Kansas City Southern. Trafton has served on the board since January 1, 2017, was named Vice-Chair on January 28, 2026, and brings a 33-year railroad career at CN, Illinois Central and Burlington Northern.

Positive

• Orderly board succession with Chair transition executed under an established succession plan
• Experienced new Chair Gordon Trafton brings 33-year railroad operating and integration background
• Continuity of governance as Trafton has served on CPKC’s board since 2017 and as Vice-Chair since January 2026

Negative

• None.

News Market Reaction – CP

-3.43%

13 alerts

-3.43% Session close to close

$78.09B Market Cap

1.0x Rel. Volume

In the Jul 30 session, CP declined 3.43%, reflecting a moderate negative market reaction. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

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CALGARY, AB, July 29, 2026 /PRNewswire/ -- Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced the retirement of Board of Directors Chair Isabelle Courville and the appointment, in accordance with the Board's succession plan, of long-term board member Gordon Trafton as Chair, effective immediately.  

Ms. Courville, of Montreal, Quebec, joined the Board on May 1, 2013 and has served as Chair since May 7, 2019, when she became the first female to chair the board of a Class 1 railway. During her tenure as Chair, Canadian Pacific (CP) proposed and completed its transformational combination with Kansas City Southern.

"I am extremely proud to have been part of the remarkable history of Canadian Pacific and the creation of CPKC," Ms. Courville said. "It has been an honour to work alongside the company's outstanding management led by Keith Creel and the dedicated Board of Directors during this period of industry-leading growth and transformative change. I wish CPKC ongoing success and am absolutely confident that this team of world-class railroaders will continue setting new standards of excellence and delivering exceptional results for years to come."

As a board member, Ms. Courville chaired the Audit Committee from 2014 to 2016 and also served as Chair of the Management, Resources and Compensation Committee. Ms. Courville, an engineer and a lawyer by training, was active for over 25 years in the energy and telecommunications sectors.

"Isabelle's leadership played a pivotal role in guiding Canadian Pacific and CPKC through historic growth and our transformative journey, especially during the challenging road that ultimately led to CP's successful combination with Kansas City Southern," said CPKC President and CEO Keith Creel. "She will be greatly missed. On behalf of our 20,000-strong CPKC family, I want to express our heartfelt gratitude for her unwavering service and dedication. Looking to the future, with Gordon's strong railroad operating background and exceptional leadership skills, the Board remains in excellent hands. We are excited to forge ahead together as we write the next chapter in CPKC's forever story."

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.

"On behalf of my fellow board members, I thank Isabelle for her outstanding leadership and invaluable contributions, which have been instrumental to the growth and success of CPKC," said Mr. Trafton. "I am honoured to assume this role and look forward to collaborating closely with my fellow board members and our talented management team. Together, we remain steadfast in our commitment to maximizing the value of CPKC for our shareholders, employees, and customers."

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 approximately 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-retirement-of-board-chair-isabelle-courville-vice-chair-gordon-trafton-appointed-chair-of-the-board-302838220.html

SOURCE CPKC

FAQ

What board leadership change did CPKC (CP) announce on July 29, 2026?

CPKC announced the retirement of Board Chair Isabelle Courville and the appointment of Vice-Chair Gordon Trafton as Chair. According to CPKC, the change is effective immediately and follows the board’s succession plan, maintaining continuity in leadership and governance.

Who is Gordon Trafton, the new Board Chair of CPKC (CP)?

Gordon Trafton is a long-time CPKC board member and former Vice-Chair appointed Chair on July 29, 2026. According to CPKC, he has a 33-year railroad career at CN, Illinois Central and Burlington Northern, including senior roles in operations and acquisitions.

When did Isabelle Courville join CPKC’s board and how long did she serve as Chair?

Isabelle Courville joined the CPKC (then CP) board on May 1, 2013 and became Chair on May 7, 2019. According to CPKC, she led the board through CP’s combination with Kansas City Southern and chaired key committees during her tenure.

How does the CPKC (CP) board succession plan relate to Gordon Trafton’s appointment?

Gordon Trafton’s appointment as Chair is described as part of CPKC’s ongoing board succession planning. According to CPKC, he was named Vice-Chair on January 28, 2026, positioning him for a planned transition to Chair upon Isabelle Courville’s retirement.

What experience does the new CPKC (CP) Board Chair bring to shareholders?

The new Chair, Gordon Trafton, brings extensive railroad operating and integration experience from a 33-year industry career. According to CPKC, he held senior roles at Canadian National, including Strategic Acquisitions and Integration and Southern Region leadership, supporting informed board oversight.

Did Isabelle Courville play a role in the CP and Kansas City Southern combination before CPKC (CP) was formed?

Yes. According to CPKC, Isabelle Courville chaired the board during CP’s proposed and completed combination with Kansas City Southern. Her leadership spanned this transformational transaction, contributing to the creation of Canadian Pacific Kansas City as a single North American railway.