Canadian Pacific Kansas City (NYSE: CP) elevates Gordon Trafton to board chair
Rhea-AI Filing Summary
Canadian Pacific Kansas City Limited announced that Board Chair Isabelle Courville has retired from the Board, effective July 29, 2026, and that long-time director and Vice-Chair Gordon Trafton has been appointed Chair in accordance with the Board’s succession plan.
The company stated that Courville’s decision was not due to any disagreement regarding operations, policies or practices. Courville joined the Board on May 1, 2013 and became Chair on May 7, 2019. Trafton, a director since January 1, 2017 and former senior executive at Canadian National, will lead a Board overseeing a 20,000-mile, 20,000-employee transnational rail network.
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Class 1 railway technical
Perpetual 4% Consolidated Debenture Stock financial
succession plan financial
single-line transnational railway technical
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FAQ
What leadership change did Canadian Pacific Kansas City (CP) announce on July 29, 2026?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading |
Name of each exchange on which registered | ||
| Common Shares, without par value, of Canadian Pacific Kansas City Limited | CP | Toronto Stock Exchange | ||
| Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company | BC87 | London Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| ITEM 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 29, 2026, Isabelle Courville, Chair of the Board of Directors (the “Board”) of Canadian Pacific Kansas City Limited (the “Company”), notified the Company of her decision to retire from the Board, effective immediately. Ms. Courville’s decision to retire was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
| ITEM 7.01. | Regulation FD Disclosure. |
On July 29, 2026, the Company issued a press release announcing Ms. Courville’s retirement from the Board. A copy of this press release is attached as Exhibit 99.1.
The press release referred to in the paragraph above is furnished herewith as Exhibit No. 99.1 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| ITEM 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Exhibit Description | |
| Exhibit 99.1 | Press Release dated July 29, 2026. | |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: July 29, 2026 | ||||||
| CANADIAN PACIFIC KANSAS CITY LIMITED | ||||||
| By: | /s/ Tyler Robinson | |||||
| Name: | Tyler Robinson | |||||
| Title: | General Counsel & Assistant Corporate Secretary | |||||
Exhibit 99.1
Release: July 29, 2026
CPKC Announces Retirement of Board Chair Isabelle Courville; Vice-Chair Gordon Trafton Appointed Chair of the Board
Calgary – 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,” 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 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
Contacts:
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mediarelations@cpkcr.com
Investment Community
Chris De Bruyn
403-319-3591
investor@cpkcr.com
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