CPKC EVP John Orr departs to join Norfolk Southern; CPKC receives $25M waiver fee

CANADIAN PACIFIC KANSAS CITY LTD/CN

John Orr resigned as EVP and Chief Transformation Officer effective March 19, 2024 to become COO of Norfolk Southern.
CPKC waived non-competition provisions in exchange for $25M cash from Norfolk Southern.
Norfolk Southern agreed not to solicit 5 CPKC employees for 2 years and not to hire 3 employees for 18 months.
Parties reached commercial and operational agreements on Meridian Speedway and Meridian Terminal related to MNBR acquisition.
Chief Transformation Officer role will not be replaced; portfolio integrated into existing operational structure.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John Orr

Executive Vice-President and Chief Transformation Officer

CP · CANADIAN PACIFIC KANSAS CITY LTD/CN

Effective: 2024-03-19
Filed: March 21, 2024, 7:59 PM ET

Effective as of March 19, 2024 (the “ Separation Date ”), John Orr resigned from his position as Executive Vice-President and Chief Transformation Officer of Canadian Pacific Kansas City Limited (the “ Corporation ”) in order to commence employment with Norfolk Southern Corporation

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Orr resigned as Executive Vice-President and Chief Transformation Officer at CANADIAN PACIFIC KANSAS CITY LTD/CN.

Action: resigned
Role: Executive Vice-President and Chief Transformation Officer

Exact text from the filing

Effective as of March 19, 2024 (the “ Separation Date ”), John Orr resigned from his position as Executive Vice-President and Chief Transformation Officer of Canadian Pacific Kansas City Limited (the “ Corporation ”) in order to commence employment with Norfolk Southern Corporation

View on SEC.gov

CANADIAN PACIFIC KANSAS CITY LTD/CN filing history →

Source: SEC EDGAR

accession 0001193125-24-073051

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.