Monday, February 04, 2013

CN, CP end litigation over Hunter Harrison

Written by  Luther S. Miller
CN announced Monday that it had settled its differences with CP and its former CEO Hunter Harrison over Harrison's joining CP as CEO. The announcement came as CN Executive Vice-President and Chief Operating Officer, Keith Creel, announced that that he will join CP as its president and chief operating officer.

"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," said CP in a statement.

CP CEO Claude Mongeau said: "We wish Keith success in his new role and are pleased to turn the page with respect to the matter of CP's hiring of CN's former CEO, Hunter Harrison. The settlement arrived at today will allow CN and CP to focus on their respective agendas and create value for their customers and shareholders."