On May 25, CP CEO Fred Green and five other board members resigned from their posts, choosing not to stand for re-election, clearing the way for Pershing Square to place seven candidates on CP's 16-member board.
"David has served this Company well, investing his valuable time, talent and wisdom. The Board wishes to thank him for his many contributions to the Company and wishes him well in his future endeavours," said Paul Haggis, chairman of the still-evolving CP Board. Haggis last week was named chairman of the company.
CP said no plans were being made at this time to fill the vacancy.