Canadian Pacific Railway Limited (CP) (TSX: CP) (NYSE: CP) is deeply saddened to learn of the passing of former executive and board member William R. (Bill) Fatt.
"Bill Fatt was a consummate business leader, with the background, financial knowledge and overall gravitas to take on big challenges and turn them into successes," said Keith Creel, CP President and Chief Executive Officer. "He was not afraid to take risks and learn from his successes and mistakes. Bill's advice and counsel were invaluable to so many and he will be sincerely missed."
Mr. Fatt joined the CP board in September 2016. He served as Chair of the Finance Committee and a member of the Audit Committee before resigning for health reasons in November 2017. Earlier in his career, he served as CP's Chief Financial Officer before taking the helm of Canadian Pacific Hotels and eventually moving the company's properties to the Fairmont Hotels & Resorts banner.
"As Chief Financial Officer at CP, Chairman and Chief Executive Officer at Canadian Pacific Hotels, and a board member at CP, Mr. Fatt made significant contributions to businesses that continue to impact many people," said Isabelle Courville, Chair of CP's Board of Directors. "I am sure I can speak for all who have worked with Bill when I say we are fortunate to have had the opportunity to know him."
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers with a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR