Business Context and Reporting Period
This Form 6-K filing by Canadian Pacific Railway Limited (and Canadian Pacific Railway Company) covers the month of October 2006, with a report date of October 4, 2006. The company is a transcontinental carrier operating a 13,500-mile rail network connecting principal centers in Canada (Montreal to Vancouver) and the U.S. Northeast and Midwest regions. The filing coincides with the company's 125th anniversary.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a corporate announcement regarding executive leadership changes rather than a financial results release.
Material Changes
The primary material change disclosed is a significant executive appointment:
- Michael R. Lambert has been appointed as Executive Vice President and Chief Financial Officer.
- Mr. Lambert joins from Canadian Tire Corporation, where he served as Executive Vice President and Co-President of the Mark's Work Wearhouse Division.
- He brings over 25 years of operational and financial management experience.
- He is scheduled to join the company in mid-October 2006.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding future performance. The text focuses on the strategic importance of the new CFO appointment and provides a brief overview of the company's logistics capabilities and market reach, including alliances extending into Mexico.
Investor Verification Checklist
- Verify the start date of Michael R. Lambert's tenure as CFO (stated as mid-October 2006).
- Confirm the company's 125th anniversary status and any related commemorative activities.
- Review subsequent filings for the first financial results released under the new CFO's leadership.
- Check for any further executive departures or additions following this announcement.