After months of drama, Hunter Harrison has finally been appointed to head CP Rail. His appointment has divided the company between those looking for a more efficient company and those wary of damage to the safety-driven corporate culture.
Harrison rose to fame as head of the rival CN Rail. He streamlined the company, making it very attractive for investors. His critics argue that CN's safety and labour record suffered in the drive to produce dividends and increase operating efficiency.
Harrison's appointment comes after several months of tension on CP's board which has seen the resignatoin of several long-term members.
Canadian Pacific | Hunter Harrison Appointed As President & CEO of Canadian Pacific