Reuters: Private Equity: Canadian Pacific names Hunter Harrison CEO

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Canadian Pacific names Hunter Harrison CEO Jun 29th 2012, 11:05 June 29 | Fri Jun 29, 2012 7:05am EDT June 29 (Reuters) - Canadian Pacific Railway named Hunter Harrison as chief executive, months after the company's top shareholder pitched for the former CEO of rival Canadian National Railway. In May, former Chief Executive Fred Green and Chairman John Cleghorn both quit after a boardroom coup, following a proxy battle with New York activist shareholder William Ackman and his company Pershing Square Capital Management. Ackman, who is CP's biggest shareholder with a 14.1 percent stake, wanted to replace Green with Harrison.

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