Demosky said that his decision to depart CP came “after careful consideration and much discussion with Hunter, the Board of Directors, and my family. It was a difficult decision to make as it comes at an exciting time in the evolution of the company, but it also comes at the right time for me to focus on my family and other opportunities.”
Demosky has agreed to stay on with CP until May 31, 2015 “to assure a smooth transition as the search for a replacement begins,” CP said.
“Bart is a key part of the senior management team, well-liked as an individual, and widely respected as a leader and a professional,” said CP CEO E. Hunter Harrison. “We thank him for his significant contributions to CP during his time with us and wish him well in his future endeavors.”
Demosky has been CFO and EVP of Canadian Pacific Railway Limited and Canadian Pacific Railway Company since Dec. 28, 2013. Prior to joining CP, he served in a variety of executive positions with Suncor Energy Inc., Ontario Power Generation Inc., TransAlta Corp., and Westcoast Energy subsidiary Engage Energy.