Canadian Pacific has appointed Mark Erceg as Executive Vice President and Chief Financial Officer, effective May 18, 2015. He will replace outgoing CFO Bart Demosky, who will be departing from the company on May 31.
Erceg, who joins CP from Masonite International Corp. where he had been Executive Vice President and CFO since 2010, brings over 20 years of financial management experience.
“After a comprehensive search, it was clear that Mark was the right individual for the job,” said E. Hunter Harrison, CP’s Chief Executive Officer. “Mark has the breadth of experience necessary to spearhead the continued growth of CP’s business and play an integral part alongside the executive team, employees and the Board in driving the company forward and continuing to enhance shareholder value.”
As Executive Vice President and CFO, Erceg will be a key member of CP’s senior management team, responsible for helping plan the long-term strategic direction of the company. Other responsibilities will include financial planning, reporting and accounting systems, as well as pension, treasury and tax. Erceg holds a bachelor’s degree in accounting and an MBA in finance from the University of Indiana.
“I am honored to be joining such an innovative, forward-thinking and iconic company,” said Erceg. “Under Mr. Harrison’s leadership, CP has made tremendous progress since 2012 and I am excited to be part of the next chapter in the CP story.”