Canadian Pacific appoints new CFO, shares slightly lower after earnings

|About: Canadian Pacific Railway ... (CP)|By:, SA News Editor

Canadian Pacific (NYSE:CP) announces the appointment of Nadeem Velani to the CFO position. Velani has been serving as the interim CFO at the railroad company since early September.

"Working closely with the board and after performing all necessary due diligence, we are pleased to name Nadeem our Chief Financial Officer," says CEO Hunter Harrison.

Canadian Pacific is down around 0.8% after missing on Q2 earnings and guiding full-year profit expectations in-line with the consensus estimate. Shares of CP are up about 6% over the last 90 days on bouncy trading.

Previously: Canadian Pacific Railway beats by $0.56, beats on revenue (Oct. 19)

Previously: Canadian Pacific cuts full-year profit target; shares -4.4% premarket (Oct. 19)

Source: Press Release