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Canadian Pacific Railway recently named Michael Lambert executive vice president and chief financial officer.

With more than 25 years’ operational and financial management experience, Lambert most recently served as executive vice president of Canadian Tire Corp. and co-president of the company’s Marks’ Work Wearhouse Division.

He succeeds former EVP and EFO Michael Waites, who resigned in April. Since then, VP and Comptroller Brian Grassby has served as acting CFO.