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Canadian Pacific Railway June 11 established an investor relations group and appointed an executive to head it.
The group would carry out functions currently performed by Canadian Pacific Ltd. — CPR, along with four other CP business units, plans to spin off from the corporation in fall, pending shareholder approval.
The railroad named Paul Bell vice president investor relations, and his duties will include building and managing relationships with current and prospective retail and institutional shareholders, analysts and other capital-market professionals.
Bell has held several senior executive positions at CPR — most recently vice president E-Business — launching and leading various transportation efficiency and service initiatives.
"[Bell’s] store of railway knowledge and proven skills in clearly summarizing and communicating business strategies will make him a valuable channel for analysts and shareholders who need to make informed investment decisions," said Rob Ritchie, CPR president and chief executive officer, in a prepared statement.