Canadian Pacific issued this statement following the passing of David Starling, who had been acting as the Kansas City Southern ("KCS") trustee of the KCS voting trust and who had previously served as KCS chief executive officer: Mr. Starling retired from the role of chief executive officer at KCS in 2016, ending an incredible railroad career that began in 1971. Immediately upon the closing of CP's acquisition of KCS on Dec. 14, 2021, the shares of KCS were placed into a voting trust with Mr. Starling appointed as the voting trustee.

The voting trust remains in effect until the U.S. Surface Transportation Board ("STB") issues its decision on the companies' joint railroad control application. With Mr. Starling's passing, CP shortly will be pursing the appointment of a replacement voting trustee.