Canadian Pacific announced that Executive Vice-President and Chief Financial Officer Mark Erceg is stepping down from the position of CFO effective Sep. 9, 2016. Erceg will be returning to the U.S. to assume the role of CFO at a U.S.-based NYSE-listed company where his responsibilities will include not only Finance but Information Systems. Nadeem Velani has been appointed interim Vice-President and CFO.

Velani joined CP in March 2013 and most recently served as Vice-President Investor Relations. Prior to the company, Velani spent 15 years at Canadian National Railway Co. where he worked in a variety of positions in Financial Planning, Sales and Marketing and Investor Relations.