"Canadian Pacific is very fortunate to have Jim join the board," said CP Board Chairman Paul Haggis. "His integrity, wide-ranging skills and knowledge of public and corporate matters will serve the board well."
Prentice currently serves as the senior executive vice president and vice chairman of the Canadian Imperial Bank of Commerce and is a member of the Board of Directors of Bell Canada and of Coril Holdings Ltd. He is also the Canadian chairman of the Trilateral Commission.
"I am proud to be part of this great Canadian company," said Prentice. "CP is a foundational part of Canada' economic infrastructure and it is an exciting time to join the board as the company moves forward. I look forward to working with the board as we guide the company on its transformational journey."