Calgary Alberta - Canadian Pacific Railway (CP) has selected the first woman to head the board of directors of the country's second-largest railway.
 
Isabelle Courville, 56, has been designated to replace Andrew Reardon at the Calgary-based company's annual meeting in May, according to a proxy circular.
 
An independent director since 2013, Courville is one of four women on CP's nine-member board.
 
The former Hydro-Quebec executive is also currently a member of the boards at SNC-Lavalin and Laurentian Bank.
 
She received $303,504 in compensation from CP last year, half to be paid in cash, the rest in share-based awards.
 
As chairman, Reardon received $514,344 in total compensation in 2018.
 
CP CEO Keith Creel received $12.5 million in compensation last year, down from $20.1 million in 2017, the year he was appointed president and CEO.
 
The decrease was mainly the result of a reduction in option-based awards.
 
Author unknown.