Chairman of the Board

Canadian Pacific Railway

John Cleghorn joined Canadian Pacific Railway as a director in October 2001 and became Chairman of the Board on May 5, 2006. He joined SNC-Lavalin Group, an international engineering and construction company, as a director in August 2001 and became Chairman of the Board in May 2002. He is also a director of Molson Coors Brewing Company. He retired as Chairman and CEO and a director of Royal Bank of Canada (RBC Financial Group) on July 31, 2001.

Mr. Cleghorn graduated from McGill University in 1962. He worked as an accountant for Citibank and its Canadian affiliate, Mercantile Bank, with assignments in New York, Montreal, Winnipeg and Vancouver.

He joined Royal Bank of Canada in 1974, and held senior positions in project finance, corporate lending, national accounts, British Columbia district, and international banking, becoming president in 1986; chief operating officer in 1990; chief executive officer in 1994, and chairman and chief executive officer in 1995.

Currently, Mr. Cleghorn is Governor Emeritus of McGill University and Member of the McGill Desautels Faculty of Management's International Advisory Board, Chancellor Emeritus of Wilfrid Laurier University, Director of the Atlantic Salmon Federation and Governor of Historica Foundation of Canada. He is an Officer of the Order of Canada, a fellow of the Institute of Chartered Accountants of Ontario and a fellow of the Order of Chartered Accountants of Quebec. He holds honorary degrees from Acadia, Bishop's, McGill and Wilfrid Laurier Universities.