John Baird, who recently resigned as federal foreign affairs minister, has been nominated to sit on the board of directors at Canadian Pacific Railway.
Canadian news organizations, including Canadian Press and the Globe & Mail, reported March 30 that Baird is one of 13 people nominated to sit on CP’s board, which will expand to 13 members from 11.
The position pays $235,000 a year.
CP investors must approve the nomination.
Citing regulatory documents filed by CP, Canadian Press also reported that company president Hunter Harrison earned the equivalent of $17.6 million last year.
In addition to a base salary of $2.4 million, Harrison earned $3.66 million in share based rewards, $3.66 million in options, an annual bonus valued at $7.3 million and additional benefits valued at nearly $600,000.
CP paid Harrison $7.2 million in 2013 and $49.1 million in 2012.
Contact brian.cross@producer.com
