Michael (Mike) Waites

former Executive Vice President and Chief Financial Officer - Canadian Pacific (CPR)

Mike Waites joined CPR in 1997 as Vice President and Comptroller, bringing to the railway more than 20 years of broad-based financial experience.

He was appointed Executive Vice President and Chief Financial Officer in 2000. In 2003, Mike was also appointed Chief Executive Officer of CPR's US Network, developing and implementing strategies with respect to CPR's US properties.

Prior to joining CPR, Mike was Vice President and Chief Financial Officer for Chevron Canada Resources. While with Chevron, Mike spent six years at Chevron's world headquarters in San Francisco, California, working in the exploration and production end of the oil business, as well as in the refining and marketing sectors. Mike was extensively involved in Chevron's acquisition of Gulf Oil Corporation in 1985. Upon returning to Calgary in 1986, Mike played a key role in developing the operating, fiscal and project financing arrangements for the development of the Hibernia oil field project off the east coast of Canada. Also, while with Chevron in Canada, Mike acquired responsibility for oil and gas exploration and production operations in Manitoba, Saskatchewan and southern Alberta.

Mike is a Director of Finning International Inc. and a Governor of the Shawnigan Lake School on Vancouver Island. Mike holds a B.A. (Hons.) in Economics from the University of Calgary, an MBA from Saint Mary's College of California, and a Master of Arts, Graduate Studies in Economics from the University of Calgary. He has also completed the Executive Program at The University of Michigan Business School.