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Canadian Pacific officials today issued statements on the death of former executive and board member William Fatt.
Fatt joined the CP board in September 2016. He served as chair of the Finance Committee and a member of the Audit Committee before resigning for health reasons in November 2017.
Earlier in his career, he served as the Class I's chief financial officer before taking the helm of Canadian Pacific Hotels and eventually moving the company's properties to the Fairmont Hotels & Resorts banner.
"Bill Fatt was a consummate business leader, with the background, financial knowledge and overall gravitas to take on big challenges and turn them into successes," said CP President and Chief Executive Officer Keith Creel in a press release. "He was not afraid to take risks and learn from his successes and mistakes."
Through his leadership at CP and Canadian Pacific Hotels, Fatt made "significant contributions to businesses that continue to impact many people," said CP Chair Isabelle Courville.
"I am sure I can speak for all who have worked with Bill when I say we are fortunate to have the opportunity to know him," Courville said.