CORRECTED-CP Rail's CEO outlines plans to retire in near future

Wed Apr 20, 2016 12:15pm EDT
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(Corrects headline, corrects attribution on timing of likely departure to spokesman)

TORONTO, April 20 (Reuters) - Canadian Pacific Railway Chief Executive Hunter Harrison said on Wednesday that he plans to step down and retire in the near future.

A spokesman for the company said Harrison plans to serve out his contract that ends in 2017.

Harrison is expected to hand over the reins to his long-time protégé and CP's current president and chief operating officer Keith Creel. (Reporting by Allison Lampert; Editing by Chizu Nomiyama)