Methanex Reports on Annual General Meeting of Shareholders and Welcomes Leslie O’Donoghue to Board
May 01 2020 - 12:47PM
Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in
accordance with Toronto Stock Exchange requirements, the voting
results from its Annual General Meeting held on April 30, 2020 in
Vancouver, British Columbia.
Voting Results from Annual General
Meeting
A total of 58,784,953 common shares were voted
at the meeting, representing 77.15% of all outstanding
shares. Shareholders voted in favour of all items of business
before the meeting, including the election of all director nominees
as follows:
Director |
Votes For |
% of Votes For |
Votes Withheld |
% of Votes Withheld |
Douglas Arnell |
43,150,223 |
76.71% |
13,098,242 |
23.29% |
James Bertram |
43,047,387 |
76.53% |
13,201,078 |
23.47% |
Phillip Cook |
41,640,733 |
74.03% |
14,607,732 |
25.97% |
Paul Dobson |
43,051,580 |
76.54% |
13,196,885 |
23.46% |
John Floren |
43,058,321 |
76.55% |
13,190,144 |
23.45% |
Maureen Howe |
42,940,527 |
76.34% |
13,307,938 |
23.66% |
Robert Kostelnik |
43,006,204 |
76.46% |
13,242,261 |
23.54% |
Leslie O’Donoghue |
56,187,951 |
99.89% |
60,514 |
0.11% |
Janice Rennie |
42,419,122 |
75.41% |
13,829,343 |
24.59% |
Kevin Rodgers |
55,973,154 |
99.51% |
275,311 |
0.49% |
Margaret Walker |
43,051,842 |
76.54% |
13,196,623 |
23.46% |
Benita Warmbold |
42,597,080 |
75.73% |
13,651,385 |
24.27% |
Appointment of Auditors
KPMG LLP, Chartered Professional Accountants, was re-appointed
as auditor of Methanex.
Votes For (percent): 73.81% Votes Withheld (percent): 26.19%
Advisory Vote on Executive Compensation
A non-binding advisory vote to accept Methanex’s approach to
executive compensation as disclosed in the Information Circular
dated March 5, 2020 was approved.
Votes For (percent): 74.92% Votes Against (percent): 25.08%
Board Appointment
Mr. Bruce Aitken did not stand for re-election
as a director at Methanex’s Annual General Meeting. Mr. Aitken was
President & CEO of the Company from May 2004 until his
retirement at the end of 2012. Prior to this, Mr. Aitken held a
variety of senior leadership roles over his 22 years with the
Company.
John Floren, President & CEO of Methanex,
said, “On behalf of the Board and the entire Methanex team, I would
like to thank Bruce for his significant contributions to the
Company. Over the last 30 years, Bruce has shared his wealth of
knowledge of the methanol industry and provided us with invaluable
guidance, advice and contributions during his tenure. We wish Bruce
all the best in the future.”
Methanex is pleased to announce the appointment
of Leslie O’Donoghue to its Board of Directors effective April 30,
2020.
Ms. O’Donoghue served most recently at Nutrien
Ltd. from January 2018 until her retirement in December 2019 and
held the roles of Executive Vice President and Advisor to the Chief
Executive Officer and Executive Vice President, Chief Strategy and
Business Development Officer. Prior to this, Ms. O’Donoghue served
as the Executive Vice President, Corporate Development and Strategy
and Chief Risk Officer of Agrium Inc. (Nutrien’s predecessor
company). Ms. O’Donoghue holds a Bachelor of Arts (Economics)
degree from the University of Calgary and a LL.B. from Queen’s
University and also serves as a director of Pembina Pipeline
Corporation and Richardson International Limited.
Doug Arnell, Chair of the Board of Methanex,
commented, “We are thrilled to welcome Leslie to Methanex’s Board.
She brings a wealth of senior management experience and an in-depth
knowledge of global commodity markets that will complement our
current Board’s skills and experience.”
Methanex is a Vancouver-based, publicly traded
company and is the world's largest producer and supplier of
methanol to major international markets. Methanex shares are listed
for trading on the Toronto Stock Exchange in Canada under the
trading symbol "MX" and on the NASDAQ Global Market in the United
States under the trading symbol "MEOH”. Methanex can be visited
online at www.methanex.com.
For further information, contact:
Kim CampbellDirector, Investor RelationsMethanex
Corporation604 661 2600 or Toll Free: 1 800 661
8851www.methanex.com
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