CAE announces appointment of John Manley as Chair of the Board and Board of Directors election results
August 14 2018 - 4:31PM
(NYSE:CAE) (TSX:CAE) – CAE announced today that its Board of
Directors has appointed the Honourable John P. Manley, P.C., O.C.,
as Chair of the Board following CAE’s 2018 annual meeting of
shareholders held earlier today.
Mr. Manley has been an independent director of
CAE since 2008. He succeeds Mr. James F. Hankinson who retired
today, having served as a director since 1995 and as Chair of the
Board since 2013.
Mr. Manley is President and Chief Executive
Officer of the Business Council of Canada, which represents the
CEOs and entrepreneurs of leading Canadian corporations. Mr. Manley
is former Deputy Prime Minister of Canada. He was first elected to
Parliament in 1988 and was re-elected three times. From 1993 to
2003, he served as Minister in the Cabinet portfolios of Industry,
Foreign Affairs, and Finance.
“I am honoured to succeed Jim as Chair, and
grateful for the Board's confidence,” said Mr. Manley. “I look
forward to working with my fellow directors and our management team
to pursue our strategic focus on delivering innovative end-to-end
training solutions on a global scale.”
“During my 23 years on CAE’s Board, I have seen
this remarkable company evolve and mature beyond many people’s
expectations. It has been a privilege to lead a Board of this
calibre,” said Mr. Hankinson. “I have every confidence that CAE
will continue to thrive under John’s strong leadership.”
CAE is also pleased to announce that General
Norton Schwartz was elected to its Board as an independent
director, effective today. General Schwartz is currently President
and CEO of Business Executives for US National Security and is a
retired US Air Force General, having served as its Chief of Staff
from 2008 to 2012. General Schwartz was a member of the CAE
USA Board prior to his election.
Also departing the CAE Board is retired US Army
General Peter J. Schoomaker, who did not stand for reelection since
he has reached the mandatory age limit for a CAE Director. General
Schoomaker served as a director for nine years.
The vacancy created by General Schwartz joining
the CAE Board is filled by General Frank Gorenc, effective August
13, 2018. He is a highly decorated retired General in the US Air
Force and rose to the highest levels of leadership in the US
military as one of twelve Air Force four-star Generals and to the
highest levels of NATO as one of six commanders within the NATO
Command Structure.
CAE also announced the final director election
results from the 2018 Annual Meeting. The following 10 nominees
were elected as Directors of CAE:
Nominee |
Votes for |
For (%) |
Votes Withheld |
Withheld (%) |
Margaret S. Billson |
204,946,225 |
99.79% |
423,065 |
0.21% |
Hon. Michael M. Fortier |
204,509,061 |
99.58% |
860,229 |
0.42% |
Alan N. MacGibbon |
203,420,878 |
99.05% |
1,948,412 |
0.95% |
Hon. John P. Manley |
202,988,314 |
98.84% |
2,380,976 |
1.16% |
François Olivier |
204,453,865 |
99.55% |
915,425 |
0.45% |
Marc Parent |
204,861,985 |
99.75% |
507,305 |
0.25% |
Michael Roach |
204,535,072 |
99.59% |
834,218 |
0.41% |
Gen. Norton Schwartz, USA (ret.) |
204,916,874 |
99.78% |
452,416 |
0.22% |
Andrew J. Stevens |
202,848,060 |
98.77% |
2,521,230 |
1.23% |
Katharine B. Stevenson |
202,110,912 |
98.41% |
3,258,378 |
1.59% |
Final results on all matters voted on at the
Annual Meeting are filed concurrently with the securities
regulators.
About CAECAE is a global leader
in training for the civil aviation, defence and security, and
healthcare markets. Backed by a record of more than 70 years of
industry firsts, we continue to help define global training
standards with our innovative virtual-to-live training solutions to
make flying safer, maintain defence force readiness and enhance
patient safety. We have the broadest global presence in the
industry, with over 9,000 employees, 160 sites and training
locations in over 35 countries. Each year, we train more than
120,000 civil and defence crewmembers and thousands of healthcare
professionals worldwide. www.cae.com
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CAE contacts:
General Media: Hélène V.
Gagnon, Vice President, Public Affairs and Global Communications,
+1-514-340-5536, helene.v.gagnon@cae.com
Investor relations: Andrew Arnovitz, Vice
President, Strategy and Investor Relations, +1-514-734-5760,
andrew.arnovitz@cae.com
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