MI Developments announces appointment of new Director
December 05 2008 - 5:10PM
PR Newswire (US)
AURORA, ON, Dec. 5 /PRNewswire-FirstCall/ -- MI Developments Inc.
(MID) (TSX: MIM.A, MIM.B; NYSE: MIM) today announced the
appointment of Lorne Weiss to its Board of Directors, effective
immediately. Mr. Weiss, a Certified Financial Planner, is a Wealth
Advisor at ScotiaMcLeod. Previously, he was a Vice-President,
investment advisor and branch manager at CIBC Wood Gundy. Mr. Weiss
currently coordinates the Financial Planning Program at Seneca
College, where he has been an instructor since 1998. Mr. Weiss has
served as a member of the Board of the Reena Foundation since 2002
and is currently the Chair of its Investment Committee. Frank
Stronach, MID's Chairman, stated, "I would like to welcome Lorne to
the Board and look forward to his contribution to MID's success."
About MID MID is a real estate operating company focusing primarily
on the ownership, leasing, management, acquisition and development
of a predominantly industrial rental portfolio for Magna
International Inc. and its subsidiaries in North America and
Europe. MID also acquires land that it intends to develop for
mixed-use and residential projects. MID holds a controlling
interest in Magna Entertainment Corp., North America's number one
owner and operator of horse racetracks, based on revenue, and one
of the world's leading suppliers, via simulcasting, of live horse
racing content to the growing intertrack, off-track and account
wagering markets. DATASOURCE: MI Developments Inc. CONTACT: about
this press release, please contact Dennis Mills, MID's
Vice-Chairman and Chief Executive Officer, at (905) 726-7614
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