CAMBRIDGE, ON, June 1, 2020 /CNW/ - ATS Automation Tooling
Systems Inc. (TSX: ATA) ("ATS" or the "Company") today
announced that Maria Perrella has
resigned as Chief Financial Officer, effective June 26, 2020, to pursue another business
opportunity with a privately held organization. Ryan McLeod, the Company's Vice President,
Corporate Controller, will assume the role of interim Chief
Financial Officer.
"On behalf of the Board of Directors, I thank Maria for her
significant contributions to ATS over the last 12 years and for the
important role she played in transformational change," said
Andrew Hider, Chief Executive
Officer of ATS. "We wish her every success moving forward."
Mr. Hider continued: "Ryan has worked closely with Maria and is
in a good position to seamlessly transition to the interim CFO
role."
Mr. McLeod is a CPA, CA, joined ATS in 2007 as Manager of
Reporting and Compliance, became Director of Finance in 2010, and
assumed the role of Vice President and Corporate Controller in
2014. Prior to ATS, he served in a finance management role at CIBC
Mellon and began his career at Ernst & Young LLP.
About ATS
ATS is an industry-leading automation
solutions provider to many of the world's most successful
companies. ATS uses its extensive knowledge base and global
capabilities in custom automation, repeat automation, automation
products and value-added services, including pre-automation and
after-sales services, to address the sophisticated manufacturing
automation systems and service needs of multinational customers in
markets such as life sciences, chemicals, consumer products,
electronics, food, beverage, transportation, energy, and oil and
gas. Founded in 1978, ATS employs approximately 4,500 people at 22
manufacturing facilities and over 50 offices in North America, Europe, Southeast
Asia and China. The
Company's shares are traded on the Toronto Stock Exchange under the
symbol ATA. Visit the Company's website at
www.atsautomation.com.
Forward Looking Statements:
This news release contains certain statements that constitute
forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"). Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of ATS, or developments in ATS'
business or in its industry, to differ materially from the
anticipated results, performance, achievements or developments
expressed or implied by such forward-looking statements.
Forward-looking statements include all disclosure regarding
possible events, conditions or results of operations that are based
on assumptions about future economic conditions and courses of
action. Forward-looking statements may also include, without
limitation, any statement relating to future events, conditions or
circumstances. The risks and uncertainties that may affect
forward-looking statements include those risks detailed from time
to time in ATS' filings with Canadian provincial securities
regulators. There can be no assurance that forward-looking
statements or information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, you should not place
undue reliance on the forward-looking statements or information
contained herein which speak only as of the date they are made.
Forward-looking statements are based on management's current plans,
estimates, projections, beliefs and opinions, and other than as
required by applicable securities laws, ATS does not undertake any
obligation to update forward-looking statements should assumptions
related to these plans, estimates, projections, beliefs and
opinions change.
SOURCE ATS Automation Tooling Systems Inc.