Calian Announces Resignation of Kenneth Loeb as Chair of the Board of Directors
September 01 2020 - 8:25PM
Calian Group Ltd. (TSX:CGY) today announces that Mr. Loeb has
resigned as Chair of the Board of Directors. Mr. Loeb will continue
to serve as a director of the Company.
Mr. Loeb informed the Board of the charges
against him with respect to uttering threats and assault under the
Criminal Code.
The Company does not tolerate abuse of any kind
and will continue to review the matter as further developments
occur.
Calian also reiterates that the alleged
misconduct does not pertain to anyone related to the Company, nor
to its business prospects or financials in any way.
George Weber, a director of Calian since 2012
will assume the position of Chair effective immediately. He brings
decades of experience as a former Chief Executive Officer, and an
experienced director and chair of numerous Canadian and
International Organizations.
About CalianCalian employs over
3,400 people in its delivery of diverse products and solutions for
private sector, government and defence customers in North American
and global markets. The Company’s diverse capabilities are
delivered through four segments: Advanced Technologies, Health,
Learning and Information Technology. The Advanced Technologies
segment provides innovative products, technologies and
manufacturing services and solutions for the space, communications,
defence, nuclear, government and agriculture sectors. The Health
segment manages a network of more than 1,800 health care
professionals delivering primary care and occupational health
services to public and private sector clients across Canada.
Learning is a trusted provider of emergency management, consulting
and specialized training services and solutions for the Canadian
Armed Forces and clients in the defence, health, energy and other
sectors. The Information Technology segment supports public- and
private-sector customer requirements for subject matter expertise
in the delivery of complex IT and cyber security solutions.
Headquartered in Ottawa, the Company’s offices and projects span
Canada and international markets.
For investor information, please visit our
website at www.calian.com or contact us
at ir@calian.com
DISCLAIMER
Certain information included in this press
release is forward-looking and is subject to important risks and
uncertainties. The results or events predicted in these statements
may differ materially from actual results or events. Such
statements are generally accompanied by words such as “intend”,
“anticipate”, “believe”, “estimate”, “expect” or similar
statements. Factors which could cause results or events to differ
from current expectations include, among other things: the impact
of price competition; scarce number of qualified professionals; the
impact of rapid technological and market change; loss of business
or credit risk with major customers; technical risks on fixed price
projects; general industry and market conditions and growth rates;
international growth and global economic conditions, and including
currency exchange rate fluctuations; and the impact of
consolidations in the business services industry. For additional
information with respect to certain of these and other factors,
please see the Company’s most recent annual report and other
reports filed by Calian with the Ontario Securities Commission.
Calian disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. No assurance can be given
that actual results, performance or achievement expressed in, or
implied by, forward-looking statements within this disclosure will
occur, or if they do, that any benefits may be derived from
them.
Calian · Head Office · 770 Palladium Drive ·
Ottawa · Ontario · Canada · K2V 1C8 Tel: 613.599.8600
· Fax: 613-592-3664· General Info
email: info@calian.com
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