MISSISSAUGA, ON, April 7, 2021 /CNW/ - Cargojet Inc.
("Cargojet" or the "Corporation") (TSX: CJT) announced today that
its Chief Financial Officer, John
Kim, will retire at the end of May
31, 2021.
Although Mr. Kim has announced his retirement, he will continue
to operate as a consultant to the Corporation with focus on Capital
Markets and Investor Relations and to ensure a smooth transition.
The Corporation named Mr. Sanjeev
Maini, its current Vice President of Finance as the interim
CFO while it conducts a formal search process. Mr. Maini has been
with the company since inception and prior to being promoted as
Vice President, Finance served as the Controller of the Corporation
and is well equipped to support Cargojet's ambitious growth
strategy.
"We wish John the very best in his future endeavors and
sincerely thank him for his many contributions during his tenure at
Cargojet," said Dr. Ajay Virmani,
President and CEO of Cargojet. "John was instrumental in helping
the Corporation navigate during its early years of growth and
successfully delivered several projects".
"I am fortunate to have been part of such a talented team, and
want to thank the Board and the investment community for their
support all through my tenure. Although I am retiring from my
active role, I am committed to ensuring a smooth transition and
will remain fully engaged on capital markets and investor relation
areas during this process." said John
Kim.
Cargojet is working through a formal search process to identify
a permanent replacement and expects to conclude it by the second
quarter.
About Cargojet
Cargojet is Canada's leading
provider of time sensitive premium air cargo services to all major
cities across North America,
providing Dedicated ACMI and International Charter services and
carries over 25,000,000 pounds of cargo weekly. Cargojet operates
its network with its own fleet of 28 Cargo aircraft.
Notice on Forward Looking Statements:
Certain statements contained herein constitute "forward-looking
statements". Forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on
the business. Forward-looking statements may include words such as
"plans," "intends," "anticipates," "should," "estimates,"
"expects," "believes," "indicates," "targeting," "suggests" and
similar expressions. These forward-looking statements are based on
current expectations and entail various risks and uncertainties.
Reference should be made to the issuer's most recent Annual
Information Form filed with the Canadian securities regulators, and
it's most recent Annual Consolidated Financial Statements and Notes
thereto and related Management's Discussion and Analysis
(MD&A), for a summary of major risks. Actual results may
materially differ from expectations, if known and unknown risks or
uncertainties affect our business, or if our estimates or
assumptions prove inaccurate. The issuer assumes no obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or any other reason, other than
as required by applicable securities laws. In the event the issuer
does update any forward-looking statement, no inference should be
made that the issuer will make additional updates with respect to
that statement, related matters, or any other forward-looking
statement.
SOURCE Cargojet Inc.