BRAMPTON, ON, July 2, 2024
/CNW/ - MDA Space Ltd. (TSX:MDA), a trusted space mission partner
to the rapidly expanding global space industry, is pleased to
announce the appointment of Karl
Smith to the company's Board of Directors. MDA Space also
announces the appointment of Janet
McEachern as interim Chief Financial Officer, effective
today. Mrs. McEachern replaces Vito
Culmone, who is leaving the Company to pursue another career
opportunity.
Karl Smith immediately joins the
Audit Committee of the Board and is expected to assume the role of
Audit Committee Chair following the next board meeting in
August 2024. Mr. Smith's appointment
increases the size of the MDA Space Board to nine directors, in
accordance with the company's by-laws.
Over a career that spanned more than 30 years, Mr. Smith held a
variety of executive roles within the Fortis Group, including as
President and CEO of FortisAlberta, and President and CEO of
Newfoundland Power. As Executive Vice President and Chief Financial
Officer of Fortis Inc., as part of the company's growth strategy
Mr. Smith helped to secure its NYSE listing and was actively
involved in and led the financial strategy for a number of
significant acquisitions. Mr. Smith began his career with five
years at Deloitte as a Chartered Public Accountant.
"We are pleased to welcome Karl
Smith to our Board of Directors and to the Audit Committee,"
said Brendan Paddick, Chair of the
MDA Space Board. "His deep financial management experience in
rapidly growing public companies brings valuable expertise to the
MDA Space Board as the company continues to scale, invest and
deliver shareholder value."
Mr. Smith currently serves as Board Chair at Raleigh Solar Tech
and as a member of the Board at CSA (formerly the Canadian
Standards Association.) He also sits on the Board of the Genesis
Centre in St John's, Newfoundland
where he Chairs the Audit and Risk Committee, and is Co-Chair of
the St. John's 2025 Summer
Games.
Mr. Smith earned a Bachelor of Commerce (Honours) from
Memorial University of
Newfoundland.
Janet McEachern has been at MDA
Space since 2020 and is currently the Vice President, Finance
leading the Corporate Finance functions (Financial Planning &
Analysis as well as the Corporate Consolidation & Reporting)
for the company. Ms. McEachern has been instrumental in the
evolution of our finance function as we continue to grow and
scale. Prior to MDA Space, she held senior finance leadership
roles at L3Harris-Wescam. She is a Chartered Professional
Accountant (CPA, CMA) and holds an Honours Business Administration
degree from Wilfrid Laurier University.
The search for a new Chief Financial Officer at MDA Space is
underway and Mr. Smith will participate as a member of a search
committee of the Board of Directors on this important search.
"I am delighted to appoint Janet as our interim CFO. Janet
has a deep understanding of the MDA Space business and is a trusted
advisor for the finance and operational teams. I look forward
to working with her as we search for a permanent replacement.
I also wish to extend my thanks to Vito for his contribution to MDA
Space and wish him well in his next role", said Mike Greenley, CEO of MDA Space.
ABOUT MDA SPACE
Building the space between proven and possible, MDA Space
(TSX:MDA) is a trusted mission partner to the global space
industry. A robotics, satellite systems and geointelligence pioneer
with a 55-year+ story of world firsts and more than 450 missions,
MDA Space is a global leader in communications satellites, Earth
and space observation, and space exploration and infrastructure.
The MDA Space team of more than 3,000 space experts in Canada, the US and the UK has the knowledge
and know-how to turn an audacious customer vision into an
achievable mission – bringing to bear a one-of-a-kind mix of
experience, engineering excellence and wide-eyed wonder that's been
in our DNA since day one. For those who dream big and push
boundaries on the ground and in the stars to change the world for
the better, we'll take you there. For more information, visit
mda.space.
SOCIAL MEDIA
LinkedIn:
linkedin.com/company/mdaspace
X:
twitter.com/MDA_space
Facebook: facebook.com/MDAspace
YouTube:
youtube.com/c/mdaspace
Instagram: instagram.com/MDA_space
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mda-space-announces-appointment-of-karl-smith-to-board-of-directors-and-the-appointment-of-interim-cfo-302188015.html
SOURCE MDA Space