WINNIPEG, Dec. 2, 2019 /CNW/ - (TSX:NFI) NFI Group
Inc., ("NFI" or the "Company"), one of the world's leading
independent bus and coach manufacturers, announced today the
selection of Pipasu H. Soni as NFI's next Chief Financial Officer
("CFO"). Mr. Soni joins NFI as Executive Vice President,
Finance, effective immediately, reporting to NFI Chief Executive
Officer Paul Soubry in a transition
role that will lead to him becoming Executive Vice President and
CFO on or prior to March 30,
2020. Mr. Soni will succeed Glenn
Asham who is retiring after 28 years of service with the
Company, fifteen of which were as CFO.
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Pipasu brings to NFI nearly 20 years of business and financial
management experience in manufacturing companies and has lived and
worked in the United States and
the UK and worked in Mexico.
Most recently, Pipasu served as an Officer of United States
Steel Corporation in a variety of financial leadership roles
including Vice President, Performance Management & Analytics,
Vice President, Finance, and Interim CFO. Prior to that,
Pipasu held wide-ranging financial and strategy leadership roles in
financial planning and analysis, global and divisional finance,
business transformation, plant controllership, strategic planning,
and corporate development at Pentair and Honeywell International.
He began his career at Ingersoll-Rand in manufacturing and design
engineering roles.
Pipasu holds a Bachelor of Science degree in Mechanical
Engineering from Tennessee Technological
University, a Master of Science degree in Mechanical
Engineering from Clemson University and
a Master of Business Administration, finance concentration, from
Cornell University. He is also a Certified Management
Accountant with the Institute of Management Accountants.
"I am proud and very pleased to welcome Pipasu to the NFI
executive team as we continue executing on our strategy to
diversify and grow by enabling the future of mobility with
innovative and sustainable transportation solutions" said
Paul Soubry, NFI Chief Executive
Officer. "Pipasu's breadth of experience in finance and business
transformation, his strong understanding of engineering and
operations, and his successful leadership in complex global
business environments will serve as powerful assets for NFI as we
transform into a more diversified global company," Soubry
added.
"I would like to thank Glenn
Asham for his many valuable years and significant
contributions to our company," Mr. Soubry said. "We are grateful to
Glenn for allowing us sufficient time to search for the right
person to succeed him and to remain with us through March 2020 to ensure a comprehensive and smooth
transition. On behalf of our Board of Directors, our leadership
team and thousands of NFI team members, it's my honour to thank
Glenn and to extend best wishes to him and his family as he enters
his much-deserved retirement years."
About NFI Group
With revenues in excess of US $3B
and operating from more than 50 facilities across ten countries,
NFI is a leading independent global bus and coach manufacturer
providing a comprehensive suite of mass transportation solutions
under the brands of: New Flyer® (heavy-duty transit
buses), Alexander Dennis Limited (single and double-deck buses),
Plaxton (motor coaches), MCI® (motor coaches),
ARBOC® (low-floor cutaway and medium-duty buses), and
NFI Parts™.
In total, NFI now supports over 105,000 buses and coaches in
service around the world. NFI vehicles incorporate the widest range
of drive systems available including: clean diesel, natural gas,
diesel-electric hybrid, and zero-emission electric (trolley,
battery, and fuel cell).
NFI common shares are traded on the Toronto Stock Exchange under
the symbol NFI. Further information is available at
www.nfigroup.com, www.newflyer.com, www.mcicoach.com,
www.arbocsv.com, www.alexander-dennis.com, www.nfi.parts,
and www.carfair.com
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SOURCE NFI Group Inc.