Stella-Jones Announces Appointment of a New Chair of the Board
September 25 2018 - 12:01PM
Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today
announced the appointment of independent Director, Katherine A.
Lehman as the Company’s Chair of the Board of Directors (the
“Board”) and confirmed the implementation of enhanced governance
initiatives.
Ms. Lehman has served on Stella-Jones’ Board of
Directors and Audit Committee since 2016. She is Managing Partner
at Hilltop Private Capital LLC, a private equity firm based in New
York and has garnered more than a decade of experience in private
equity executive roles and board memberships, including public and
private and profit and not-for-profit entities. Holding a Masters
in Business Administration from Columbia Business School and a B.S.
in Economics from the Wharton School of the University of
Pennsylvania, Ms. Lehman’s background in financial analysis,
capital allocation and her governance expertise positions her well
to lead Stella-Jones’ Board.
Commenting on her appointment, Ms. Lehman said:
“I’m honored and delighted to accept the appointment as the Chair
of the Board of Stella-Jones and look forward to building upon the
Company’s solid core values and exceptional record.” President and
CEO, Brian McManus added, “The appointment of an independent Chair
is one of many steps toward the implementation of a robust
corporate governance framework, drawing on the Board’s collective
experience while welcoming new and refreshed perspectives”.
In addition, Stella-Jones also announced the
establishment of a Governance and Nomination Committee comprised
solely of independent directors, whose primary function shall be to
oversee and implement compliance with effective corporate
governance rules, principals and policies.
In support of the governance initiatives,
longstanding Board members Daniel Picotte and Nycol Pageau-Goyette
announced that they would be stepping down in May of 2019. “I would
like to thank Daniel Picotte and Nycol Pageau-Goyette for their
many years of dedicated service as members of the Board,” stated
President and CEO, Brian McManus. “We look forward to benefitting
from their valuable insights as they bring to a conclusion their
outstanding service to the Board.”
ABOUT STELLA-JONESStella-Jones
Inc. (TSX: SJ) is a leading producer and marketer of pressure
treated wood products. The Company supplies North America’s
railroad operators with railway ties and timbers, and the
continent’s electrical utilities and telecommunication companies
with utility poles. Stella-Jones also manufactures and distributes
residential lumber and accessories to retailers for outdoor
applications, as well as industrial products for construction and
marine applications. The Company’s common shares are listed on the
Toronto Stock Exchange.
This press release may contain information and
statements of a forward-looking nature. These statements are based
on suppositions and uncertainties as well as on management’s best
possible evaluation of future events. Such factors may include,
without excluding other considerations, fluctuations in quarterly
results, evolution in customer demand for the Company’s products
and services, the impact of price pressures exerted by competitors,
the ability of the Company to raise the capital required for
acquisitions, and general market trends or economic changes. As a
result, readers are advised that actual results may differ from
expected results.
Source: |
Stella-Jones
Inc. |
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Contacts: |
Éric Vachon,
CPA, CA |
Pierre Boucher,
CPA, CMA |
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Senior Vice-President
and Chief Financial Officer |
Jennifer
McCaughey, CFA |
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Tel.: (514)
940-3903 |
MaisonBrison
Communications |
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evachon@stella-jones.com |
Tel.: (514)
731-0000 |
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pierre@maisonbrison.com
jennifer@maisonbrison.com |
Head Office3100 de la Côte-Vertu Blvd., Suite
300Saint-Laurent, QuébecH4R 2J8 Tel.: (514)
934-8666Fax: (514) 934-5327 |
Exchange ListingsThe Toronto Stock ExchangeStock
Symbol: SJ Transfer Agent and
RegistrarComputershare Investor Services Inc. |
Investor RelationsÉric VachonSenior Vice-President
and Chief Financial Officer Tel.: (514) 940-3903Fax:
(514) 934-5327evachon@stella-jones.com |
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