Toromont Announces New Director Nominees
February 15 2019 - 11:35AM
The Board of Directors of Toromont Industries Ltd. (TIH) is pleased
to announce that it intends to nominate two new independent
directors, Peter J. Blake and Sharon L. Hodgson, for appointment at
the next annual meeting of Toromont’s shareholders.
“We are extremely pleased to nominate Mr. Blake
and Ms. Hodgson to join Toromont’s Board of Directors,” said Robert
M. Ogilvie, Chair, Toromont. “In addition to their substantial
business and technical acumen, Mr. Blake and Ms. Hodgson bring a
wealth of experience and understanding from their respective areas
of expertise.”
Mr. Blake is an accomplished public company CEO
with highly relevant and analogous heavy equipment sales, auction
and distribution experience, gained through a progressive, 23-plus
year career with Ritchie Bros., and recently with WesternOne, a
smaller-scale equipment renter/distributor. Mr. Blake received his
education from the University of Alberta and the BC Institute of
Technology, becoming a Chartered Accountant in 1987.
Ms. Hodgson is an accomplished 30-year veteran
in technology/digital/AI consulting, who has spent 17 years within
IBM’s consulting arm, Global Business Services. She has significant
global and North American-level business leadership experience and
has served as a “front line” delivery professional of IBM’s
capabilities, as well as a builder of these capabilities, both
technical and commercial. Ms. Hodgson received her education
from Wharton School of the University of Pennsylvania M.B.A. in
1995, and the University of Manitoba, B.Com., Accounting, Business,
Management Information Systems, in 1987.
With the proposed additions of Mr. Blake and Ms.
Hodgson in May, 2019, the Company’s Board of Directors will consist
of eleven members, of whom ten are independent.
About Toromont
Toromont Industries Ltd. operates through two
business segments: The Equipment Group and CIMCO. The
Equipment Group includes one of the larger Caterpillar dealerships
by revenue and geographic territory - spanning the Canadian
provinces of Newfoundland & Labrador, Nova Scotia, New
Brunswick, Prince Edward Island, Québec, Ontario and Manitoba in
addition to most of the territory of Nunavut. In addition,
the Group includes industry leading rental operations, a
complementary material handling business and an agricultural
equipment business. CIMCO is a market leader in the design,
engineering, fabrication and installation of industrial and
recreational refrigeration systems. Both segments offer
comprehensive product support capabilities. This press release and
more information about Toromont Industries can be found at
www.toromont.com.
For more information contact:
Paul R. Jewer
Executive Vice President and Chief Financial Officer Toromont
Industries Ltd.T: (416) 514-4790 |
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