MONTRÉAL, Québec – May 9, 2019 (CNW) – LOGISTEC Corporation is pleased to announce that Mr. James C. Cherry, FCPA, FCA, has been appointed Chairman of its Board of Directors.
An independent director of LOGISTEC since 2011, he has been a member of its Audit Committee since 2012, and thereafter its Chair since 2014. He has also been a member of its Pension Committee and its Governance and Human Resources Committee.
Mr. Cherry is a renowned businessman with over 35 years of hands-on experience in general, project and financial management in the international aerospace, defence and rail sectors. He has held senior executive positions, namely with Bombardier, Oerlikon Aerospace, CAE, ALSTOM Canada, and lastly for 15 years at Aéroports de Montréal where, as CEO, he was instrumental in restoring Montréal as an international air hub. He also currently serves on the boards of Cogeco, Cogeco Communications and VOTI Detection.
“We are honored to welcome an exceptional leader as Chairman of our Board of Directors,” said Madeleine Paquin, President and CEO of the Company. “His integrity, experience and business network will significantly contribute to the development of LOGISTEC’s activities,” added Madeleine Paquin.
“With its extensive network of terminals and expanding environmental business, LOGISTEC has solid growth potential in various strategic markets, which is the reason it bodes well with my experience in business development,” says James C. Cherry.
“I want to take this opportunity to thank George R. Jones, who will be stepping down as Chairman of the Board, for his leadership, dedication and advice through pivotal years for LOGISTEC. He was first elected to LOGISTEC’s Board of Directors in 2004 and served as a member of the Governance and Human Resources Committee, the Pension Committee as well as the Audit Committee. I am pleased to see him remain as director for another year to continue developing LOGISTEC’s vision for the future,” continued Madeleine Paquin
“I would also like to recognize Rudy Mack who left the Board, following eleven years during which he shared his knowledge of the international shipping and container industries, to advance and protect the interests of LOGISTEC. His depth of experience contributed greatly to LOGISTEC’s growth over the years.
“We also welcome Ms. Dany St-Pierre as a new LOGISTEC Board member. Dany is currently President of Cleantech Expansion. Prior thereto, she held leadership roles at Nordex, Alstom, Siemens and Bombardier. She has conducted business in over 30 countries as a senior executive for global publicly traded transportation and energy manufacturers. Dany is widely recognized for her leadership and has expertise in ESG, international business, product and technology innovation, as well as M&A. She also currently serves on the board of Boralex. We look forward to benefitting from her insight and expertise,” concluded Madeleine Paquin.
LOGISTEC Corporation is based in Montréal (Québec) and provides specialized services to the marine community and industrial companies. LOGISTEC offers bulk, break-bulk and container cargo handling in some 37 ports and 63 terminals located in North America. In addition, LOGISTEC offers marine transportation services geared primarily to the Arctic coastal trade, as well as marine agency services to foreign shipowners and operators serving the Canadian market.
LOGISTEC also operates in the environmental sector where it provides services to industrial, municipal and governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and manufacturing of woven hoses.
A public company since 1969, LOGISTEC’s shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols LGT.A and LGT.B. For more information, please visit www.logistec.com.
– 30 –
For further information:
Jean-Claude Dugas, CPA, CA
Chief Financial Officer