DRUMMONDVILLE, QC, Dec. 12, 2013 /CNW Telbec/ - CVTech Group Inc.
("CVTech" or "the Corporation") (TSX: CVT) today announced changes to
its Board of Directors.
In the first instance, the Corporation announced the resignation from
the Board of Robert Beaudoin and André Lepage. Mr. Lepage had been a
director of CVTech since the Corporation was listed on the TSX in April
2005. Mr. Beaudoin had been a director since May 2007. Their
resignations are effective immediately.
"On behalf of all members of the Board, I sincerely thank Robert
Beaudoin and André Lepage for their substantial contribution to the
development of CVTech. Their astute recommendations, together with
their professionalism, strategic vision and constant rigour in matters
of governance, have fostered the evolution of the Corporation," said
Jacques Joly, Chairman of the Board of CVTech.
The resulting Board vacancies have been filled by the appointment to the
Board of Yves Filion and Pierre L. Gauthier, two outstanding managers
with enviable reputations in the energy industry. These appointments
are also effective immediately.
Mr. Filion is president of Yves Filion Consulting Inc., where he has
carried out a number of assignments internationally in corporate
governance, strategic planning and project management in the energy
industry. He previously held senior management positions during a
35-year career with Hydro-Québec, where from 2001 to 2006 he was
successively president of Hydro-Québec Distribution and president of
Hydro-Québec TransÉnergie. A University of Sherbrooke graduate in civil
engineering, Mr. Filion holds the title of Administrateur de sociétés
certifié (certified company director) and has been chairman and member
of a number of boards over the last 20 years. He is currently chairman
of the board of Innoventé Inc. and a member of the boards of the
Montreal Port Authority and Aéroports de Montréal.
Mr. Gauthier has been with the Alstom group since 1996. From 2008 to
2013 he was president and chief executive officer of Alstom Inc. (US)
and has discharged the same responsibilities for Alstom Canada since
2003. Holder of a degree in mechanical engineering from École
Polytechnique de Montréal, Mr. Gauthier had previously held a variety
of management positions in marketing, technology, quality assurance and
corporate management at ABB Canada Inc., Gaz Métropolitain Inc. and
Gulf Canada Ltd. In the course of his career he has been a member of
numerous boards and associations, including the Council on
Competitiveness (U.S.), the National Electricity Roundtable (Canada)
and the Ordre des ingénieurs du Québec.
"CVTech is privileged to benefit from the services of two experienced
senior managers whose knowledge and skills will complement those of the
other members of our Board, for the benefit of all of the Corporation's
stakeholders. I extend the warmest welcome to our new directors,"
concluded Mr. Joly.
OVERVIEW OF THE CORPORATION
CVTech is a company operating in the energy sector. The Corporation is a
leading provider of construction and maintenance services to the public
utility and heavy industrial markets mainly in Quebec, Ontario and the
eastern United States. Through its subsidiaries, the Corporation
provides maintenance and construction services for electricity
transmission and distribution networks, substations and electrical
power houses, as well as the control of vegetation on rights-of-way for
This document may contain forward-looking statements that reflect
management's current expectations regarding future events.
Forward-looking statements are based on a number of factors and include
risks and uncertainties. Actual results may differ from forecast
results. Management has no obligation beyond what is required under the
law to update or revise forward-looking statements pursuant to new
information or future events.
Further information regarding CVTech is available in the SEDAR database
(www.sedar.com) and on the Corporation's website at www.cvtech.ca.
SOURCE: CVTECH GROUP INC.
For further information:
André Laramée, MBA
President and Chief Executive Officer
Mario Trahan, CPA, CMA
Chief Financial Officer
Martin Goulet, CFA