CAMBRIDGE, ON, Jan. 14 /CNW/ - COM DEV International Ltd. (TSX:CDV), a leading manufacturer of space hardware subsystems, today announced that Claude Séguin has been appointed to its Board of Directors. Mr. Séguin has been a senior executive at multinational technology service provider CGI Group since 2003, currently serving as Senior Vice President, Corporate Development and Strategic Investments, following an earlier role as Senior VP, Finance and Strategic Investments.
Prior to CGI, Mr. Séguin was President of CDP Capital - Private Equity, a unit of the Caisse de dépôt et placement du Québec. From 1992 to 2000, he was Executive Vice President, Finance and Chief Financial Officer of Teleglobe Inc. Mr. Séguin also had a successful career in public service, ultimately serving for five years as Deputy Minister of the Québec Finance Ministry.
"We are pleased to welcome Claude to our board," said Terry Reidel, Chairman of the Board of Directors. "His experience with technology service companies will be invaluable as we launch our own data services business. Claude also adds important expertise in public sector relations, M&A integration, capital markets and financial management."
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global designer and manufacturer of space hardware subsystems. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.
This news release may contain certain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things, in view of the rapid changes in communications markets and technologies, and other risks including the cost and market acceptance of the Company's new products, the level of individual customer procurements and competitive product offerings and pricing, and general economic circumstances, the Company's business prospects may be materially different from forward-looking statements made by the Company.
The triangular logo and the word COM DEV are each registered trademarks and the property of COM DEV Ltd. All rights reserved.
SOURCE COM DEV International Ltd.
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