DRUMMONDVILLE, QC, July 4, 2014 /CNW Telbec/ - CVTech Group Inc.
("CVTech" or the "Corporation") (TSX : CVT) announces today that Mr.
André Laramée officially left his position as President and Chief
Executive Officer of the Corporation and will not be standing for
re-election as Director at the next annual shareholder meeting to be
held on July 23, 2014. Over the next year, Mr. Laramée will continue to
work for the Corporation as Principal Senior Advisor. The Board of
Directors wishes to thank Mr. Laramée for his significant contribution
to the Corporation during his tenure as President and Chief Executive
The Corporation is actively working on selecting a new President and
Chief Executive Officer. The Corporation is confident that the
selection process should be completed soon. In the meantime, Mr.
Jacques Joly, Chairman of the Board of Directors, supported by Mr.
Mario Trahan, Chief Financial Officer, will assume the interim and
maintain contact with investors. The management team in place, namely
Mario Trahan, Chief Financial Officer, Stephane Rainville, Vice
President Human Resources, Stephen M. Zemaitatis Jr., Executive Vice
President, U.S. Operations, Bruno Testaert, Vice President and General
Manager, Thirau Ltée and J.J.L. Déboisement Inc. and Emilie Duguay,
General Counsel and Corporate Secretary, will be responsible for proper
operation of the Corporation and will continue to pursue its strategic
objectives and to increase shareholder value.
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 assumes 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:
Jacques Joly, CPA, CA, ASC
Chairman of the Board of Directors
and Interim President and CEO
Mario Trahan, CPA, CMA
Chief Financial Officer
Martin Goulet, CFA