DRUMMONDVILLE, QC, July 10, 2014 /CNW Telbec/ - CVTech Group Inc.
("CVTech" or the "Corporation") (TSX: CVT) is pleased to announce the
appointment of Mr. Pierre L. Gauthier who will succeed to Mr. André
Laramée as President and Chief Executive Officer. Mr. Gauthier will
take office on August 11, 2014. Prior to this appointment, Mr. Gauthier
has served as director and member of the Governance and Nominating
Committee of the Corporation since December 2013.
Mr. Gauthier currently holds the position of Chairman of the Board and
Chief Executive Officer of Alstom Power & Transport Canada Inc., one of
the world's leaders in power generation, power transmission and rail
infrastructure. He is currently Chairman of the Board of the Centre de commercialisation en innovation manufacturière, a director of Alstom Grid Canada inc. and Alstom Sitca as well as a
member of a number of Canadian and U.S. associations. He holds a degree
in mechanical engineering from École Polytechnique de Montréal and has
pursued further studies in business administration at McGill University
and INSEAD (European Institute of Business Administration). Among Mr.
Gauthier's distinctions are France's Chevalier de la Légion d'honneur, an honorary PhD from École Polytechnique de Montréal and the
Jean-Jacques Archambault Award of the Association de l'industrie électrique du Québec.
"I wish to express the Board's full confidence in Mr. Gauthier, a highly
talented and experienced manager. He also possesses a knowledge of the
industry in which CVTech Group operates and will be able to pursue the
Corporation's strategic objectives and increase shareholder value,"
said Jacques Joly, Chairman of the Board and Interim President and
Chief Executive Officer of the Corporation.
"I am very excited to join CVTech Group. My duties as director and
member of the Governance and Nominating Committee have allowed me to
develop a better knowledge of the Corporation and of its strategic
interests. I am eager to contribute, in my new duties, to the
Corporation's growth and to closely collaborate with the current
management team in pursuing the implementation of a new business model
that will make CVTech a more efficient and competitive enterprise,"
said the new President and Chief Executive Officer of CVTech Group.
OVERVIEW OF THE CORPORATION
CVTech is a corporation 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 electrical lines.
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
and Interim President and CEO
Mario Trahan, CPA, CMA
Chief Financial Officer
Martin Goulet, CFA