TORONTO, Feb. 8, 2016 /CNW/ - Echelon Financial Holdings Inc. ("Echelon Financial" or the "Company") (TSX: EFH) today announced that Douglas McIntyre has tendered his resignation as a member of the Board of Directors of Echelon Financial, in order to pursue other opportunities. Mr. McIntyre also resigned his directorships of the Company's subsidiaries, Echelon Insurance, Qudos Insurance A/S and CIM Reinsurance Company Ltd.
Mr. McIntyre was one of the key contributors to Echelon's growth, starting with Canadian Insurance Marketing Inc., a predecessor of the Company. In 2002, Mr. McIntyre was appointed Chief Executive Officer of Echelon Insurance and three years later led the Company's IPO. He retired as CEO of the Company in 2010.
Rob Purves, the Chairman of the Company's Board of Directors, thanked Mr. McIntyre on behalf of the Board and the Company for his long-time dedication. "Doug has been an integral part of Echelon Insurance for the past 14 years and was the guiding force in Echelon's rehabilitation and revitalization in the early 2000s. Doug is a consummate insurance professional and astute financier. We wish him well in his future endeavours."
About Echelon Insurance
Founded in 1998, the Company operates in the property and casualty insurance industry in Canada and Europe, primarily focused on providing non-standard automobile insurance and other niche and specialty insurance solutions. The Company operates and distributes insurance products through Echelon Insurance, The Insurance Company of Prince Edward Island and Qudos Insurance. It trades on the Toronto Stock Exchange under the symbol EFH. For more information, visit echeloninsurance.ca.
SOURCE Echelon Financial Holdings Inc.
For further information: Kathy Shulman, Manager, Investor Relations, 905-214-7880, firstname.lastname@example.org, echeloninsurance.ca