MONTREAL, Jan. 11, 2016 /CNW Telbec/ - The Board of Directors of 5N Plus Inc. (TSX: VNP), the leading producer of specialty metal and chemical products, is pleased to announce the appointment of Mr. Luc Bertrand as the Company's new Chairman of the Board effective immediately. He succeeds Mr. Jean-Marie Bourassa, who will continue to serve on the board and as Chair of the Audit & Risk Management Committee, a position he already holds.
Mr. Luc Bertrand is Vice-Chairman of National Bank of Canada, a position he has assumed since February 2011, where he is responsible for developing and maintaining relations with corporate, institutional and government clients in Canada. He also acts as strategic advisor to management, particularly on matters pertaining to government relations and capital market regulations. During his illustrious career, Mr. Bertrand has held various management positions in the financial services industry. From 2000 to 2009, he was President and Chief Executive Officer of Montreal Exchange Inc. and held the position of Vice-President and Managing Director of Institutional Equity Sales at National Bank Financial from 1998 to 2000.
Aside from his professional duties, Mr. Bertrand is an active member of boards of directors and industry committees. He currently serves on the Board of the International Finance Centre of Montréal, is also Chairman of the Board of the Montreal Canadiens/CH Group Inc. Mr. Bertrand also serves on the Board of TMX Group and previously held the position of Chief Executive Officer of Maple Group Acquisition Corporation. In recent years, he has been a director of the Canadian Derivatives Clearing Corporation, Vice-Chairman of the Board of the Boston Options Exchange, Chairman of the Board of the Montréal Climate Exchange, and a director of the Natural Gas Exchange.
"Luc Bertrand is greatly respected in the business community having, among other things, consolidated Canada's international standing in the derivatives market when he was with Montreal Exchange Inc., and having lead different consortiums which were successful in acquiring the TMX Group in 2012 and the Montreal Canadiens/CH Group in 2009. We are confident that Mr. Bertrand will make a tremendous contribution to 5N Plus' development," said Jacques L'Ecuyer, retiring President and Chief Executive Officer of 5N Plus and Jean-Marie Bourassa, Chairman of the Audit & Risk Management Committee of 5N Plus.
"I am very pleased by the nomination of Luc Bertrand who is very well established in the financial markets. I believe this will facilitate my work and will be most beneficial for 5N Plus. I look forward to working with him as we lead the Company towards its next phase of development," said Arjang Roshan, upcoming President and Chief Executive Officer of 5N Plus.
About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical products. Fully integrated with closed-loop recycling facilities, the Company is headquartered in Montreal, Québec, Canada and operates manufacturing facilities and sales offices in several locations in Europe, the Americas and Asia. 5N Plus deploys a range of proprietary and proven technologies to produce products which are used in a number of advanced pharmaceutical, electronic and industrial applications. Typical products include purified metals such as bismuth, gallium, germanium, indium, selenium and tellurium, inorganic chemicals based on such metals and compound semiconductor wafers. Many of these are critical precursors and key enablers in markets such as solar, light-emitting diodes and eco-friendly materials.
Forward-Looking Statements and Disclaimer
This press release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of historical facts contained in this press release are forward-looking information. Such statements and information may be identified by words such as "about", "approximately", "may", "believes", "expects", "will", "intends", "should", "plans", "predicts", "potential", "projects", "anticipates", "estimates", "continues" or similar words or the negative thereof or other comparable terminology. Forward-looking statements are based on the best estimates available to 5N Plus at this time and involve known and unknown risks, uncertainties and other factors that may cause 5N Plus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. A description of the risks affecting 5N Plus' business and activities appears under the heading "Risk and Uncertainties" of 5N Plus' 2014 MD&A dated February 24, 2015 and notes 11 and 12 of the unaudited condensed interim consolidated financial statements for the three and nine-month periods ended September 30, 2015 and 2014, available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that 5N Plus will derive therefrom. In particular, no assurance can be given as to the future financial performance of 5N Plus. The forward-looking information contained in this press release is made as of the date hereof and 5N Plus undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws. The reader is warned against placing undue reliance on these forward-looking statements.
SOURCE 5N Plus Inc.
For further information: Jean Mayer, Vice President, Legal Affairs and Corporate Secretary, 5N Plus Inc., (514) 856-0644 x6178, [email protected]