Jocelyne M. Côté-O'Hara Retiring After 17 Years of Service
WINNIPEG, Sept. 17, 2014, /CNW/ - (TSX: MBT) Manitoba Telecom Services Inc. (the "Company", including its two operating subsidiaries "MTS" and "Allstream") today announced that Barbara Fraser has been appointed to the Company's Board of Directors. Jocelyne M. Côté-O'Hara is retiring after 17 years of service.
Jocelyne M. Côté-O'Hara joined the Board of Directors of the Company in 1997 and has served on the Human Resources and Governance and Nominating Committees. "I would like to extend my sincere thanks to Ms. Côté-O'Hara for her service to our shareholders and the Company," said David Leith, the Company's Chair of the Board. Ms. Côté-O'Hara has had more than 30 years in the telecom and technology industries as an executive, director and advisor including appointments as Vice President of BC Tel and President and CEO of Stentor Alliance Company.
Ms. Fraser has extensive Board experience and continues to serve on the Boards of Ivey School of Business, Gerber Life Insurance Company, MD Life Insurance Company, and Economical Insurance Group. She has been honoured as Ivey Board Member Emeritus for her distinguished service and inducted into the Academy of Women Achievers, YWCA of the City of New York.
"Ms. Fraser is an innovative leader in consumer marketing and we are excited to welcome her to the Company's Board of Directors," said Mr. Leith. "We believe her strong experience, especially in marketing and business strategy will enhance our Board's breadth of skills and expertise and will be extremely valuable to the Company in achieving its strategic and financial goals."
Ms. Fraser invested the first twenty-four years of her career at Procter & Gamble, where she was the fastest rising woman in the marketing ranks, and ultimately, ran both the Paper and Beauty Care Products businesses in Canada as General Manager. She has held a number of executive positions including as Chairman & CEO of Citicorp Investment Services and Citicorp Insurance Group and as Chairman & CEO of IDS Life Insurance Company.
The Board of Directors of the Company continues to be comprised of 11 Directors, four of whom are women.
About Manitoba Telecom Services Inc. (MTS Allstream)
MTS Allstream is one of Canada's leading national communication solutions companies, providing innovative communications for the way Canadians live and work today. The company has more than 100 years of experience, with approximately 5,000 employees across Canada. MTS Allstream's business is dynamic and consists of two operating divisions. In Manitoba, MTS is the leading full-service telecommunications provider for residential and business customers. MTS's suite of services includes the latest in wireless technology, broadband services, IPTV, voice services, home security, and an extensive range of business solutions. Across Canada, Allstream is a leader in IP communications and is the only national provider that focuses exclusively on the business telecommunications market. MTS Allstream has nearly two million customer connections spanning business customers across Canada and residential consumers throughout the province of Manitoba. The Company's extensive national fibre optic network spans more than 30,000 kilometres. MTS Allstream has spent 13 consecutive years on the Jantzi Social Index for leadership in social responsibility and is the recipient of the 2014 Best Overall Governance Award by the Canadian Society of Corporate Secretaries, recognizing a high level of effectiveness across the three pillars of governance, risk and compliance, and the 2011 Governance Gavel Award from the Canadian Coalition for Good Governance, recognizing clear and effective public disclosure and leading governance practices. MTS Allstream's common shares are listed on the TSX (trading symbol: MBT). Customers, stakeholders and investors who want to learn more about MTS Allstream are encouraged to visit: www.mtsallstream.com. For more information about MTS's products and services, please visit www.mts.ca. For more information about Allstream's products and services, please visit www.allstream.com.
Forward-looking Statements Disclaimer
This news release includes forward-looking statements and information (collectively, the "statements") about the Company's governance, oversight, leadership, direction, business opportunities, operations, financial objectives and future financial results and performance that are subject to risks, uncertainties and assumptions. As a consequence, actual results in the future may differ materially from any conclusion, forecast or projection in such forward-looking statements. Therefore, forward-looking statements should be considered carefully and undue reliance should not be placed on them. Examples of statements that constitute forward-looking information may be identified by words such as "believe", "expect", "project", "should", "anticipate", "could", "target", "forecast", "intend", "plan", "outlook", "see", "set", "pending", and other similar terms.
Factors that could cause anticipated opportunities and actual results to differ materially include, but are not limited to, matters identified in the "Material assumptions" section, and the "Risks and uncertainties" section, in the Company's 2013 Annual MD&A and 2013 Annual Information Form, all of which are available on SEDAR at www.sedar.com.
Please note that forward-looking statements reflect Management's expectations as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Manitoba Telecom Services Inc.
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