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.
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