Toromont Announces Retirement of Robert Ogilvie and Appointment of Richard Roy as Chair of the Board
15 Julho 2021 - 8:15AM
Toromont Industries Ltd. (TSX:TIH) today announces that after 36
years of dedicated service (34 as Chairman and 20 as CEO), Mr.
Robert M. Ogilvie will retire as both Chairman and Director of the
Board of Directors effective July 15, 2021.
Mr. Ogilvie’s chairmanship extended beyond the
originally scheduled retirement date of April 2021 as the COVID
crisis presented unprecedented uncertainties. The company has
navigated well over the last 16 months, building on a strong
foundation through operational excellence and strategic execution.
Given the company’s solid position, and Mr. Ogilvie’s belief that
Toromont is well positioned for the future, he has advised the
Board it is now an appropriate time to retire.
During Mr. Ogilvie’s distinguished career,
Toromont built a market-leading business through strategic
investments and a number of acquisitions. His legacy and embedded
operating disciplines will be felt for years to come. The Board and
Toromont employees thank Mr. Ogilvie for his incredible loyalty,
vision and leadership.
The Toromont Industries Board of Directors is
pleased to announce the appointment of Mr. Richard G. Roy to the
position of Chairman effective immediately. Mr. Roy was appointed
to Toromont’s Board of Directors in November 2018. During his more
than 35 years of experience he spent 16 years at Uni-Select, where
he advanced through several senior executive roles including Vice
President, Administration and Chief Financial Officer, Vice
President and Chief Operating Officer and President and Chief
Executive Officer. Such roles uniquely position Mr. Roy for the
Toromont chairmanship where he will continue to add significant
value with his wealth of experience and a strong understanding of
the Québec business environment.
Mr. Roy currently sits as chair of Toromont’s
Environmental, Social and Governance Committee and is a member of
the Audit Committee. In addition to the Toromont Board of
Directors, Mr. Roy serves on the board of directors of GDI
Integrated Facility Services Inc. and has held several board
positions previously.
Mr. Roy received his Fellow Chartered Accountant
(FCA) designation from the Ordre des Comptables Professionnels
Agréés du Québec in 2012 and is a graduate of École des Hautes
Études Commerciales (HEC) in Montréal.
About Toromont
Toromont Industries Ltd. operates through two
business segments: The Equipment Group and CIMCO. The Equipment
Group includes one of the larger Caterpillar dealerships by revenue
and geographic territory - spanning the Canadian provinces of
Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince
Edward Island, Québec, Ontario and Manitoba in addition to most of
the territory of Nunavut. In addition, the Group includes industry
leading rental operations, a complementary material handling
business and an agricultural equipment business. CIMCO is a market
leader in the design, engineering, fabrication and installation of
industrial and recreational refrigeration systems. Both segments
offer comprehensive product support capabilities. This press
release and more information about Toromont Industries can be found
at www.toromont.com.
For more information contact:
Scott J. MedhurstPresident and
Chief Executive OfficerToromont Industries Ltd.T: (416)
667-5623-or-Michael S. McMillanExecutive Vice President and Chief
Financial Officer Toromont Industries Ltd.T: (416) 514-4790 |
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