AirBoss Announces Board Changes
AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) announced changes to its Board of Directors, effective September 13, 2024. Mary Matthews, who has served since May 2006, is retiring for personal reasons. Jo-Anne O'Connor, President and CEO of Strategem Capital, has been appointed to the board.
Chairman and Co-CEO Gren Schoch expressed gratitude for Matthews' contributions and welcomed O'Connor, citing her extensive experience in financial capital markets and corporate sectors. O'Connor brings over 35 years of experience, including trading large-cap energy, natural resources, and mining stocks for one of Canada's largest banks. She is expected to provide valuable insights as AirBoss moves forward with its strategic transition and explores growth opportunities.
AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) ha annunciato cambiamenti nel suo Consiglio di Amministrazione, con effetto dal 13 settembre 2024. Mary Matthews, che ha ricoperto il ruolo dal maggio 2006, si ritirerà per motivi personali. Jo-Anne O'Connor, Presidente e CEO di Strategem Capital, è stata nominata membro del consiglio.
Il Presidente e Co-CEO Gren Schoch ha espresso gratitudine per i contributi di Matthews e ha dato il benvenuto a O'Connor, citando la sua vasta esperienza nei mercati finanziari e nei settori aziendali. O'Connor porta con sé oltre 35 anni di esperienza, incluso il trading di azioni di grandi capitalizzazioni nei settori energetico, delle risorse naturali e minerario per una delle più grandi banche del Canada. Si prevede che fornisca preziosi approfondimenti mentre AirBoss avanza nella sua transizione strategica ed esplora opportunità di crescita.
AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) anunció cambios en su Junta Directiva, con efecto a partir del 13 de septiembre de 2024. Mary Matthews, quien ha ocupado el cargo desde mayo de 2006, se jubila por motivos personales. Jo-Anne O'Connor, Presidenta y CEO de Strategem Capital, ha sido nombrada para la junta.
El Presidente y Co-CEO Gren Schoch expresó su gratitud por las contribuciones de Matthews y dio la bienvenida a O'Connor, citando su amplia experiencia en los mercados de capital financiero y en sectores corporativos. O'Connor trae más de 35 años de experiencia, incluyendo el comercio de acciones de gran capitalización en los sectores energético, de recursos naturales y minería para uno de los bancos más grandes de Canadá. Se espera que proporcione valiosas perspectivas mientras AirBoss avanza en su transición estratégica y explora oportunidades de crecimiento.
AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF)는 2024년 9월 13일부터 발효되는 이사회 변화를 발표했습니다. 2006년 5월부터 활동해온 Mary Matthews는 개인적인 사유로 은퇴합니다. Strategem Capital의 회장 겸 CEO인 Jo-Anne O'Connor가 이사회에 임명되었습니다.
회장 겸 공동 CEO인 Gren Schoch는 Matthews의 기여에 감사의 뜻을 표하고 O'Connor를 환영하며 그녀의 금융 자본 시장 및 기업 분야에서의 광범위한 경험을 언급했습니다. O'Connor는 캐나다 최대 은행 중 하나에서 대형 에너지, 천연 자원 및 광물 주식 거래를 포함하여 35년 이상의 경험을 가지고 있습니다. AirBoss가 전략적 전환을 진행하고 성장 기회를 탐색하는 동안 귀중한 통찰력을 제공할 것으로 기대됩니다.
AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) a annoncé des changements au sein de son Conseil d'Administration, prenant effet le 13 septembre 2024. Mary Matthews, qui a été membre depuis mai 2006, prend sa retraite pour des raisons personnelles. Jo-Anne O'Connor, Présidente et CEO de Strategem Capital, a été nommée au conseil.
Le Président et Co-CEO Gren Schoch a exprimé sa gratitude pour les contributions de Matthews et a souhaité la bienvenue à O'Connor, en citant son expérience extensive dans les marchés de capitaux financiers et dans les secteurs d'entreprise. O'Connor apporte plus de 35 ans d'expérience, notamment dans le commerce des actions de grandes entreprises dans les secteurs de l'énergie, des ressources naturelles et de l'exploitation minière pour l'une des plus grandes banques du Canada. On s'attend à ce qu'elle offre des perspectives précieuses alors qu'AirBoss avance dans sa transition stratégique et explore des opportunités de croissance.
AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) gab Änderungen im Vorstand bekannt, die am 13. September 2024 in Kraft treten. Mary Matthews, die seit Mai 2006 im Amt ist, tritt aus persönlichen Gründen zurück. Jo-Anne O'Connor, Präsidentin und CEO von Strategem Capital, wurde in den Vorstand berufen.
Der Vorsitzende und Co-CEO Gren Schoch drückte seine Dankbarkeit für Matthews' Beiträge aus und begrüßte O'Connor, wobei er auf ihre umfassende Erfahrung in den Finanzmärkten und der Unternehmenssektoren hinwies. O'Connor bringt über 35 Jahre Erfahrung mit, darunter den Handel mit Großunternehmen im Energiesektor, im Bereich der natürlichen Ressourcen und im Bergbau für eine der größten Banken Kanadas. Es wird erwartet, dass sie wertvolle Einblicke bietet, während AirBoss mit seinem strategischen Übergang voranschreitet und Wachstumschancen erkundet.
- Appointment of Jo-Anne O'Connor, an experienced financial and corporate sector professional, to the Board of Directors
- Potential for new perspectives and insights to support AirBoss's strategic transition and growth initiatives
- None.
NEWMARKET, Ontario, Sept. 13, 2024 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced the retirement of Mary Matthews, CPA, CA, ICD.D, from its Board of Directors, for personal reasons, and the appointment of Jo-Anne O’Connor, the President and Chief Executive Officer of Strategem Capital, to its Board of Directors. Both changes are effective as of September 13, 2024.
“Mary Matthews has been a valued member of the Board of Directors of AirBoss since May 2006, providing invaluable insight and guidance to the Company through her work on the board and various committees,” said Chairman and Co-CEO Gren Schoch. “We are grateful for her contributions and wish her the best in future endeavors. At the same time, we are excited to welcome Jo-Anne O’Connor to the Board. With her extensive experience in financial capital markets, corporate sectors, and leadership as President and CEO of Strategem Capital, we believe Ms. O’Connor will bring a unique and valuable perspective to the Company as we move forward with our previously announced strategic transition and explore new avenues for growth and maximizing shareholder value."
Jo-Anne O’Connor is the President and Chief Executive Officer of Strategem Capital, a publicly-listed company with an objective for continued growth through investments in resource exploration and development, mining, energy production and agricultural protein products. She brings over 35 years of experience in financial capital markets and corporate sectors, having started her career at one of Canada’s largest banks. During her time there, Ms. O’Connor traded large-cap energy, natural resources and mining stocks for the bank’s portfolio. More recently, she has provided investment and strategic advice to family offices. She is also a former director at Canaccord Genuity Group and a member of the Prospectors and Developers Association and the Institute of Corporate Directors.
About AirBoss
AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber compounds and finished rubber products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations. The Company’s shares trade on the TSX under the symbol BOS and on the OTCQX under the symbol ABSSF. Visit www.airboss.com for more information.
AIRBOSS FORWARD LOOKING INFORMATION DISCLAIMER
Certain statements contained or incorporated by reference herein, including those that express management’s expectations or estimates of future developments or AirBoss’ future performance, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and can generally be identified by words such as “will”, “may”, “could” “expects”, “believes”, “anticipates”, “forecasts”, “plans”, “intends”, “should” or similar expressions. These statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events and performance.
Statements containing forward-looking information are necessarily based upon a number of opinions, estimates and assumptions that, while considered reasonable by management at the time the statements are made, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies. AirBoss cautions that such forward-looking information involves known and unknown contingencies, uncertainties and other risks that may cause AirBoss’ actual financial results, performance or achievements to be materially different from its estimated future results, performance or achievements expressed or implied by the forward-looking information. Numerous factors could cause actual results to differ materially from those in the forward-looking information, including without limitation: impact of general economic conditions, notably including its impact on demand for rubber solutions and products; dependence on key customers; global defense budgets, notably in the Company’s target markets, and success of the Company in obtaining new or extended defense contracts; cyclical trends in the tire and automotive, construction, mining and retail industries; sufficient availability of raw materials at economical costs; weather conditions affecting raw materials, production and sales; AirBoss’ ability to maintain existing customers or develop new customers in light of increased competition; AirBoss’ ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; AirBoss’ ability to successfully develop and execute effective business strategies, including without limitation the strategic transition referenced in this press release; changes in accounting policies and methods, including uncertainties associated with critical accounting assumptions and estimates; changes in the value of the Canadian dollar relative to the US dollar; changes in tax laws; current and future litigation; ability to obtain financing on acceptable terms and ability to satisfy the covenants set forth in such financing arrangements; environmental damage and non-compliance with environmental laws and regulations; impact of global health situations; potential product liability and warranty claims and equipment malfunction. There is increased uncertainty associated with future operating assumptions and expectations as compared to prior periods. This list is not exhaustive of the factors that may affect any of AirBoss’ forward-looking information.
All of the forward-looking information in this press release is expressly qualified by these cautionary statements. Investors are cautioned not to put undue reliance on forward-looking information. All subsequent written and oral forward-looking information attributable to AirBoss or persons acting on its behalf are expressly qualified in their entirety by this notice. Forward-looking information contained herein is made as of the date of this Interim Report and, whether as a result of new information, future events or otherwise, AirBoss disclaims any intent or obligation to update publicly the forward-looking information except as required by applicable laws. Risks and uncertainties about AirBoss’ business are more fully discussed under the heading “Risk Factors” in our most recent Annual Information Form and are otherwise disclosed in our filings with securities regulatory authorities which are available on SEDAR+ at www.sedarplus.com.
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