CAE announces appointments to its Board of Directors and 2022 Board of Directors election results
CAE announced the appointment of Alan N. MacGibbon as Chair of the Board, succeeding John Manley, effective following CAE's 2022 Annual Meeting. MacGibbon, an independent director since 2015 and former Deloitte Canada CEO, expressed gratitude and a commitment to innovative training solutions. Additionally, Elise Eberwein and Ayman Antoun have been elected as independent directors. The shareholder meeting also confirmed the election results for the board, reflecting strong support for the nominees with voting percentages exceeding 95% in most cases.
- Alan N. MacGibbon brings significant leadership experience from Deloitte, potentially enhancing CAE's strategic direction.
- The election of Elise Eberwein and Ayman Antoun adds valuable expertise in aviation and technology industries to the board.
- John Manley's departure may raise questions about continuity and experience at the board level.
- Alan N. MacGibbon succeeds the Honourable John Manley as Chair of the Board
- Elise Eberwein and Ayman Antoun elected to the Board as independent directors
MONTREAL, Aug. 10, 2022 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) CAE announced that its Board of Directors has appointed Mr. Alan N. MacGibbon as Chair of the Board following CAE's 2022 Annual Meeting of Shareholders held earlier today. He succeeds the Honourable John Manley who served as a director since 2008 and as Chair of the Board since 2018. In line with CAE's term limits policy, Mr. Manley is not standing for re-election as a director.
Mr. MacGibbon has been an independent director of CAE since 2015.
He was Managing Partner and Chief Executive of Deloitte LLP Canada from 2004 to 2012 and served on the Executive and Global Board of Directors of Deloitte Touche Tohmatsu Limited during this term. He served as Global Managing Director, Quality, Strategy and Communications of Deloitte Touche Tohmatsu Limited and as Senior Counsel of Deloitte LLP Canada from June 2012 to December 2013.
"I am honoured to succeed John as Chair, and grateful for the Board's confidence," said Mr. MacGibbon. "I look forward to working with my fellow directors and our management team to pursue our strategic focus on delivering innovative end-to-end training solutions on a global scale."
CAE is also pleased to announce that Ms. Elise Eberwein and Mr. Ayman Antoun were elected to its Board as independent directors, effective today. Ms. Eberwein has over 35 years of commercial aviation experience, most recently serving as Executive Vice President, People, Communications and Public Affairs for American Airlines, Inc. Mr. Antoun has been General Manager, IBM Americas, which includes Canada, the United States and Latin America, since 2020. He also is a member of IBM's Performance Team, consisting of IBM's top 50 executives globally.
CAE also announced the final director election results from its 2022 Annual Meeting of Shareholders.
The following 13 nominees were elected as Directors of CAE:
Nominee | Votes for | For (%) | Votes Withheld | Withheld (%) |
Ayman Antoun | 254,232,815 | 99.87 % | 323,802 | 0.13 % |
Margaret S. (Peg) Billson | 242,527,719 | 95.27 % | 12,028,898 | 4.73 % |
Elise Eberwein | 254,228,700 | 99.87 % | 327,917 | 0.13 % |
Hon. Michael M. Fortier | 210,614,097 | 82.74 % | 43,942,520 | 17.26 % |
Marianne Harrison | 251,048,760 | 98.62 % | 3,507,857 | 1.38 % |
Alan N. MacGibbon | 244,446,475 | 96.03 % | 10,110,142 | 3.97 % |
Mary Lou Maher | 247,367,289 | 97.18 % | 7,189,328 | 2.82 % |
François Olivier | 251,664,205 | 98.86 % | 2,892,412 | 1.14 % |
Marc Parent | 254,247,882 | 99.88 % | 309,416 | 0.12 % |
Gen. David G. Perkins, USA (Ret.) | 245,614,203 | 96.49 % | 8,942,414 | 3.51 % |
Michael E. Roach | 251,653,182 | 98.86 % | 2,903,435 | 1.14 % |
Patrick M. Shanahan | 254,217,248 | 99.87 % | 339,369 | 0.13 % |
Andrew J. Stevens | 244,222,498 | 95.94 % | 10,334,119 | 4.06 % |
Final results on all matters voted on at the Annual Meeting are filed concurrently with the securities regulators.
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying simulation training and critical operations support solutions. Above all else, we empower pilots, airlines, defence and security forces, and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with more than 13,000 employees in more than 200 sites and training locations in over 40 countries. CAE represents 75 years of industry firsts—the highest-fidelity flight and mission simulators, surgical manikins, and personalized training programs powered by artificial intelligence. We're investing our time and resources into building the next generation of cutting-edge, digitally immersive training and critical operations solutions while keeping positive environmental, social and governance (ESG) impact at the core of our mission. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
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