Exco Technologies Announces Resignation of Director

Rhea-AI Summary

Exco Technologies Limited announced the resignation of Anne Marie Turnbull as a director, effective August 31, 2022. President and CEO Darren Kirk expressed gratitude for her contributions and wished her well in the future. The company is currently searching for a replacement independent director and aims to appoint a candidate soon. Exco is a global supplier of innovative technologies in the die-cast, extrusion, and automotive industries, employing approximately 5,000 people across 20 strategic locations in 9 countries.

Positive

• The search for a replacement independent director may bring fresh perspectives to the Board.

Negative

• The resignation of a board member may raise concerns about continuity in governance.
• There may be an experience gap until a new director is appointed.

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF) today announced that Anne Marie Turnbull has resigned as a director of Exco, effective August 31, 2022.

Darren Kirk, President and CEO, commented: “On behalf of the Board, I would like to thank Anne Marie for her contributions to Exco over the years and wish her all the best in her future endeavours.”

Exco has commenced a search for a replacement independent director to join the Board and expects to have a potential candidate to appoint in the near future.

	Source:	Exco Technologies Limited (TSX-XTC)
	Contact:	Darren Kirk, President and CEO
	Telephone:	(905) 477-3065 Ext. 7233
	Website:	http://www.excocorp.com

About Exco Technologies Limited:

Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 20 strategic locations in 9 countries, we employ approximately 5,000 people and service a diverse and broad customer base.

FAQ

What prompted the resignation of Anne Marie Turnbull from Exco Technologies?

Anne Marie Turnbull resigned as a director of Exco Technologies effective August 31, 2022, with no specific reasons provided in the press release.

How will the resignation of Anne Marie Turnbull affect Exco Technologies?

The resignation could impact governance and continuity, but the company aims to fill the vacancy quickly with a new independent director.

When will Exco Technologies appoint a new director?

Exco Technologies is actively searching for a replacement independent director and expects to appoint a candidate in the near future.

Who is the CEO of Exco Technologies?

Darren Kirk is the President and CEO of Exco Technologies.

What is Exco Technologies known for?

Exco Technologies is known for being a global supplier of innovative technologies servicing the die-cast, extrusion, and automotive industries.