NFI Announces Updates to Board Leadership
NFI Group Inc. (TSX: NFI, OTC: NFYEF) announced key changes to its Board leadership. Colin Robertson, previously Vice Chair of the Board, has been appointed as the new Board Chair, replacing Chan Galbato who stepped down to pursue other opportunities. Larry Edwards will take on the role of Lead Independent Director.
Robertson, who has served on NFI's Board since 2020, brings over 30 years of global manufacturing and leadership experience, including 13 years as CEO of Alexander Dennis (acquired by NFI in 2019). His previous executive roles include positions at Cummins Inc. and Terex
Following Galbato's departure, his nomination has been withdrawn from the upcoming shareholder meeting, where the company will proceed with ten other director candidates.
NFI Group Inc. (TSX: NFI, OTC: NFYEF) ha annunciato importanti cambiamenti nella leadership del suo Consiglio di Amministrazione. Colin Robertson, precedentemente Vicepresidente del Consiglio, è stato nominato nuovo Presidente, sostituendo Chan Galbato che si è dimesso per intraprendere nuove opportunità. Larry Edwards assumerà il ruolo di Direttore Indipendente Capo.
Robertson, membro del Consiglio di NFI dal 2020, porta con sé oltre 30 anni di esperienza globale nella produzione e nella leadership, inclusi 13 anni come CEO di Alexander Dennis (acquisita da NFI nel 2019). I suoi precedenti ruoli dirigenziali includono posizioni presso Cummins Inc. e Terex.
A seguito della partenza di Galbato, la sua candidatura è stata ritirata dall'assemblea degli azionisti in programma, dove l'azienda procederà con altri dieci candidati al Consiglio.
NFI Group Inc. (TSX: NFI, OTC: NFYEF) anunció cambios clave en la dirección de su Junta Directiva. Colin Robertson, anteriormente Vicepresidente de la Junta, ha sido nombrado nuevo Presidente, reemplazando a Chan Galbato, quien renunció para buscar otras oportunidades. Larry Edwards asumirá el cargo de Director Independiente Principal.
Robertson, que forma parte de la Junta de NFI desde 2020, aporta más de 30 años de experiencia global en manufactura y liderazgo, incluyendo 13 años como CEO de Alexander Dennis (adquirida por NFI en 2019). Sus roles ejecutivos anteriores incluyen posiciones en Cummins Inc. y Terex.
Tras la salida de Galbato, su nominación fue retirada de la próxima reunión de accionistas, donde la compañía continuará con otros diez candidatos para el directorio.
NFI Group Inc. (TSX: NFI, OTC: NFYEF)는 이사회 리더십에 주요 변화를 발표했습니다. 이전에 이사회 부의장이었던 콜린 로버트슨이 새 이사회 의장으로 임명되었으며, 다른 기회를 추구하기 위해 사임한 찬 갈바토를 대신합니다. 래리 에드워즈는 수석 독립 이사 역할을 맡게 됩니다.
2020년부터 NFI 이사회에서 활동해 온 로버트슨은 30년 이상의 글로벌 제조 및 리더십 경험을 보유하고 있으며, 13년간 Alexander Dennis(2019년 NFI가 인수)의 CEO를 역임했습니다. 이전에는 Cummins Inc.와 Terex에서 임원직을 수행했습니다.
갈바토의 퇴임에 따라 그의 후보 지명은 다가오는 주주총회에서 철회되었으며, 회사는 다른 10명의 이사 후보와 함께 절차를 진행할 예정입니다.
NFI Group Inc. (TSX : NFI, OTC : NFYEF) a annoncé des changements majeurs dans la direction de son conseil d'administration. Colin Robertson, auparavant vice-président du conseil, a été nommé nouveau président, remplaçant Chan Galbato qui a démissionné pour poursuivre d'autres opportunités. Larry Edwards assumera le rôle de directeur indépendant principal.
Robertson, membre du conseil d'administration de NFI depuis 2020, apporte plus de 30 ans d'expérience mondiale en fabrication et en leadership, dont 13 ans en tant que PDG d'Alexander Dennis (acquis par NFI en 2019). Ses précédents postes de direction incluent des fonctions chez Cummins Inc. et Terex.
Suite au départ de Galbato, sa nomination a été retirée de la prochaine assemblée des actionnaires, où la société poursuivra avec dix autres candidats au conseil d'administration.
NFI Group Inc. (TSX: NFI, OTC: NFYEF) gab wichtige Änderungen in der Führung seines Vorstands bekannt. Colin Robertson, zuvor stellvertretender Vorstandsvorsitzender, wurde zum neuen Vorstandsvorsitzenden ernannt und ersetzt Chan Galbato, der zurückgetreten ist, um andere Möglichkeiten zu verfolgen. Larry Edwards übernimmt die Rolle des leitenden unabhängigen Direktors.
Robertson, der seit 2020 im Vorstand von NFI tätig ist, bringt über 30 Jahre globale Erfahrung in der Fertigung und Führung mit, darunter 13 Jahre als CEO von Alexander Dennis (2019 von NFI übernommen). Zu seinen früheren Führungspositionen zählen Tätigkeiten bei Cummins Inc. und Terex.
Nach Galbatos Ausscheiden wurde seine Nominierung für die bevorstehende Hauptversammlung zurückgezogen, bei der das Unternehmen mit zehn weiteren Direktorkandidaten fortfahren wird.
- Appointment of experienced leader Colin Robertson as Board Chair with 30+ years of global manufacturing expertise
- Seamless leadership transition with Larry Edwards assuming Lead Independent Director role
- None.
WINNIPEG, Manitoba, April 15, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI, or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that Colin Robertson, previously Vice Chair of the Board, has been appointed Chair of the Board, succeeding Chan Galbato, who has decided to step down from the Board to pursue other opportunities. NFI Vice Chair Larry Edwards will assume the role of Lead Independent Director.
“On behalf of the Company, I would like to thank Mr. Galbato for his service, dedication and the significant effort and energy that he devoted to NFI,” said Paul Soubry, President and Chief Executive Officer of NFI.
Mr. Robertson has served on NFI’s Board since 2020 and brings over 30 years of global manufacturing and leadership experience, including 13 years as Chief Executive Officer of Alexander Dennis Limited (AD), acquired by NFI in 2019. Mr. Robertson previously held executive positions with global engine and power generation leader Cummins Inc., and Terex Corporation, a leading manufacturer of lifting and material handling equipment.
“NFI is uniquely positioned to capitalize on compelling market opportunities as it advances its leadership in bus and coach technology, manufacturing, and aftermarket services,” said Mr. Robertson, NFI’s new Board Chair. “The Company is poised to deliver significant value creation, and I look forward to working closely with my fellow directors and the leadership team as we drive NFI forward.”
Given that Mr. Galbato has stepped down from the Board, his nomination has been removed from the slate of directors proposed to be elected at the upcoming meeting of Company’s shareholders and the Company will proceed to nominate the other ten candidates.
About NFI
Leveraging 450 years of combined experience, NFI offers a wide range of propulsion agnostic bus and coach platforms, including market leading electric models. Through its low- and zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.
With nearly 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motorcoaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares trade on the Toronto Stock Exchange (TSX) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.
Forward-Looking Statement
This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions (including as a result of tariffs and other trade measures) and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services (including as a result of recent U.S. policy developments); customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca.
Due to the potential impact of these factors, NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For investor and media inquiries, please contact:
Stephen King
P: 204.792.1300
Stephen.King@nfigroup.com
FAQ
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