Star Navigation Announces Board of Directors Changes
Star Navigation Systems Group announces changes to its Board of Directors. Mr. Gary Panaich resigned effective October 28th, 2024, after serving for four-and-a-half years during which he helped navigate the company through bankruptcy, COVID challenges, and CSE relisting. The company appointed two new directors: Mr. Allwyn Ronald Mendonca, bringing 8 years of banking experience and 13 years in real estate, and Mr. Harmeet Singh Gill, with 33 years in aviation/airline industry experience and 23 years at Star Navigation. CEO Randy Koroll expressed gratitude to Panaich and enthusiasm for the new appointments.
Star Navigation Systems Group annuncia cambiamenti nel suo Consiglio di Amministrazione. Il signor Gary Panaich si è dimesso con effetto dal 28 ottobre 2024, dopo aver servito per quattro anni e mezzo durante i quali ha aiutato a guidare l'azienda attraverso la bancarotta, le sfide legate al COVID e il reinserimento in borsa. L'azienda ha nominato due nuovi amministratori: Mr. Allwyn Ronald Mendonca, con 8 anni di esperienza bancaria e 13 anni nel settore immobiliare, e Mr. Harmeet Singh Gill, che vanta 33 anni di esperienza nel settore aeronautico/compagnie aeree e 23 anni in Star Navigation. Il CEO Randy Koroll ha espresso gratitudine a Panaich e entusiasmo per le nuove nomine.
Star Navigation Systems Group anuncia cambios en su Junta Directiva. El Sr. Gary Panaich renunció con efecto a partir del 28 de octubre de 2024, tras haber servido durante cuatro años y medio, durante los cuales ayudó a navegar la empresa a través de la bancarrota, los desafíos del COVID y la re-lista en la CSE. La empresa nombró a dos nuevos directores: Mr. Allwyn Ronald Mendonca, que aporta 8 años de experiencia bancaria y 13 años en bienes raíces, y Mr. Harmeet Singh Gill, con 33 años de experiencia en la industria de la aviación/aerolíneas y 23 años en Star Navigation. El CEO Randy Koroll expresó su gratitud a Panaich y entusiasmo por los nuevos nombramientos.
스타 네비게이션 시스템즈 그룹이 이사회에 변화를 발표했습니다. 가리 파나이치 씨가 2024년 10월 28일부로 사임했으며, 그는 파산, COVID 관련 도전과 CSE 재상장 과정에서 회사를 이끌며 4년 반 동안 재직했습니다. 회사는 두 명의 새로운 이사를 임명했습니다: 앨윈 로널드 멘돈카 씨, 은행 분야에서 8년, 부동산에서 13년의 경험을 가진 인물과 하르밋 싱 길 씨, 항공/항공사 산업에서 33년, 스타 네비게이션에서 23년의 경력을 가진 인물입니다. CEO 랜디 코롤은 파나이치 씨에게 감사의 뜻을 전하고 새로운 임명에 대한 기대감을 표현했습니다.
Star Navigation Systems Group annonce des changements dans son Conseil d'Administration. M. Gary Panaich a démissionné avec effet au 28 octobre 2024, après avoir servi pendant quatre ans et demi, période durant laquelle il a aidé à naviguer l'entreprise à travers la faillite, les défis liés au COVID et le nouvel enregistrement à la CSE. L'entreprise a nommé deux nouveaux directeurs : M. Allwyn Ronald Mendonca, apportant 8 années d'expérience bancaire et 13 années dans l'immobilier, et M. Harmeet Singh Gill, avec 33 ans d'expérience dans l'industrie aéronautique/des compagnies aériennes et 23 ans chez Star Navigation. Le PDG Randy Koroll a exprimé sa gratitude envers Panaich et son enthousiasme pour les nouveaux recrutements.
Star Navigation Systems Group kündigt Änderungen in seinem Vorstand an. Herr Gary Panaich trat am 28. Oktober 2024 von seinem Posten zurück, nachdem er viereinhalb Jahre gedient hatte, in denen er half, das Unternehmen durch die Insolvenz, die Herausforderungen durch COVID und die Wiederaufnahme an der CSE zu navigieren. Das Unternehmen ernannte zwei neue Direktoren: Mr. Allwyn Ronald Mendonca, der 8 Jahre Erfahrung im Bankwesen und 13 Jahre im Immobilienbereich mitbringt, sowie Mr. Harmeet Singh Gill, der 33 Jahre Erfahrung in der Luftfahrt-/Fluggesellschaftsbranche und 23 Jahre bei Star Navigation hat. CEO Randy Koroll drückte seine Dankbarkeit gegenüber Panaich aus und seine Vorfreude auf die neuen Ernennungen.
- Addition of two experienced board members with diverse expertise in aviation, banking, and real estate
- Harmeet Singh Gill brings 33 years of aviation industry experience and 23 years with Star Navigation
- Maintained successful track record in fundraising and international market presentations
- Loss of key board member who provided important financial support during COVID and bankruptcy
Brampton, Ontario--(Newsfile Corp. - November 7, 2024) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") announces the resignation of Mr. Gurdip Panaich from the Board of Directors and the additions of Mr. Harmeet Gill and Mr. Allwyn Mendonca as new Board of Director members.
The Company announces the resignation of Mr. Gary Panaich from the Board of Directors for personal reasons, effective October 28th, 2024. Over the past four-and one-half years, Mr. Panaich Gary has been a steadfast champion for Star. He dedicated countless hours to help navigate the Company through the challenges of the bankruptcy process it faced in early 2020, providing crucial financial support during the COVID pandemic that same year, helping get the Company relisted on the CSE, and working to resolve numerous issues faced by the Company. The Company extends its deepest gratitude to Mr. Panaich for his unwavering service and commitment to Star and wishes him the best with his future endeavors.
The Company is also announcing the addition of two new Directors to the Company's Board of Directors.
Mr. Allwyn Ronald Mendonca, is a graduate of Mumbai University who immigrated to Canada in 2005 with his wife and three children, He brings a unique perspective to Star with eight years in banking across various management roles and 13 years as a top-performing real estate agent (ranking in the top
Mr. Harmeet Singh Gill, has been in the Aviation/Airline Industry for over 33 years and is currently a Business Consultant and Director at Star Navigation Systems. Mr. Gill graduated in Mechanical Engineering from the UK. He came to Canada in 1982 where he has worked for Air Canada in Aircraft Maintenance, Indal Technologies specializing in Rast and Radar Systems for the Navy across the globe.
He has been with Star for over 23 years working initially with the Engineering Department before joining Investor Relations department. He has raised substantial amounts of money for Star Navigation over the years. He has presented to numerous Brokers, Institutions and individual investors across Canada. He has presented Star's technology at international airshows in Dubai, Singapore, India, and was instrumental with presentations at recent conferences in Nairobi, Rwanda Africa.
He has a proven track record of delivering compelling presentations across diverse markets. He will be a vital asset in guiding and developing Star's future strategic initiatives. As we innovate and expand our market presence, Mr. Gills expertise will be instrumental in propelling our vision forward. His previous role with Air Canada further underscores his ability to drive impactful results on a global scale.
Mr. Randy Koroll, Director & CEO of Star, expresses a large amount of gratitude for the help that Mr. Panaich gave to the Company over the years and is enthusiastic about the new appointments, stating, "We are thrilled to welcome Allwyn and Harmeet to our Board.
Their extensive backgrounds will serve as invaluable resources as we intensify our focus on growth and new opportunities. We remain committed to exemplary governance practices, ensuring a majority of our Board members operate independently of management."
About Star Navigation Systems - www.star-navigation.com
Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. The STAR-A.D.S.® System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI Division (Military and Defence) designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
Forward Looking Information
Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future.
When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.
Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.
Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.
Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.
Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Please visit www.star-navigation.com or contact
Randy Koroll, Chief Executive Officer at 1-416-252-2889 x228
randy.koroll@star-navigation.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229189
FAQ
When did Gary Panaich resign from Star Navigation's (SNAVF) board?
Who are the new board members appointed to Star Navigation (SNAVF) in 2024?
What experience does Harmeet Singh Gill bring to Star Navigation (SNAVF)?
