- Nominees will bring significant expertise to strengthen
existing capabilities of the Board
- If elected, percentage of women Board directors would increase
to 36%
MONTREAL, April 5,
2022 /CNW Telbec/ - SNC-Lavalin (TSX: SNC), a
fully integrated professional services and project management
company with offices around the world, announces the nominations of
Baroness Ruby McGregor-Smith CBE,
and Mr. Robert Paré for election to the Board of Directors at the
Company's upcoming Annual Meeting of Shareholders, to be held on
Thursday, May 5, 2022. The nominees,
both considered independent directors if elected, will bring
significant experience and expertise to complement the capabilities
of the Board, and drive shareholder value. The Company also
announces that current Board member Mr. Zin
Smati will not be standing for re-election at the upcoming
Annual Meeting of Shareholders.
"I'm pleased to announce the nominations of Ruby and Robert to
the Board. With their skillsets in corporate governance and
leadership, they are well positioned to provide the effective
oversight and direction required for SNC-Lavalin's ambitious
vision, plan, and purpose and I am confident that their presence
will strengthen the ability to execute our mandate of value
creation for all shareholders. We're pleased to recommend their
election to the Board," said William L.
Young, Chair of the Board. "On behalf of the Board,
management, shareholders, and our employees, I would also like to
thank Zin for his tireless commitment and years of service to the
Board."
The nominations of Ms. McGregor-Smith and Mr. Paré followed an
extensive search process by the Governance, Ethics and
Sustainability Committee of the Board. The Board will continue to
ensure its composition is well aligned to support senior management
with the execution of its new three-year strategic growth plan and
with the next phase of the Company's growth.
With the nomination of Ms. McGregor-Smith, and if all director
nominees at the Annual Meeting are elected, the percentage of women
directors on the Board will increase to 36%. This exceeds the
Company's target to maintain at least 30% representation of women
on its Board. SNC-Lavalin remains unwavering in its commitment to
prioritize and focus on diversity in all its forms at the Board
level.
Background of Ruby McGregor-Smith,
CBE
With particular expertise in the UK market - one of
SNC-Lavalin's core growth regions - Ms. McGregor-Smith, a corporate
director, brings more than 25 years of experience in the sectors of
infrastructure services and facilities management. From 2007 to
2016, she was CEO of the Mitie Group plc, a strategic outsourcing
and energy services company, and was the first Asian woman to be
appointed to such a role in the FTSE 250 or FTSE 100. Ms.
McGregor-Smith is the President of the British Chambers of Commerce
and was appointed a member of the House of Lords in 2015. She is
currently the Chair of Mind Gym plc, the Institute of
Apprenticeships and Technical Education, and the Air Operators
Association. Ms. McGregor-Smith is also a nonexecutive director for
the Tideway Tunnel. She holds a Bachelor of Economics from
Kingston University and a Post
Graduate Diploma in Global Business from the Saïd Business School,
University of Oxford. She is a Fellow
of the Institute of Chartered Accountants in England and Wales. In 2012, Ms. McGregor-Smith was
appointed a Commander of the Order of the British Empire (CBE) for
services to business and diversity in business.
Background of Robert Paré
Residing in Quebec, Mr. Paré is
a corporate director and brings more than 40 years of experience in
business law, particularly in the areas of capital markets, mergers
and acquisitions, and corporate governance. He is currently a
Strategic Advisor to the law firm Fasken Martineau Du Moulin LLP
where he was previously a Senior Partner. As legal and strategic
senior advisor, Mr. Paré has been involved in many corporate
transactions having marked the Canadian and Québec economic
landscapes. Mr. Paré is a director of the Institute for Research
and Immunology and Cancer (IRIC) as well as of the Institute of
Corporate Directors (ICD), having chaired the Québec Chapter from
2015 to 2017. He also sits on the boards of National Bank of
Canada and of Quebecor Inc. Mr.
Paré has a Bachelor's degree in Law from the Université de
Laval and is a member of the
Québec Bar.
About SNC-Lavalin
Founded in 1911,
SNC-Lavalin is a fully integrated professional services and project
management company with offices around the world dedicated to
engineering a better future for our planet and its people. We
create sustainable solutions that connect people, technology and
data to design, deliver and operate the most complex projects. We
deploy global capabilities locally to our clients and deliver
unique end-to-end services across the whole life cycle of an asset
including consulting, advisory & environmental services,
intelligent networks & cybersecurity, design & engineering,
procurement, project & construction management, operations
& maintenance, decommissioning and capital – and delivered to
clients in key strategic sectors such as Engineering Services,
Nuclear, Operations & Maintenance and Capital. News and
information are available at snclavalin.com or follow
us on LinkedIn and Twitter.
SOURCE SNC-Lavalin