Toromont Announces the Appointment of Two New Independent Directors
TORONTO, ONTARIO -- (Marketwired) -- 07/29/13 --
Editors Note: There are two photos associated with this release.
The Board of Directors of Toromont Industries Ltd. (TSX:TIH) is
pleased to announce that it has appointed two new independent
directors, Ms. Cathryn E. Cranston and Ms. Katherine A. Rethy,
"We are extremely pleased to have Ms. Cranston and Ms. Rethy join the
Board of Directors to contribute their talent and experience to our
Board," said Robert M. Ogilvie, Chair, Toromont. "Ms. Cranston brings
substantial finance and accounting acumen while Ms. Rethy has
extensive experience in leadership development and operational
issues. Both also have risk management experience."
With the additions of Ms. Cranston and Ms. Rethy, the Company's Board
of Directors now consists of nine members of whom seven are
Ms. Cranston is currently the Senior Vice President, Finance and
Treasurer, BMO Financial Group. Ms. Cranston has had a progressive
27-year career with the Bank of Montreal, moving successfully through
a series of line and functional roles including corporate banking,
capital markets, risk management, asset management, and as a
Divisional CFO in the private client group and Corporate Treasurer.
She has also held a leadership role in investor relations.
Ms. Cranston has a bachelor of commerce (Honours) and an M.B.A. from
the University of Manitoba. She has served on non-profit and internal
boards of directors.
Ms. Rethy is currently President of KAR Development Corporation, her
own leadership development and consulting company. Prior to this, Ms.
Rethy held a series of progressively more senior roles at
Noranda/Falconbridge, most recently as Senior Vice President, Global
Services (including procurement, supply chain, risk management,
insurance, information systems and facilities). Prior to joining
Noranda, Ms Rethy was an executive with Dupont Canada Inc. where she
held a number of roles, including legal counsel, sales and business
Ms. Rethy has a J.D. from the University of Windsor, a B.Sc. from the
University of Toronto, an M.B.A. from York University, and an M.A.
from Lancaster University in the U.K. She currently is a me
the board of directors of Equitable Bank and SBM Offshore N.V.
(Netherlands), and is Chair of Katimavik-Opcan.
Toromont Industries Ltd. operates through two business segments: The
Equipment Group and CIMCO. The Equipment Group includes one of the
larger Caterpillar dealerships by revenue and geographic territory in
addition to industry leading rental operations. CIMCO is a market
leader in the design, engineering, fabrication and installation of
industrial and recreational refrigeration systems. Both segments
offer comprehensive product support capabilities. This press release
and more information about Toromont Industries can be found on the
Web at www.toromont.com.
To view the first photo associated with this release, please visit
the following link:
To view the second photo associated with this release, please visit
the following link:
Toromont Industries Ltd.
Paul R. Jewer
Executive Vice President and Chief Financial Officer
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