Aecon holds 2014 Annual General Meeting - Teri McKibbon appointed CEO and John
M. Beck becomes Executive Chairman
EDMONTON, June 11, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) held its Annual
General Meeting today in Edmonton, Alberta. As previously announced, at the
Board of Directors' meeting, Teri McKibbon was appointed as the Company's
President and Chief Executive Officer and John M. Beck assumed the role of
"Last year was a year of continued refinement and execution as we focused on
the bottom line -we are committed to staying the path while fine tuning the
core components of our strategy," said John M. Beck, Executive Chairman, Aecon
Group Inc. "We will continue to focus on reaching our target of 9 per cent
adjusted EBITDA margin in 2015."
At the Annual General Meeting, Aecon's shareholders elected Teri McKibbon as a
new Director to the Board. In addition to his role as Chief Operating Officer
since March of 2011, Mr. McKibbon, 50, took on the role of President in June
2013. He has been a member of the Executive Committee of Aecon Group Inc.
since 2006. He joined Aecon in 1996, and previously led Aecon's Infrastructure
"Teri is focused on margin improvement while increasing Aecon's position in
our segments of Infrastructure, Energy, Mining and Concessions. His three
decades of experience managing construction-related companies including his
lengthy time as a leader at Aecon working with John, has been pivotal in
defining Aecon's direction," said The Hon. Brian V. Tobin, Vice-Chair and Lead
Director. "The Board recognizes John's invaluable leadership in shaping Aecon
as Canada's premier construction and infrastructure development company, and
are very pleased that John continues to dedicate himself full-time to Aecon as
"I have greatly benefited from John's wealth of industry knowledge, and look
forward to his continued mentorship and guidance," said Teri McKibbon,
President and Chief Executive Officer. "Moving forward, our positive outlook
remains and we expect results to be weighted more to the second half of the
Aecon's shareholders also elected Executive Chairman John M. Beck, Austin C.
Beutel, Michael A. Butt, Joseph A. Carrabba, Anthony P. Franceschini, J.D.
Hole, Monica Sloan, and The Honourable Brian V. Tobin to the Board of
Directors at the annual meeting. Rolf Kindbom did not stand for re-election
after serving as a Director of Aecon for fourteen years.
Additionally shareholders voted in favour of an advisory resolution on the
compensation of the company's named executive officers. The final voting
results will be posted on SEDAR and on the Company's website at aecon.com, by
June 13, 2014.
Aecon Group Inc. is a Canadian leader in construction and infrastructure
development providing integrated turnkey services to private and public sector
clients. Aecon is pleased to be consistently recognized as one of the Best
Employers in Canada.
SOURCE Aecon Group Inc.
Vince Borg, Senior Vice President, Corporate Affairs, Aecon Group Inc.,
416-297-2615, email@example.com, www.aecon.com
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-0- Jun/11/2014 19:00 GMT
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