KEY PROMOTIONS ANNOUNCED AFTER THE SUCCESSFUL
INTEGRATION OF TUFROPES & CORTLAND
GLOBAL REBRANDING AS CORTLAND INTERNATIONAL
TARGETED BY YEAR-END
TORONTO, Nov. 1, 2023
/CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the
"Company"), a holding company focused on long-term global
investments, announced the appointment of Mr. Stuart Janke as Chief Executive Officer and Mr.
Brian Pettipas as Chief Financial
Officer of the combined Cortland Industrial and Tufropes businesses
under the Cortland International ("Cortland") brand,
effective immediately. This follows the planned transitions of
interim CEO appointee Jack Wang and
interim CFO appointee David Joyce
into advisory roles after the integration of the combined business.
The business also announced several key promotions to bolster the
senior management team (see below).
Mr. Janke brings over 35 years of global experience in the
synthetic rope industry, occupying senior leadership and management
roles across various business development and operational roles at
Cortland. Mr. Janke has led Cortland through several
transformational ownership changes and overseen the implementation
of Cortland's innovative manufacturing technologies and branded
synthetic rope, tether, and sling products. Having
resided in Asia Pacific and
Australia and led partnerships in
China, India, and Southeast
Asia, Mr. Janke brings a diverse geographical business
experience to lead Cortland's continued global expansion.
Mr. Pettipas is a seasoned finance professional with over 20
years of experience. Mr. Pettipas began his career in public
accounting at Grant Thornton, where he became a partner, and has
since been a senior executive and finance leader across companies
in numerous industries. With deep experience in Mergers and
Acquisitions, he has demonstrated an exceptional ability to guide
companies through both high-growth phases as well as challenging
periods, notably during the 2008 financial crisis and the recent
COVID-19 pandemic. Throughout his career, he has collaborated with
private equity stakeholders, family-owned investment entities, and
entrepreneurial ventures. Additionally, Mr. Pettipas holds
designations as a Chartered Public Accountant and Chartered
Business Valuator.
In addition to the new CEO and CFO appointments, Cortland has
named the following individuals to senior functional roles to
propel global growth and operations: Navnath Tarle as COO
(India), Keith Siders as VP Operations (Americas),
Thanassis Varnava as Global
Engineering Director, Myara Martins
as Global Chief Quality Director, and Patrick Yerger as VP of Sales (Americas). These
individuals are supported by seasoned board members in Asia, Europe,
the U.S. and Canada.
Phil Mittleman, Chief Executive
Officer of Aimia, commented, "We are thrilled to have established a
world-class senior leadership team at Cortland, and we're proud to
partner with such talented individuals as we enter this new chapter
at Tufropes and Cortland under a unified organization. We would
also like to thank Jack and David for their interim leadership
through both acquisitions and 100-day plans. We're very encouraged
with the progress of this integration and the synergies we are
seeing as this process continues. We look forward to great
contributions from the combined senior management team at
Cortland."
Stuart Janke remarked, "I am
tremendously honored to step into the role of CEO of Cortland
International and lead this combined business along with our
outstanding employees. This is a significant juncture in the
company's evolution, and I am deeply committed to driving our
vision forward, harnessing the strengths of our teams, and
delivering exceptional value to our clients and shareholders."
About Aimia
Aimia Inc. (TSX: AIM) is a holding company that makes long-term
investments in private and public businesses through controlling or
minority stakes. We target companies with durable economic
advantages evidenced by a track record of substantial free cash
flow generation over complete business cycles, strong growth
prospects, and guided by strong, experienced management teams.
Headquartered in Toronto, Canada,
Aimia is positioned to invest in any sector, wherever a suitable
opportunity can be identified worldwide. In addition, we seek
investments that may efficiently utilize the Company's operating
and capital loss carry-forwards to further enhance stakeholder
value.
For more information about Aimia, visit www.aimia.com.
SOURCE Aimia Inc.