TORONTO, June 6, 2024
/CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the
"Company") today announced a change to its Board of
Directors designed to strengthen its governance and add experience
and skills that will help drive the Company's goal of creating
shareholder value.
James Scarlett, ICD.D., one of
Canada's most respected senior
legal advisors with more than 40 years of experience completing
complex merger and acquisition transactions, has been named to
Aimia's Board of Directors effective immediately.
Mr. Scarlett was formerly the Executive Vice-President and Chief
Legal Officer at Hydro One Inc., an electricity transmission and
distribution provider, and previously a Senior Partner at Torys
LLP, one of Canada's leading law
firms, where he held a number of leadership roles, including head
of Torys' Capital Markets Group, Mining Group and International
Business Development strategy. Mr. Scarlett earned his law degree
from the University of Toronto and a
Bachelor of Commerce Degree from McGill University. He also
holds the ICD.D Designation from the Rotman Directors Education
Program.
Mr. Scarlett is a director nominee for Aimia's upcoming Annual
General Meeting of Shareholders scheduled for June 26, 2024 for shareholders of record.
About Aimia
Aimia Inc. (TSX: AIM) is a diversified company focused on
unlocking the growth potential of its two global businesses,
Bozzetto, a sustainable specialty chemicals company, and Cortland
International, a rope and netting solutions company. Headquartered
in Toronto, Aimia's priorities
include monetizing its non-core investments, returning capital to
its shareholders, and efficiently utilizing its loss carry-forwards
to create shareholder value.
For more information about Aimia, visit www.aimia.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking information" within the meaning of Canadian
securities laws ("forward-looking statements"), which are
based upon Aimia's current expectations, estimates, projections,
assumptions and beliefs. All information that is not clearly
historical in nature may constitute forward-looking statements.
Forward-looking statements are typically identified by the use of
terms such as "anticipate", "believe", "could", "estimate",
"expect", "intend", "may", "plan", "predict", "project", "will",
"would" and "should", and similar terms and phrases, including
references to assumptions.
Forward-looking statements in this press release include, but
are not limited to, future upside resulting from the Company
executing on its strategy. Forward-looking statements, by their
nature, are based on assumptions and are subject to known and
unknown risks and uncertainties, both general and specific, that
contribute to the possibility that the forward-looking statement
will not occur. The forward-looking statements in this press
release speak only as of the date hereof and reflect several
material factors, expectations and assumptions. Undue reliance
should not be placed on any predictions or forward-looking
statements as these may be affected by, among other things,
changing external events and general uncertainties of the business.
A discussion of the material risks applicable to the Company can be
found in Aimia's current Management's Discussion and Analysis and
Annual Information Form, each of which have been or will be filed
on SEDAR+ and can be accessed at www.sedarplus.ca. Except as
required by applicable securities laws, forward-looking statements
speak only as of the date on which they are made and Aimia
disclaims any intention and assumes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
SOURCE Aimia Inc.