Savaria Announces Management Change
02 June 2020 - 7:05AM
Savaria Corporation (“Savaria”) (TSX: SIS) one of the global
leaders in the accessibility industry, today announced that to
create a more centralized operations team, Savaria will move the
CFO function to Brampton, Ontario, home of its core North American
manufacturing facility and the home base for the Corporation’s CEO
and VP of Operations. As a result of this decision, Laval-based
CFO, Mauro Ferrara will be leaving Savaria effective August 21,
2020.
“I wish to thank Mr. Ferrara for his contributions to Savaria
and wish him success in his future endeavours. While our accounting
headquarters will remain in Laval, Québec, our desire to focus on
operational strategies in Ontario and in other manufacturing
facilities is consistent with our desire to grow and constantly
improve efficiencies,” declared Marcel Bourassa, President and
Chief Executive Officer of Savaria.
Mr. Ferrara said, “I would like to thank all of my
colleagues, as well as Marcel Bourassa, for my time at Savaria.
Savaria is a well-run corporation, with a noble cause and a great
product offering, that will undoubtedly be even more well
positioned post COVID-19 crisis.”
About Savaria Corporation
Savaria Corporation (savaria.com) is one of the global leaders
in the accessibility industry. It provides accessibility solutions
for the physically challenged to increase their comfort, their
mobility and their independence. Its product line is one of the
most comprehensive on the market. Savaria designs, manufactures,
distributes and installs accessibility equipment, such as
stairlifts for straight and curved stairs, vertical and inclined
wheelchair lifts and elevators for home and commercial use. It also
manufactures and markets a comprehensive selection of pressure
management products for the medical market, medical beds for the
long-term care market, as well as an extensive line of medical
equipment and solutions for the safe handling of patients. In
addition, Savaria converts and adapts vehicles to be wheelchair
accessible. The Corporation operates a sales network of dealers
worldwide and direct sales offices in North America, Europe
(Switzerland, Germany, Italy, Czech Republic, Poland and United
Kingdom), Australia and China. Savaria employs approximately 1,450
people globally and its plants are located across Canada in Laval
and Magog (Québec), Brampton, Beamsville and Toronto (Ontario) and
Surrey (British Columbia), in the United States at Greenville
(South Carolina), in Huizhou (China), in Milan (Italy) and in
Newton Abbot (United Kingdom).
For further information: |
|
|
Marcel BourassaPresident and
Chief Executive Officer1.800.661.5112mbourassa@savaria.com |
Nicolas Rimbert,
CFAVice-President, Corporate
Development1.800.931.5655nrimbert@savaria.com |
|
www.savaria.com www.facebook.com/savariabettermobility
www.twitter.com/Mobilityforlife
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