MONTREAL,
June 11,
2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - The
Board of Directors of CAE Inc. (CAE or the Company) today
announced the nomination of Ian L.
Edwards for election to the Board at CAE's Annual General
Meeting (AGM) scheduled for August 14,
2024. Mr. Edwards is the President and Chief Executive
Officer of the global professional services and project management
company AtkinsRéalis Group Inc., formerly SNC-Lavalin.
The other nominees to CAE's Board consist of 12
current directors, five of whom joined the Board since 2022. More
information about the current CAE Board is available on its website
at this link and more details regarding all of CAE's
nominees will be provided in a Management Proxy Circular that is
scheduled to be filed and mailed to shareholders before the end of
June.
"Ian's nomination further demonstrates the
Board's continued commitment to renewal and our responsiveness to
ongoing engagement with, and input from, shareholders," said Alan
N. MacGibbon, Chair of CAE's Board of Directors. "The Board
aims to ensure that its composition reflects the appropriate skills
and experience necessary to effectively and proactively oversee the
execution of CAE's strategy today and into the future. Ian brings
executive leadership as well as proven strategic and operational
expertise from more than three decades leading large global
infrastructure projects and complex contractual arrangements that
will be invaluable to the Board and our management team as we chart
the path forward at CAE."
Andrew J. Stevens,
a CAE independent director who has served since 2013, has advised
the Board he will not stand for re-election at the upcoming
AGM.
Mr. MacGibbon concluded, "I wish to extend a warm thank you to
Andrew for his diligence and his significant contributions during
11 years as a director. The Board is grateful for his collaborative
spirit and his strategic insights, which have helped to position
CAE for continued success. We wish him all the best going
forward."
Mr. Edwards has been President and CEO of
AtkinsRéalis since 2019. He joined AtkinsRéalis in 2014 and led
initiatives to simplify, focus, and grow the business while
implementing measures to improve operational performance. He has
over 30 years of global experience delivering on complex
infrastructure and resource projects. He also serves as director on
the Board of the McGill University
Health Centre Foundation and CSL Group Inc. He holds Higher and
Ordinary Certificates in Civil Engineering from Lancashire
University in the U.K. He is a Fellow from both the Institution of
Civil Engineers and from the Hong Kong Institution of
Engineers.
About CAE
At CAE, we equip people in critical roles with the expertise and
solutions to create a safer world. As a technology company, we
digitalize the physical world, deploying software-based simulation
training and critical operations support solutions. Above all else,
we empower pilots, cabin crew, maintenance technicians, airlines,
business aviation operators, and defence and security forces to
perform at their best every day and when the stakes are the
highest. Around the globe, we're everywhere customers need us to be
with approximately 13,000 employees in more than 240 sites and
training locations in over 40 countries. CAE represents more than
75 years of industry firsts—the highest-fidelity flight and mission
simulators as well as training programs powered by digital
technologies. We embed sustainability in everything we do. Today
and tomorrow, we'll make sure our customers are ready for the
moments that matter.
Read our FY23 Global Annual Activity and Sustainability
Report.
CAE Contacts:
General Media:
Samantha Golinski, Vice President, Public
Affairs & Global Communications
+1-438-805-5856, samantha.golinski@cae.com
Investor Relations:
Andrew Arnovitz, Senior Vice
President, Investor Relations and Enterprise Risk Management,
+1-514-734-5760, andrew.arnovitz@cae.com
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SOURCE CAE Inc.
