CMG Announces Board Election Results and Leadership Change
CMG Confirms Successful Board Elections
CALGARY, Alberta — Computer Modelling Group Ltd. (CMG) is thrilled to report the results from its recent annual shareholders meeting, where all nominees were successfully elected to the board of directors. This reflects the shareholders' trust in the leadership and direction of the company. The voting results indicate strong support for each director, highlighting the confidence shareholders have in the qualifications and expertise of the board members.
Election Highlights
Voting Outcomes
The detailed voting results showcase overwhelming approval for the individuals chosen to lead CMG. For instance, Alexander M. Davern received approximately 91.8% of votes in favor, signifying strong backing from the shareholders. Other directors like Pramod Jain and Birgit Troy also secured high percentages of approval, with Jain achieving a remarkable 99.1%.
Breakdown of Voting Results
Here's a brief overview of some voting figures:
- Alexander M. Davern: 59,888,310 votes (91.823% approval)
- Kenneth M. Dedeluk: 59,180,121 votes (90.737% approval)
- Anuroop Duggal: 60,069,782 votes (92.102% approval)
- Pramod Jain: 64,618,734 votes (99.097% approval)
- Peter H. Kinash: 54,837,322 votes (84.079% approval)
- Andrew Pastor: 64,157,081 votes (98.389% approval)
- Birgit Troy: 65,122,035 votes (99.869% approval)
The significant turnout and support for the candidates reflect the shareholders' belief in CMG’s mission and strategic vision.
Leadership Transition
In an exciting development, Andrew Pastor is now the Chair of the Board of Directors, following his election. This change indicates a fresh leadership approach aimed at steering CMG towards future growth and innovation.
Resolutions Passed
In addition to the board elections, all resolutions submitted to the shareholders were also adopted, further paving the way for the company’s strategic initiatives. These measures are expected to enhance CMG's operations and market presence.
About Computer Modelling Group
CMG (TSX: CMG) is widely recognized as a global leader in software solutions and consulting services, specializing in addressing complex challenges in the energy sector. The company adeptly integrates science and technology with profound industry knowledge to provide innovative solutions for subsurface and surface issues. With its headquarters in Calgary and various global offices, CMG is positioned to tackle the pressing demands of the new energy landscape.
Contact Information
For more insights and inquiries, please reach out to:
Kim MacEachern
Director, Investor Relations
Email: cmg-investors@cmgl.ca
Frequently Asked Questions
What was the main purpose of the annual meeting?
The annual meeting primarily focused on the election of directors and the appointment of the new board chair.
Who has been appointed as the new Chair of the Board?
Andrew Pastor was appointed as the new Chair of the Board of Directors during the meeting.
What percentage of votes did Pramod Jain receive?
Pramod Jain received approximately 99.1% of votes in favor, reflecting strong support from shareholders.
How can shareholders learn more about the voting results?
Shareholders can access detailed voting results through the Report of Voting Results filed on SEDAR+.
What does CMG specialize in?
CMG specializes in software solutions and consulting for the energy industry, helping tackle complex subsurface and surface challenges.
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