NFI Group Inc. Welcomes New Board Chair and Leadership Change
NFI Group Inc. Welcomes New Board Chair
NFI Group Inc., a prominent player in the bus and coach mobility solutions industry, recently made notable changes to its Board of Directors. Colin Robertson, who previously served as Vice Chair, has stepped into the role of Chair of the Board, taking over from Chan Galbato. Mr. Galbato has decided to explore new opportunities, allowing for this fresh direction within the company.
Leadership Insights
Paul Soubry, President and CEO of NFI, expressed gratitude towards Mr. Galbato for his invaluable contributions over the years. He highlighted the positive impacts made during Mr. Galbato's tenure and the strong foundation laid for future growth.
Colin Robertson joined NFI's Board in 2020 and brings a wealth of experience, having dedicated over 30 years to global manufacturing and leadership in the transportation sector. He is well-recognized for his prior role as CEO of Alexander Dennis Limited, a company acquired by NFI in 2019. Additionally, Robertson has held significant positions at Cummins Inc. and Terex Corporation, establishing a substantial track record in industrial leadership.
Strategic Vision for NFI
Mr. Robertson shared his excitement about assuming the role of Chair, emphasizing NFI's unique position to harness emerging market opportunities in bus and coach technology. He discussed how the company is strategically positioned to lead in both manufacturing and after-sales services within the mobility sector.
With a focus on creating substantial value, Robertson looks forward to collaborating with fellow directors and the leadership team, driving NFI toward continued success.
Board Updates and Future Directions
In light of Mr. Galbato's departure, his nomination will not be presented at the forthcoming shareholders' meeting. Instead, NFI will continue with the nominations of the remaining ten candidates, ensuring continuity in governance.
About NFI Group Inc.
NFI Group Inc. boasts an impressive 450 years of combined experience across its teams and is well-known for its propulsion-agnostic mobility solutions. The company is at the forefront of advancing low- and zero-emission bus and coach platforms, aligning with the global demand for sustainable transportation options. NFI aims to create more livable urban environments through its smart mobility solutions, pushing for cleaner and more connected public transit systems.
NFI's Manufacturing Footprint
With a dedicated workforce of nearly 9,000 employees in ten different countries, NFI leads the global market as a bus manufacturer. The company operates under several notable brands, including New Flyer, MCI, and Alexander Dennis. NFI prides itself on having the largest variety of sustainable drive systems in the industry, such as electric, natural gas, and hybrid models.
In total, NFI's robust portfolio supports over 100,000 buses and coaches worldwide, reinforcing its reputation as an industry leader. Its common shares trade on the Toronto Stock Exchange under the ticker symbol NFI, while convertible unsecured debentures are available under the symbol NFI.DB. The company's stock is closely watched by investors, reflecting the growing importance of sustainable transportation solutions.
Frequently Asked Questions
What changes occurred in NFI's Board leadership?
NFI Group Inc. appointed Colin Robertson as the new Chair of the Board, succeeding Chan Galbato, who stepped down.
Who is Colin Robertson, and what is his background?
Colin Robertson has over 30 years of global manufacturing experience and previously served as CEO of Alexander Dennis Limited prior to its acquisition by NFI.
What is NFI's position in the market?
NFI Group is a leader in propulsion-agnostic bus and coach solutions with a focus on sustainable and innovative transportation technologies.
How many employees does NFI Group have?
NFI has nearly 9,000 employees operating in ten countries around the globe.
Where can investors find more information about NFI?
Investors can access information about NFI Group Inc.'s operations and stock performance through its various dedicated websites and investor relations announcements.
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