NFI Group Strengthens Leadership for Enhanced Growth Strategy

NFI Group's Board Expansion to Drive Future Growth

NFI Group Inc. is making significant strides by enhancing its Board of Directors, aiming to reinforce its leadership as a key player in the bus and coach manufacturing industry, particularly in the arena of zero-emission electric solutions. The company has welcomed Chan Galbato as its new Board Chair while also appointing Aziz Aghili and Maryse Saint-Laurent to further diversify its board expertise.

Strategic Leadership Changes at NFI

Following Wendy Kei's upcoming retirement, NFI is excited to usher in a new era of leadership with Chan Galbato stepping into the role of Board Chair. This transition underscores NFI's commitment to operational excellence and innovative solutions. Paul Soubry, President and CEO of NFI, expressed his enthusiasm, highlighting Chan's wealth of experience in operational and supply chain management as crucial during this growth period.

Chan Galbato: A Proven Leader

With an impressive portfolio, Chan Galbato's experience spans multiple industries and leadership roles. He brings his expertise from Cerberus Operations and Advisory Company, where he honed his skills in managing operational transformations and overseeing global manufacturing. His past roles at Invensys Controls Group and GE Transportation Systems have equipped him with the insights needed to lead NFI into a more sustainable future.

New Board Members Enhance Expertise

The appointments of Aziz Aghili and Maryse Saint-Laurent bolster the NFI Board’s capabilities significantly. Aghili's extensive background includes executive leadership at Dana, where he specialized in drivetrain and supply chain management, while Saint-Laurent brings over three decades of corporate governance experience, having worked with organizations in diverse sectors such as energy and finance.

Adapting to Industry Needs

As the industry faces unprecedented challenges, the newly appointed Directors are poised to help NFI navigate through the complexities of modern supply chain management and technological advancements. Their diverse skills ensure that NFI will be able to cater to the evolving demands of sustainable transportation.

Recognizing Dedicated Leadership

Wendy Kei's retirement marks the end of an era, during which she played a pivotal role in guiding NFI through a reshaping phase, enhancing its corporate governance. Her leadership has been instrumental in not only modernizing NFI's governance practices but also in steering it through changing market dynamics. The board's chairman, Larry Edwards, acknowledged her contributions, expressing gratitude for her steady hand and vision during turbulent times.

NFI’s Vision for the Future

NFI Group’s commitment extends beyond its board changes; it is also centered on its mission to lead in electrifying mass mobility. With a collective experience of 450 years, NFI remains committed to providing zero-emission buses and technology solutions that are essential for creating more sustainable urban environments. Their innovative approach aids in addressing current urban demands for smart and clean transportation solutions, ensuring NFI plays a pivotal role in shaping the future of mobility.

Strengthening Market Presence

With over 9,100 employees spanning ten countries, NFI is among the largest manufacturers of buses and coaches, promoting mass mobility with brands like New Flyer and MCI. Their diverse product offerings, which encompass advanced sustainable drive systems, position NFI advantageously in a competitive market. This growth trajectory is buoyed by a record backlog of $12 billion, hinting at a robust demand for their innovative transportation solutions.

Frequently Asked Questions

What recent changes have been made to NFI's Board?

NFI has appointed Chan Galbato as the new Board Chair and added Aziz Aghili and Maryse Saint-Laurent to the Board.

Why is NFI enhancing its Board of Directors?

The enhancements aim to fortify NFI’s operational expertise and governance as the company navigates industry challenges and seizes new opportunities.

What experience does Chan Galbato bring to NFI?

Galbato has extensive operational leadership experience, having held senior roles at Cerberus and other major manufacturing entities.

How will these changes impact NFI's growth?

These leadership changes are expected to bolster NFI’s strategic direction and enhance its response to the growing demand for sustainable transportation solutions.

What role does NFI play in sustainable transportation?

NFI is committed to leading the electrification of mass mobility solutions, providing zero-emission buses and infrastructure to meet urban transit demands.

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