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November 9, 2009
Former TransLink CEO to Join New Flyer’s Board of Directors
Winnipeg, Manitoba, Canada, November 9, 2009;
New Flyer
Industries Inc. (TSX:NFI.UN) (“New Flyer” or the “Company”), the leading
manufacturer of heavy-duty transit buses in Canada and the United States,
announced today that Ms. Pat Jacobsen has been invited and has agreed to join
its Board of Directors. Ms. Jacobsen also sits on the boards of Revera Inc.,
Port Metro Vancouver and the BC Cancer Foundation.
“We are very fortunate
to have someone of Pat’s caliber joining our board,” said the Honourable Brian
Tobin, New Flyer’s Chairman of the Board. “Pat’s first-hand knowledge and
experience with municipal transit systems brings a fresh and new perspective to
the board, and her tremendous industry knowledge, together with her
unquestionable business acumen with expertise in strategy and human resources
will be invaluable in helping guide New Flyer in the years ahead.”
“I
look forward to working closely with Pat,” said Paul Soubry, President and CEO
of New Flyer. “This expansion of our board ensures that New Flyer will continue
to benefit from a diversity of experience, perspective and
opinions.”
“New Flyer is a great company,” said Ms. Jacobsen. “I look
forward to working with the board and the Company’s leadership team in
developing strategies and helping chart New Flyer to continued leadership in the
North American transit industry.”
Ms. Jacobsen served as the CEO of
TransLink in Vancouver, BC, from 2001 to 2008 before retiring. During her tenure
at TransLink, Ms. Jacobsen demonstrated planning and strategic leadership which
led to ridership increases, new major capital projects and Canada’s first
transit police force, which improved safety and security for operators and
passengers. TransLink is the 11th largest transit system in Canada and the U.S.
and provides over 300 million passenger trips per year.
Prior to
TransLink, Ms. Jacobsen served as the President and CEO of the Manitoba Workers’
Compensation Board in Winnipeg, Manitoba. She has also held senior positions at
Liberty Mutual Insurance Company, Manulife Insurance Company and the Government
of Ontario, where her last position was Deputy Minister of Transportation. Ms.
Jacobsen has been honoured with many awards, most notably for her efforts in
sustainability and holds a Bachelor of Arts from the University of Manitoba. It
is expected that Ms. Jacobsen will be formally appointed to the New Flyer board
at the quarterly meeting to be held on November 12,
2009.
About New Flyer
New Flyer is the leading
manufacturer of heavy-duty transit buses in the United States and Canada. The
Company’s three facilities -- in Winnipeg, MB, St. Cloud, MN and Crookston, MN -
are all ISO 9001, ISO 14001 and OHSAS 18001 certified. With a skilled workforce
of over 2,000 employees, New Flyer is a technology leader, offering the broadest
product line in the industry, including drive systems powered by clean diesel,
LNG, CNG and electric trolley as well as energy-efficient gasoline-electric and
diesel-electric hybrid vehicles. All products are supported with an
industry-leading, comprehensive parts and service network. The Company’s income
deposit securities are traded on the Toronto Stock Exchange under the symbol
NFI.UN. Further information is available on Company’s web site at
www.newflyer.com.
Forward-Looking Statements
This press release may contain forward-looking statements
relating to expected future events and financial and operating results of New
Flyer and New Flyer Industries Canada ULC (“NFI ULC”) that involve risks and
uncertainties. Although the forward-looking statements contained in this press
release are based upon what management believes to be reasonable assumptions,
investors cannot be assured that actual results will be consistent with these
forward-looking statements, and the differences may be material. Actual results
may differ materially from management expectations as projected in such
forward-looking statements for a variety of reasons, including market and
general economic conditions and the other risks and uncertainties discussed in
the materials filed with the Canadian securities regulatory authorities and
available on SEDAR at www.sedar.com. Due to the potential impact of these
factors, New Flyer and NFI ULC disclaim any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable law.
For
further information, please contact:
New Flyer Industries Inc.
Glenn
Asham
Chief Financial Officer
Tel: 204-224-1251
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