New Flyer Board of Directors Chair, Brian Tobin, Named as an Officer to the Order of Canada
Winnipeg, Manitoba, Canada – January 8, 2013: (TSX:NFI; TSX:NFI.DB.U) New Flyer Industries Inc. (“New Flyer” or the “Company”), the leading manufacturer of heavy-duty transit buses in Canada and the United States, announced today that their Board of Directors Chair, Brian Tobin, has been awarded the prestigious honour as an Officer of the Order of Canada
The Honourable Brian Tobin served as a Member of Parliament for the government of Canada from 1980 to 1996 and was appointed Minister of Fisheries and Oceans from 1993 to 1996. Mr. Tobin then entered provincial politics and served as the Premier of Newfoundland and Labrador from 1996 to 2000. Mr. Tobin returned to the federal government and served as the Minister of Industry from 2000 to 2002. Mr. Tobin is currently Senior Business Advisor with Fraser Milner Casgrain LLP in Toronto.
Mr. Tobin also serves as Chairman and Director of Marret Resource Corp. (MAR:T), Chairman and Director of New Flyer Industries Inc. (NFI:T), and Director of Aecon Group Inc. (ARE:T). Mr. Tobin served as the Executive Chairman, President & CEO of Consolidated Thompson Iron Mines Ltd. (formerly CLM:T) and lead the negotiating team that sold CLM to Cliffs Natural Resources for $4.9B – one of the largest global mining deals in 2011. Mr. Tobin is a member of the Institute of Corporate Directors and a graduate of the Directors Education Program.
This is a very prestigious award and we are truly honoured and very proud to have Brian as the Chair of the New Flyer Board of Directors,” said Paul Soubry, New Flyer’s President and Chief Executive Officer. “From everyone at New Flyer we would like to congratulate Mr. Tobin on this esteemed honour.”
Established in 1967 by Her Majesty Queen Elizabeth II, the Order of Canada is the centrepiece of Canada’s honours system and recognizes a lifetime of outstanding achievement, dedication to the community and service to the nation. The Order recognizes people in all sectors of Canadian society. Their contributions are varied, yet they have all enriched the lives of others and made a difference to this country. The Order of Canada’s motto is DESIDERANTES MELIOREM PATRIAM (They desire a better country). From now on Brian will place the initials O.C. after his name.
Brian already has the initials P.C. after his name which refers to the fact that he was a member of the Privy Council of the Government of Canada which is a body that advises the head of state of a nation, typically, but not always, in the context of a monarchic government. The word “privy” means “private” or “secret”; thus, a privy council was originally a committee of the monarch’s closest advisors to give confidential advice on affairs of state.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in Canada and the United States. The Company’s three manufacturing facilities – in Winnipeg, MB; St. Cloud, MN and Crookston, MN – are all ISO 9001, ISO 14001 and OHSAS 18001 certified. The Company currently operates a parts fabrication facility in Elkhart, IN and four parts distribution centers in Winnipeg, MB; Brampton, ON; Erlanger, KY and Fresno, CA. The Company also operates a service center in Arnprior, ON.
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 diesel-electric hybrid vehicles. New Flyer has delivered over 32,000 heavy-duty buses in Canada and the United States. All products are supported with an industry-leading, comprehensive parts and service network. Further information is available on New Flyer’s web site at www.www.newflyer.com.
The common shares and convertible unsecured subordinated debentures of New Flyer are traded on the Toronto Stock Exchange under the symbols NFI and NFI.DB.U, respectively.
This press release may contain forward-looking statements relating to expected future events and financial and operating results of the Company 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 economic conditions of and funding availability for customers to purchase buses and to purchase parts or services, customers may not exercise options to purchase additional buses, the ability of customers to terminate contracts for convenience 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, the Company disclaims 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.
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