Stuart Olson Announces the Appointment of New Directors

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Stuart Olson Announces the Appointment of New Directors

Canada NewsWire

CALGARY, Aug. 30, 2018 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced the appointments of Raymond D. Crossley and David C. Filmon to its Board of Directors. Mr. Crossley and Mr. Filmon will join the Audit Committee.

Mr. Crossley currently serves on the boards of Obsidian Energy, Alberta Securities Commission and Canada West Foundation, and is the Chief Financial Officer of the Calgary Health Trust. Mr. Crossley was a Partner of PricewaterhouseCoopers LLP ("PwC") since 1996, where he joined in 1981 and retired in 2015. He served in various managerial and executive roles during his time with PwC including Managing Partner, Western Canada and Managing Partner of PwC's Calgary office.

Mr. Filmon, who currently serves as the Chair of MLT Aikins LLP and is a Member of the firm's Executive Board and Partner since 1998, practices in the areas of mergers and acquisitions, corporate finance and securities law with an emphasis on advising public company boards and corporate governance. Mr. Filmon is nationally recognized for his contributions to the legal and business communities, and has extensive board experience. He is the City of Winnipeg's nominee to the Board of CentrePort Canada, where he was recently elected as Chair.

The Company also announced that Rod W. Graham has resigned from its Board of Directors. Mr. Graham joined the Board in 2013 and was Chair of the Audit Committee and member of the Health, Safety and Environment Committee.

"On behalf of the Board, I want to acknowledge Rod for his contributions and thank him for his valuable service", said Albrecht Bellstedt, Chairman of the Board.

Commenting on Mr. Crossley's and Mr. Filmon's appointments, Mr. Bellstedt stated, "I am very pleased to welcome both Ray and David to our Board. Their appointments represent our continued emphasis on Board renewal and optimization of the Board's skill set, and expand our Board's regional representation as we continue our geographical and sector diversification strategies."

"Ray's extensive business experience in leadership and mergers and acquisitions will complement our Board. David is an accomplished corporate lawyer who has a long track record of providing sound and insightful advice to his many clients. The combined expertise and experience they bring will prove to be a tremendous benefit to Stuart Olson as we pursue our vision to become a top five construction and services company in Canada," added Mr. Bellstedt.

Mr. Crossley is an Alberta Chartered Professional Accountant (CPA/CA). He holds the ICD.D designation from the Institute of Corporate Directors. Mr. Crossley graduated from the University of Western Ontario with a Degree in Economics and Political Science.

Mr. Filmon is a member of the Manitoba Bar and received an LLB from Osgoode Hall, York University in Toronto. He also holds a B.Comm. (Hons.) Degree from the University of Manitoba, I.H. Asper School of Business.

About Stuart Olson Inc.

Stuart Olson Inc. provides general contracting and electrical building systems contracting in the public and private construction markets as well as general contracting, electrical, mechanical and specialty trades, such as insulation, cladding and asbestos abatement, in the industrial construction and services market. The Company operates office locations and projects throughout Western Canada, Ontario and the territories. Stuart Olson was recognized as one of Alberta's Top 70 Employers in 2018 for the second consecutive year. Stuart Olson's common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols "SOX" and "SOX.DB.A", respectively.

SOURCE Stuart Olson Inc.

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Copyright CNW Group 2018

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