SAINTE-JULIE, QC, April 15, 2014 /CNW Telbec/ - Robert J. Ratliff, Chairman of the Board of CVTCORP, is proud to announce that Charles Sirois has been appointed to the Board of Directors. Mr. Sirois is joining a
seasoned team of directors, led since 2010 by Mr. Ratliff, the founder
and former President & CEO and Chairman of the Board of AGCO (NYSE:
AGCO), a global leader in agricultural equipment.
"The entire CVTCORP team is delighted to welcome Mr. Sirois aboard and
plans to make the most of his company-building experience as we
capitalize on the steady demand for CVTCORP's flagship product: continuously variable transmissions (CVTs) for tractors. Mr. Sirois's extensive expertise and impressive list of achievements
are bound to be hugely beneficial for our organization," said Daniel
Girard, CVTCORP's founder and its current CEO.
"I'm pleased to be able to contribute to the growth of a thriving
company like CVTCORP. Its CVT technology for generators and farm machinery reduces fuel consumption
and greenhouse gas emissions," Mr. Sirois declared.
Charles Sirois is Chairman of the Board of Telesystem, which has backed CVTCORP since 2005. He is also the Founder and
Chairman of the Board of Enablis, Chairman of the Board of CIBC, and Founding Partner of Tandem Expansion Fund. During the course of his career, he has headed such prominent
corporations as BCE Mobile Communications and Teleglobe. He also
founded Telesystem International Wireless and Microcell
Telecommunications (Fido). He currently sits on the Board of Rogers
Communications. Mr. Sirois is a member of the Order of Canada and the
Ordre national du Québec. He was inducted into Canada's
Telecommunications Hall of Fame in 2010 and is the recipient of five
honorary PhDs.
CVTCORP is currently strengthening its Board of Directors to seek out
additional support and guidance as it ramps up its development efforts.
Following its first commercial rollout for power generation
applications in 2013, CVTCORP plans to make this game-changing
technology commercially available to major farm equipment manufacturers
as of 2016.
About CVTCORP
Founded in 2001, CVTCORP is an international technology company specializing in continuously
variable transmissions (CVTs). It develops, manufactures and supplies
CVTs for power generation, agricultural and industrial equipment. The
company's innovative product contributes to these industries by
delivering greater productivity, improved performance and reduced
energy consumption. CVTCORP's proven, reliable technology is
IP-protected, with 20 families of patents covering the United States,
Canada, Europe and Asia.
SOURCE CVTCORP
Image with caption: "Charles Sirois, Chairman of the Board of Telesystem, has been appointed to the Board of Directors of CVTCORP, an international technology company specializing in continuously variable transmissions. (CNW Group/CVTCORP)". Image available at: http://photos.newswire.ca/images/download/20140415_C9540_PHOTO_EN_39153.jpg
Image with caption: "CVTCORP - Logo (CNW Group/CVTCORP)". Image available at: http://photos.newswire.ca/images/download/20140415_C9540_PHOTO_EN_39155.jpg
