TORONTO, Oct. 10, 2014 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG)
announced today that Alan R. Marchment has retired from the Company's
board of directors (the "Board") to pursue other personal and
professional commitments, effective immediately. Mr. Marchment had
previously indicated a desire to retire from the Board following the
achievement of the recently announced milestones in our
recapitalization plan. The Company would like to thank Mr. Marchment
for his significant contributions and wishes him the best in his future
endeavours.
The Board of directors will, in accordance with past practice, establish
a director search committee to find additional qualified independent
directors. Dale Richmond will rejoin the Audit Committee and Lorraine
Bell will replace Mr. Marchment as Chair.
About IBI Group Inc.:
The Company is a TSX listed corporation and its common shares trade
under the symbol "IBG".
IBI Group is a globally integrated architecture, planning, engineering,
and technology firm with professionals around the world. For more than
40 years, our dedicated professionals have helped clients create
livable, sustainable, and advanced urban environments. We are one of
the largest architecture firms in the world.
From high-rises to industrial buildings, schools to state-of-the-art
hospitals, transit stations to highways, airports to toll systems, bike
lanes to parks, we design every aspect of a truly integrated city for
people to live, work, and play.
We organize our expertise into three areas:
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Intelligence: systems designer, software development.
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Buildings: building architecture, building engineering (mechanical,
structural, electrical).
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Infrastructure: planning, urban design, landscape architecture,
transportation, and engineering.
Our collaborative and combined approach focuses not only on creating the
best solutions today, but also creating the right solutions for
tomorrow.
We believe cities must be designed with intelligent systems, sustainable
buildings, efficient infrastructure, and a human touch.
At IBI, we're defining the cities of tomorrow.
SOURCE IBI Group Inc.
Stephen Taylor, CFO
IBI Group Inc.
55 St. Clair Avenue West, 7th Floor Toronto, ON M4V 2Y7
Tel: 416-596-1930
Media:
Riyaz Lalani
Bayfield Strategy, Inc.
416-907-9365
rlalani@bayfieldstrategy.com
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