Wajax announces election of directors

TSX Symbol: WJX

TORONTO, May 7, 2015 /CNW/ - Wajax Corporation ("Wajax" or the "Corporation") today announced that the nominees listed in the Corporation's management proxy circular dated March 3, 2015 were elected as directors of Wajax.  The detailed results of the vote for the election of directors held at the Annual Meeting of Shareholders of the Corporation held on May 5, 2015 in Toronto are set out below.

On a vote conducted by ballot, each of the following ten nominees proposed by management was elected as a director of Wajax:

James D. Hole, a director of the Corporation since 2006, retired from the board at the conclusion of the meeting.  Sylvia D. Chrominska is new to the board of the Corporation.  Ms. Chrominska has over thirty years of experience as a senior executive in the banking sector, and was previously Group Head, Global Human Resources and Communications at The Bank of Nova Scotia, where she had global responsibility for human resources, corporate communications, government relations, public policy and corporate social responsibility.  She currently serves on the board of Emera Incorporated and is the Chair of Scotia Group Jamaica Limited.  Ms. Chrominska holds a Bachelor of Arts (Honours) degree in Business Administration from the University of Western Ontario and serves on the Dean's Advisory Board at the Richard Ivey School of Business.  She has also received an honourary Doctor of Laws from the University of Western Ontario.

"On behalf of my fellow directors, management and shareholders of the Corporation, I would like to thank J.D. for his service on the board," said Paul Gagné, Chairman of Wajax's Board of Directors.  "His counsel, insightfulness and good judgement will be missed, and we extend our best wishes to J.D. for health and happiness in retirement." 

"We are very pleased to welcome Sylvia Chrominska as director," Mr. Gagné continued, "Her extensive experience in human resources and communications will contribute significantly as Wajax continues to execute its 4 Points of Growth Strategy."

Ms. Chrominska has been appointed a member of the Audit and Human Resources and Compensation Committees of the Board of Directors.

Wajax Corporation

Wajax is a leading Canadian distributor engaged in the sale, rental and after-sale parts and service support of equipment, power systems and industrial components, through a network of 123 branches across Canada.  The Corporation is a multi-line distributor and represents a number of leading worldwide manufacturers across its core businesses.  Its customer base is diversified, spanning natural resources, construction, transportation, manufacturing, industrial processing and utilities.

SOURCE Wajax Corporation