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. www.stuartolson.com
SOURCE Stuart Olson Inc.
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