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AIMIA ANNOUNCES EXECUTIVE SUCCESSION PLAN AND BOARD TRANSITION
AIMIA ANNOUNCES EXECUTIVE SUCCESSION PLAN AND BOARD TRANSITION Canada NewsWire ...
About this update from Aimia Inc.
[{"type":"text","content":"\n\n\n\n AIMIA ANNOUNCES EXECUTIVE SUCCESSION PLAN AND BOARD TRANSITION\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 27, 2025\n \n\n /CNW/ - Aimia Inc. (TSX: AIM) (\"\n \n Aimia\n \n \" or the \"\n \n Company\n \n \") announced today that as part of its commitment to succession planning and good governance,\n \n Tom Finke\n \n has resigned as Executive Chairman and will be succeeded by\n \n Rhys Summerton\n \n who brings 20 years of experience in the investment industry.\n \n\n \"A little over a year ago, I stepped in as Aimia's Executive Chairman during a period of significant transformation and uncertainty,\" said\n \n Tom Finke\n \n , Aimia's outgoing Executive Chairman. \"At that time the board and management team of Aimia set out to refocus the Company on enhancing shareholder value by improving the operational performance of our core holdings, monetizing value in our minority investments portfolio, reducing Holding Company costs, and reaching a cooperation agreement with Aimia's largest shareholder.\"\n \n\n Mr. Finke added \"While I am pleased with our accomplishments over the past year, there is more work to be done to further unlock shareholder value. With that in mind, I have decided that this is the right time for me to hand the reins of the Company to Rhys given his experience and vision for growing shareholder value. I would like to thank my fellow board members, the management team, and Aimia's shareholders for the support and encouragement they have provided me over the past year. I look forward supporting the Company's continued success as a long-term shareholder.\"\n \n\n During Mr. Finke's tenure as Executive Chairman, the Company and the Board prioritized enhancing common shareholder value by focusing on four main objectives: unlocking the full value of Aimia's core holdings, Bozzetto and Cortland; responsibly monetizing Aimia's non-core assets; optimizing Aimia's capital structure; and reducing holding company expenses.\n \n\n Since Aimia's AGM in\n \n June 2024\n \n , the...