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Bonterra Energy Corp. Announces Appointment of New Board Chair and Adoption of Advance Notice By-Law
Bonterra Energy Corp. Announces Appointment of New Board Chair and Adoption of Advance No...
About this update from Bonterra Energy Corp.
[{"type":"text","content":"\n \n \n \n Bonterra Energy Corp. Announces Appointment of New Board Chair and Adoption of Advance Notice By-Law\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 CALGARY, AB\n \n ,\n \n April 14, 2021\n \n /CNW/ -- Bonterra Energy Corp. (\n \n www.bonterraenergy.com\n \n ) (TSX: BNE) (\"Bonterra\" or the \"Company\") today announces that Mr. D.\n \n Michael G. Stewart\n \n has been appointed Chair of the Board of Directors (the \"Board\") effective immediately, assuming the role from Mr.\n \n George Fink\n \n , who remains an active Director on the Board and the Company's Chief Executive Officer. In addition, Bonterra's Board has approved certain amendments to the Company's by-laws (the \"By-Law Amendments\"), including the adoption of an advance notice requirement in connection with nominations of directors by shareholders of Bonterra.\n \n \n \n Board Changes\n \n \n \n The separation of Board Chair and CEO is common practice and it reflects Bonterra's commitment to maintaining corporate governance standards and Board renewal efforts that align with best practices. Mr. Stewart was appointed to the Board on\n \n March 17, 2021\n \n and brings more than 40 years of experience in the Canadian energy industry, along with deep expertise across all facets of corporate governance and an extensive track record serving as a corporate director.\n \n \n In addition, Mr.\n \n Randy Jarock\n \n , who has been a director of Bonterra since 2012, has advised the Board that he does not intend to stand for re-election at the Company's upcoming annual and special meeting of shareholders to be held on\n \n May 20, 2021\n \n . Bonterra wishes to thank Randy for his more than 25 years of service to the Company, at first in a Senior Management position, followed by his role as a Director. We wish Randy all the best in his future endeavours.\n \n \n \n By-Law Amendments\n \n \n \n The Company's by-laws were amended to provide a clear process for shareholders to follow for director nominations, and will help ensure that all shareholders receive adequ...