Business
Electrovaya Announces Appointment of John Macdonald to its Board of Directors
Electrovaya Announces Appointment of John Macdonald to its Board of Directors Cana...
About this update from Electrovaya Inc.
[{"type":"text","content":"\n\n\n\nElectrovaya Announces Appointment of John Macdonald to its Board of Directors\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Aug. 12, 2019\n\n\n\nA seasoned energy and technology executive with extensive M&A and financing experience \n TORONTO, Aug. 12, 2019 /CNW/ - Electrovaya Inc. (TSX:EFL) (OTCQX:EFLVF) is pleased to announce the appointment of John Macdonald to its Board of Directors, effective immediately. Mr. Macdonald is a highly talented executive with more than three decades of management experience in the energy and telecom sectors. Over the course of his career, he has raised more than $2.5 billion in financing and has been involved in 27 acquisitions and 4 divestitures. He has launched four businesses that each created more than $100 million of value. \n\n \n \n\n \nMr. Macdonald was the first employee of Enercare Inc., which began operations in 2006. As President and CEO, he built Enercare into one of North America's leading home and commercial services and energy solutions companies. Enercare completed 17 acquisitions during his tenure and generated a total shareholder return of 710%. He retired from Enercare in August 2018 after the firm agreed to be acquired by Brookfield Infrastructure for $4.3 billion.\nPrior to Enercare, Mr. Macdonald held senior roles at companies including Hydro One Telecom, AT&T Canada and Nortel Networks. He was recently appointed Chair of the Board at Parity, a Canadian property technology company. He is also committed to community involvement, making significant contributions to non-profit organizations including the University of Toronto Entrepreneurship Program and Brockville General Hospital.\n\"We are thrilled to welcome John to the Electrovaya team,\" said Alexander McLean, Chairman of Electrovaya's Board of Directors. \"His extensive experience in raising capital, along with his deep expertise in the technology and energy sectors, are tremendous additions to our company.\"\n\"Lithium ion batteries are a crucial element of clima...