Business
Shawcor Ltd. announces the election of a new board chair Virginia L. Shaw
Shawcor Ltd. announces the election of a new board chair Virginia L. Shaw.
About this update from Mattr Corp
[{"type":"text","content":"\n\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, Feb. 7 /CNW/ - SHAWCOR LTD. (TSX: SCL.A, SCL.B) today announced\nthat its Board of Directors has elected Virginia L. Shaw to succeed her\nfather, the late Leslie E. Shaw, as Chair of the Company.\n\n\nVirginia Shaw has been a Director of the Company since April 1994 and\nbecame Vice Chair of the Board in August 2000. During her tenure on the Board,\nMs. Shaw has played a proactive role in the oversight of the Company's\nstrategy and long-term planning. She will continue to do so in her new role in\naddition to leading the activities of the Board of Directors. Control of the\nShaw family's interest in the Company has been held by Ms. Shaw for many years\nin anticipation of an orderly succession.\n\n\nShawCor Ltd. is an energy services company specializing in products and\nservices for the pipeline and pipe services and the petrochemical and\nindustrial segments of the oil and gas industry. The company operates through\nsix divisions with manufacturing and service facilities located around the\nworld.\n\n\nThis news release contains forward-looking information within the meaning\nof applicable securities laws. Words such as \"may\", \"will\", \"should\",\n\"anticipate\", \"plan\", \"expect\", \"believe\", \"predict\", \"estimate\" and similar\nterminology are used to identify forward-looking information. This\nforward-looking information is based on assumptions, estimates and analysis\nmade in light of the company's experience and its perception of trends,\ncurrent conditions and expected developments, as well as other factors that\nare believed by the company to be reasonable and relevant in the\ncircumstances. Forward-looking information involves known and unknown risks,\nuncertainties and other factors which may cause actual results, performance or\nachievements to be materially different from those predicted, expressed or\nimplied by the forward-looking information. The risks and uncertainties\ninclude, among other things, changes in global economic activity and changes\nin energy supply and demand which impact on the level of drilling activity and\npipeline construction; political, economic and other risks arising from\ninternational operations; compliance with environmental, trade and other laws;\nliability claims; fluctuations in foreign exchange rates and fluctuations in\nraw mater...