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Medical Facilities Corporation Appoints Two New Independent Directors
Medical Facilities Corporation Appoints Two New Independent Directors Canada Ne...
About this update from Medical Facilities Corporation
[{"type":"text","content":"\n \n \n \n Medical Facilities Corporation Appoints Two New Independent Directors\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 May 9, 2022\n \n \n /CNW/ - Medical Facilities Corporation (TSX: DR) (\"Medical Facilities\" or the \"Corporation\") today announced changes to the Board of Directors (the \"Board\") of the Corporation, including the appointments of\n \n Michael Gisser\n \n and\n \n Jason Redman\n \n as independent directors, effective immediately. Mr. Gisser and Mr. Redman will stand for election at the Corporation's upcoming annual meeting of shareholders (the \"Meeting\"), which will be held on\n \n June 21, 2022\n \n . Bios for both Mr. Gisser and Mr. Redman are included later in this release.\n \n \n The appointments follow a recruitment process the Board initiated after learning that\n \n Jeffrey Lozon\n \n and\n \n Dale Lawr\n \n had decided not to stand for re-election as directors at the Meeting. Mr. Lozon will retire from the Board following the Meeting and Ms. Lawr will retire as of\n \n May 13, 2022\n \n .\n \n \n Mr. Lozon joined the Board as an independent director in 2015 and was appointed Chair in 2019. Mr. Lozon is currently a member of the Audit Committee, Corporate Governance, Nominating and Compensation (\"CGNC\") Committee, and the Investment Committee. Following the Meeting, Mr.\n \n Stephen Dineley\n \n will be appointed as the new Chair of the Board. Mr. Dineley has been an independent director since 2016 and is currently the Chair of the Audit Committee and a member of the Investment Committee.\n \n \n Ms. Lawr has been an independent member of the Board since 2014 and has served on both the Audit Committee and the CGNC Committee, the latter of which she co-chaired from\n \n May 2016\n \n to\n \n May 2019\n \n and chaired from\n \n May 2019\n \n to\n \n May 2021\n \n .\n \n \n \"We are pleased to welcome Michael and Jason to the Board. Together, they bring decades of varied experience spanning corporate governance, operations, finance and accounting, and legal, a...