TORONTO, June 26 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today announced the appointments of Pierre J. Jeanniot, O.C., C.Q., B.Sc., LL.D., D.S., Brigadier-General (retired) Robert Pepper (Pep) Fraser, OMM, CD, P.Eng., and Keith King to the Corporation's Board of Directors.
- Mr. Jeanniot, O.C., C.Q FRAes is President and CEO of JINMAG Inc., a
consulting, management and investment company which he founded in
1990 and which provides advice to governments, civil aviation
authorities, airlines and other aviation-related companies. He also
serves on the Board of a number of subsidiary companies of Scotia
Bank, as well as Jet Airways, Travel Success Group, among others.
Pierre Jeanniot was President and CEO of Air Canada from 1984 to
1990 and directed the privatization of the State-owned airline,
which he then headed for the next two years.
In 1993, he was appointed Director General and CEO of the
International Air Transport Association (IATA). In June 2002, he was
awarded the lifetime title of Director General Emeritus in
recognition of his outstanding contribution to IATA and
international civil aviation. He was named Officer of the Order of
Canada in 1989, and appointed Chevalier de la Legion d'Honneur by
the French government in 1991. In January 2008, he was elected a
Fellow of the Royal Aeronautical Society.
Jean-Louis Larmor, Luxell's CEO said, "We expect Mr. Jeanniot's wealth of knowledge of the commercial aerospace sector will be of great benefit to Luxell's continuing development and will add to our understanding of the dynamics and the players within this critical market segment. Considering his experience on various boards of both small and large, international companies, Mr. Jeanniot will also contribute to our governance management skills."
- Mr. Fraser retired from the Canadian Forces in 1994 after 33 years
of distinguished service. His last Canadian Forces assignment was at
National Defence Headquarters (NDHQ), where he was Director General
Communications & Electronics Development.
Following his retirement, Mr. Fraser accepted a senior position with
the NATO Airborne Early Warning and Control Programme Management
Agency (NAPMA) in Brunssum, The Netherlands. In that position, he
was responsible for the modernization of NATO's fleet of E-3A
Airborne Early Warning & Control Aircraft and Trainer Cargo
Aircraft. During his tenure, more than $1.2 billion of fleet
upgrades were completed.
Brigadier-General Fraser is a distinguished graduate of the
University of Saskatchewan (Bachelor of Science in Electrical
Engineering), the Canadian Forces National Defence College, the
American Industrial College of the Armed Forces in National Security
Management, and the NATO Defence College (Rome). He is a member of
the Association of Professional Engineers of Ontario (APEO), the
Institute of Electrical and Electronics Engineers (IEEE) and the
Armed Forces Communications & Electronics Association (AFCEA). He
returned to Canada in 2003 and established his own consulting
services company.
"We see Mr. Fraser contributing important and valuable insights into the operational views of military upgrade program requirements, specifically in the North American and European market places which currently form the core of our geographical focus," said Gerry Hartley, Luxell's Vice President Business Development.
- Keith King joins Luxell's board with extensive experience in
international trade through the founding of Merchant Pier and Dealer
Source, which buy and sell electrical products in countries
throughout the world. In 2004 Mr. King turned to private investment
ventures and founded Keith King Investments for the management of
investments in limited liability partnerships, debtor-in-possession
financing, bridge financing and factoring. He has also been a Luxell
shareholder since 2005.
"We're also looking forward to Mr. King's involvement with the Board and his experience with international trade and investments. His position as a significant shareholder also fits with the Board's goal of adding directors who bring a committed interest in adding to shareholder value," said Mr. Larmor.
Luxell simultaneously announces the retirement from the Corporation's Board of Directors of Anthony DeCristofaro and David Pasieka. Mr. DeCristofaro originally joined the Board in 1996 and has served as a Director and Chairman. Mr. Pasieka joined Luxell's Board of Directors in 2004 and also served as interim CEO in 2007. Both have been instrumental in helping guide the Company through its restructuring process from being wholly focused on R&D to redefining its activities towards becoming a profitable flat panel display products and technology enterprise specializing in the aerospace and defense sectors. Mr. Pasieka and Mr. DeCristofaro will both continue to remain involved with Luxell as advisors to the Board.
About Luxell
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Luxell designs, manufactures and licenses flat panel display technologies and solutions for defence and avionics industries. More information can be found at www.luxell.com. (C) Luxell Technologies Inc., Luxell and Black Layer are trademarks of Luxell Technologies Inc. All other company and/or product names are trademarks and/or registered trademarks of their respective manufacturers.
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