TORONTO, July 11, 2019 /PRNewswire/ - Retained executive
search firm The Caldwell Partners International Inc.
("Caldwell" or the "Company") (TSX: CWL) announced
today that Mr. G Edmund King,
Chairman of the Company's Board of Directors (the "Board"),
has retired as Chairman and as a member of the Board. Mr. King has
served as a member of the Board since July
16, 2003, and as Chairman since March
12, 2010.
"It has been my privilege and great honour to work with and for
Mr. King for the last 11 years," said John
Wallace, Chief Executive Officer of Caldwell. "Ed has been
one of the driving forces behind our dramatic growth and
international expansion, and his savvy counsel and strategic
leadership has pushed us to continually greater heights. On behalf
of our shareholders, stakeholders and employees, I would like thank
him for his guidance, friendship and dedicated service to
Caldwell."
We are pleased to announce that Mr. Elias Vamvakas has been appointed to the Board
to fill the vacancy left by Mr. King's retirement. Mr. Vamvakas
will also replace Mr. King as Chairman of the Board and as a member
of each of the Audit Committee, Investment Committee, and
Nominating/Corporate Governance/Compensation Committee of the
Board.
Mr. Vamvakas is the Chairman, CEO and founder of Greybrook
Capital, a private equity firm focused on real estate and
healthcare. Mr. Vamvakas is also chairman of Greenbrook-TMS
NeuroHealth centers, (TSX:GTMS), the leading provider of TMS
therapy in North America. He is
also chairman of TearLab Corporation (NASDAQ:TEAR), an ophthalmic
device company developing and commercializing novel, lab-on-a-chip
technologies that enable eye care practitioners to test for highly
sensitive and specific biomarkers in tears at the point-of-care.
Prior to Greybrook Capital, Mr. Vamvakas co-founded TLCVision
(NASDAQ/TLCV, TSX/TLC) where he served as Chairman and CEO.
Caldwell is also pleased to announce the appointment of Mr.
John Young to the Board, pending the
approval of shareholders by way of a special resolution to permit
the Board to fix the size of the Board between meetings of
shareholders (the "Board Size Resolution"). Approval of the
Board Size Resolution is being sought at Caldwell's upcoming
special meeting of shareholders, which will be held on Wednesday, September 4th at 4:00PM.
Mr. Young is the Chief Executive Officer of Boat Rocker Media, a
global entertainment company that creates, produces and distributes
premium content for all platforms; producing shows such as Orphan
Black, The Next Step, The Amazing Race Canada, Killjoys, Big
Brother Canada, MasterChef Canada and X Company. Mr. Young also
serves as vice-chair on the board of the Academy of Canadian Cinema
and Television. He is a member of the boards of Golf Town, Sporting
Life and Toys R Us. He is also the Chairman of the Board of Feeding
Canadian Kids, a Canadian charity committed to feeding nutritious
dinners to children in underprivileged communities who suffer food
insecurity. Mr. Young graduated with honours from the Law School at
the University of Dundee. He also
received a Diploma in Legal Practice from Glasgow University. Mr. Young is also a graduate of
the Directors Governance College at University
of Toronto's Rotman School of
Business.
"Elias and John are outstanding additions to our Board," said
Wallace. "We are excited about the unique expertise, depth of
leadership and comprehensive business experience they bring, as we
continue to evolve and lead the organization forward. We are
confident they will provide valuable perspective and insight as we
execute our strategy, drive profitability and enhance value for all
Caldwell shareholders."
About Caldwell
At Caldwell we believe Talent Transforms. As a leading
provider of executive talent, we enable our clients to thrive and
succeed by helping them identify, recruit and retain their best
people. Our reputation–nearly 50 years in the making–has been built
on transformative searches across functions and geographies at the
very highest levels of management and operations. With offices and
partners across North America,
Europe and Asia Pacific, we take pride in delivering an
unmatched level of service and expertise to our clients.
Understanding that transformative talent is not limited to
executive levels, our Caldwell Advance solution focuses on emerging
leaders and advancing professionals who can also have a profound
impact on a company's ability to turn potential into success. We
also leverage our skills and networks to provide agile talent
solutions in the form of flexible and on-demand advisory solutions
for companies looking for support in strategy and operations. Also,
we are the largest licensed certified partner of The Predictive
Index (PI), an award-winning talent optimization platform with a
suite of talent strategy and assessment tools that – when
integrated with our search process – helps clients hire the right
people, then manage and inspire them to achieve maximum business
results as fast as possible.
Caldwell's Common shares are listed on The Toronto Stock
Exchange (TSX: CWL). Please visit our website at
www.caldwellpartners.com for further information.
Forward-Looking Statements
Forward-looking statements in this document are based on current
expectations that are subject to the significant risks and
uncertainties cited. These forward-looking statements generally can
be identified by use of statements that include phrases such as
"believe," "expect," "anticipate," "intend," "plan," "foresee,"
"may," "will," "likely," "estimates," "potential," "continue" or
other similar words or phrases. Similarly, statements that describe
our objectives, plans or goals also are forward-looking statements.
The Company is subject to many factors that could cause our actual
results to differ materially from those contemplated by the
relevant forward looking statement including, but not limited to,
our ability to attract and retain key personnel; exposure to our
partners taking our clients with them to another firm; the
performance of the US, Canadian and international economies;
competition from other companies directly or indirectly engaged in
executive search; liability risk in the services we perform;
potential legal liability from clients, employees and candidates
for employment; cybersecurity requirements, vulnerabilities,
threats and attacks; damage to our brand reputation; our ability to
align our cost structure to changes in our revenue; adverse tax law
rulings; our ability to generate sufficient cash flow from
operations to support our growth and maintain our dividend;
technological advances may significantly disrupt the labour market
and weaken demand for human capital at a rapid rate; foreign
currency exchange rate fluctuations; affiliation agreements may
fail to renew or affiliates may be acquired; marketable securities
valuation fluctuations; increasing dependence on third parties for
the execution of critical functions; volatility of the market price
and volume of our common shares; potential impairment of our
acquired goodwill and intangible assets; and disruption as a result
of actions of certain stockholders or potential acquirers of the
Company. For more information on the factors that could affect the
outcome of forward-looking statements, refer to the "Risk Factors"
section of our Annual Information Form and other public filings
(copies of which may be obtained at www.sedar.com). These factors
should be considered carefully, and the reader should not place
undue reliance on forward-looking statements. Although any
forward-looking statements are based on what management currently
believes to be reasonable assumptions, we cannot assure readers
that actual results, performance or achievements will be consistent
with these forward-looking statements, and management's assumptions
may prove to be incorrect. Except as required by Canadian
securities laws, we do not undertake to update any forward-looking
statements, whether written or oral, that may be made from time to
time by us or on our behalf; such statements speak only as of the
date made. The forward-looking statements included herein are
expressly qualified in their entirety by this cautionary
language.
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SOURCE The Caldwell Partners International Inc.