Savaria Announces New Chief Operating Officer
15 Mai 2023 - 1:45PM
Savaria Corporation (“Savaria”) (TSX: SIS), a global leader in the
accessibility industry, is pleased to announce the appointment of
Sébastien Bourassa to the position of Chief Operating Officer
effective May 15, 2023.
In this newly created role, Mr. Sébastien
Bourassa will lead the daily global operations of the corporation
including its 17 facilities for manufacturing and distribution in
North America, Europe, China and Mexico. He will focus on the
continued optimization of manufacturing operations and procurement
activities, two core initiatives for Savaria that enhance
integration synergies from key acquisitions made by the corporation
in recent years. He will oversee all business segments to help meet
sales and profitability targets, as well as help ensure that
strategic initiatives are communicated and implemented across all
divisions of Savaria, promoting a teamwork culture.
“Sébastien got his start at Savaria over 25
years ago with hands-on installations of our products.
Progressively working in more senior roles, he has always been
willing to go where he has been needed. In 2007, he had a vision to
open a factory in China and he knew the best way to do that was to
be there himself, so he moved there for seven years to lead our
successful Savaria Huizhou operation. In 2022, he headed up the
initiative for Savaria Mexico and had this new assembly facility up
and running in about seven months. I am confident in Sébastien’s
abilities, experience and dedication to Savaria.” declared
Mr. Marcel Bourassa, President and Chief Executive Officer of
Savaria.
Mr. Sébastien Bourassa holds a BBA from HEC
Montréal and an EMBA from Ivey Business School in Hong Kong. His
previous role at Savaria was Vice President of Operations and
Integration.
About Savaria
CorporationSavaria Corporation (savaria.com) is a global
leader in the accessibility industry. It provides accessibility
solutions for the physically challenged to increase their comfort,
their mobility and their independence. Its product line is one of
the most comprehensive on the market. Savaria designs,
manufactures, distributes and installs accessibility equipment,
such as stairlifts for straight and curved stairs, vertical and
inclined wheelchair lifts and elevators for home and commercial
use. It also manufactures and markets a comprehensive selection of
pressure management products for the medical market, medical beds
for the long-term care market, as well as an extensive line of
medical equipment and solutions for the safe handling of patients,
including ceiling lifts and slings. In addition, Savaria converts
and adapts vehicles for personal and commercial uses. The
Corporation operates a sales network of dealers worldwide and
direct sales offices in North America, Europe (UK, Netherlands,
Switzerland, Italy, Germany, Poland and Czech Republic), Australia
and China. Savaria employs approximately 2,250 people globally and
its plants are located across Canada, the United States, Mexico,
Europe and China.
Forward-Looking StatementsThis
press release includes certain statements that are “forward-looking
statements” within the meaning of the securities laws of Canada.
Any statement in this press release that is not a statement of
historical fact may be deemed to be a forward-looking statement.
When used in this press release, the words “believe”, “could”,
“should”, “intend”, “expect”, “estimate”, “assume” and other
similar expressions are generally intended to identify
forward-looking statements. It is important to know that the
forward-looking statements in this document describe the
Corporation’s expectations as at the date hereof, which are not
guarantees of future performance of Savaria or its industry, and
involve known and unknown risks and uncertainties that may cause
Savaria’s or the industry’s outlook, actual results or performance
to be materially different from any future results or performance
expressed or implied by such statements. The Corporation’s actual
results could be materially different from its expectations if
known or unknown risks affect its business, or if its estimates or
assumptions turn out to be inaccurate.
A change affecting an assumption can also have
an impact on other interrelated assumptions, which could increase
or diminish the effect of the change. As a result, the Corporation
cannot guarantee that any forward-looking statement will
materialize and, accordingly, the reader is cautioned not to place
undue reliance on these forward-looking statements. Forward-looking
statements do not take into account the effect that transactions or
special items announced or occurring after the statements are made
may have on the Corporation’s business. For example, they do not
include the effect of sales of assets, monetizations, mergers,
acquisitions, other business combinations or transactions, asset
write-downs or other charges announced or occurring after
forward-looking statements are made.
Unless otherwise required by applicable
securities laws, Savaria disclaims any intention or obligation to
update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise. The
foregoing risks and uncertainties include the risks set forth under
“Risks and Uncertainties” in Savaria’s latest Annual MD&A as
well as other risks detailed from time to time in reports filed by
Savaria with securities regulators in Canada.
For further information:Marcel
BourassaPresident and Chief Executive
Officer1.800.661.5112mbourassa@savaria.com
www.savaria.comfacebook.com/savariabettermobilitytwitter.com/Mobilityforlife
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