CALGARY, Dec. 9 /CNW/ -- The Churchill Corporation (the "Corporation" or "Churchill") announced that its Board of Directors today appointed Ms. Wendy L. Hanrahan as a new director. Ms. Hanrahan becomes the tenth member of Churchill's Board of Directors and will stand for election at the next annual general and special meeting of stockholders to be held in May 2010.
Ms. Hanrahan is a chartered accountant with over 25 years of business and leadership experience. Ms. Hanrahan currently serves as Vice-President, Human Resources, Communications and Facilities Management at TransCanada Corporation ("TransCanada"), a position she has held since 2005. TransCanada, headquartered in Calgary, is a leader in the responsible development and reliable operation of North American energy infrastructure. Prior thereto, Ms. Hanrahan has held progressively senior roles with TransCanada and TC Pipelines LP in the areas of accounting and finance, corporate strategy, planning and evaluations.
"We are delighted Wendy has agreed to become a member of the Churchill board," said Mr. Albrecht Bellstedt, Chairman of the Board. "Her financial and accounting experience, background in strategy and commercial issues along with her human resources experience will make her a tremendous asset to Churchill as we assess alternatives to deliver greater shareholder value."
Ms. Hanrahan is currently a Director of Heritage Park Historical Village, Chair of Career Services Advisory Committee at the University of Calgary, and a member of the advisory board at Bowen Workforce Solutions. Ms. Hanrahan previously served as a Director of the Canadian Mental Health Association.
About The Churchill Corporation:
The Churchill Corporation provides building construction, industrial insulation and electrical contracting services throughout Western Canada. Churchill common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".
FORWARD LOOKING STATEMENTS
Certain statements in this Press Release may constitute "forward-looking statements". Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes, plans and objectives of the Corporation. Many of these statements can be identified by looking for words such as "believes," "expects," "may," "will," "intends," "anticipates," "estimates," "continues," or the negative thereof, or other variations thereon. Although management of Churchill believes its expectations regarding future performance of the Corporation are based on reasonable assumptions and currently available competitive, financial and economic data, market conditions and operating plans, it can give no assurance its expectations will be achieved. The Corporation cautions that, by their nature, forward-looking statements, involve risks, and uncertainties and that its actual actions, and/or results could differ materially from those expressed or implied in such forward-looking statements, and that the aforementioned risks, uncertainties and actions could affect the extent to which a particular projection materializes. The Corporation assumes no obligation to update the forward-looking statements should circumstances or the Corporation's management's estimates or opinions change.
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