EDMONTON, April 15 /CNW/ - The Churchill Corporation (TSX: CUQ) announced today that Mr. Kim McInnes, Executive Vice President and Chief Operating Officer of Ivanhoe Cambridge, who has served as a director of Churchill since 2002 will not be standing for re-election at the corporation's upcoming meeting of shareholders. Mr. McInnes is resigning from his position as a director effective immediately to focus his energy on Ivanhoe Cambridge business interests.
The Board of Directors would like to thank Mr. McInnes for his service and dedication to the corporation during the past six years, in particular his leadership as Chairman of Churchill's Compensation Committee.
The Churchill Corporation provides building construction, industrial construction and maintenance 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.
