TORONTO,
Oct. 10, 2014 /CNW/ - IBI Group Inc.
(the "Company") (TSX: IBG) announced today that Alan R. Marchment has retired from the Company's
board of directors (the "Board") to pursue other personal and
professional commitments, effective immediately. Mr. Marchment had
previously indicated a desire to retire from the Board following
the achievement of the recently announced milestones in our
recapitalization plan. The Company would like to thank Mr.
Marchment for his significant contributions and wishes him the best
in his future endeavours.
The Board of directors will, in accordance with
past practice, establish a director search committee to find
additional qualified independent directors. Dale Richmond will rejoin the Audit Committee
and Lorraine Bell will replace Mr.
Marchment as Chair.
About IBI Group Inc.:
The Company is a TSX listed corporation and its
common shares trade under the symbol "IBG".
IBI Group is a globally integrated architecture,
planning, engineering, and technology firm with professionals
around the world. For more than 40 years, our dedicated
professionals have helped clients create livable, sustainable, and
advanced urban environments. We are one of the largest architecture
firms in the world.
From high-rises to industrial buildings, schools
to state-of-the-art hospitals, transit stations to highways,
airports to toll systems, bike lanes to parks, we design every
aspect of a truly integrated city for people to live, work, and
play.
We organize our expertise into three areas:
- Intelligence: systems designer, software development.
- Buildings: building architecture, building engineering
(mechanical, structural, electrical).
- Infrastructure: planning, urban design, landscape architecture,
transportation, and engineering.
Our collaborative and combined approach focuses
not only on creating the best solutions today, but also creating
the right solutions for tomorrow.
We believe cities must be designed with
intelligent systems, sustainable buildings, efficient
infrastructure, and a human touch.
At IBI, we're defining the cities of
tomorrow.
SOURCE IBI Group Inc.