[ad_1]
VANCOUVER, British Columbia, May 5, 2020 (GLOBE NEWSWIRE) – Central 1 Credit Union (“Central 1”) announced the results of the voting for its virtual 2020 Annual General Meeting (AGM) held on April 28, 2020. Class “A” Members approved, by ordinary resolution on an electronic ballot:
- the appointment of the auditors to hold the position until the conclusion of the next Central 1 annual general meeting at a remuneration to be established by the Central 1 Board of Directors;
- 2020 operating fees; and
- 2020 continuous flow fees.
Central 1 previously announced on March 11, 2020 that the following candidates were declared elected by acclamation:
- for the British Columbia region: Shelley McDade (reelected for the second term) and Paul Challinor
- for the ON region: Rob Paterson (reelected for the third term) and Kerry Hadad
Each re-elected and elected Director was elected to a three-year term from the conclusion of the 2020 AGM and expiring at the conclusion of the 2023 AGM. In addition, the Vancouver City Savings Credit Union reappointed Jan O’Brien to the Board of Directors of Central 1, also for a period of three years from the conclusion of the AGM of 2020 and which expires at the conclusion of the AGM of 2023.
On May 5, 2020, the Board of Directors of Central 1 approved the appointment of Chris Catliff to fill a casual vacancy on the Board left by the resignation of Angela Kaiser. Mr. Catliff’s appointment will begin on May 5, 2020 and will expire at the conclusion of the 2021 General Assembly.
The Central 1 Board of Directors believes that the diversity of newly elected and appointed Directors contributes to a Board that is diverse, including background, skills, experience and gender, and reflects the diversity of the communities that Central 1 serves.
Central 1’s Board of Directors is made up of the following directors:
| Chris Catliff | Penny-Lynn McPherson |
| Paul Challinor | Jan O’Brien |
| Mary Falconer | Rob Paterson |
| Kerry Hadad | Blaize Reich |
| Rick Hoevenaars | Sunny Sodhi |
| Bill kiss | Cheryl Wallace |
| John Kortram | Rob well understood |
| Shelley McDade |
In addition, on May 5, 2020, Bill Kiss and Rob Paterson were re-elected as Chairman of the Board and elected as Vice-Chairmen, respectively, for a period of one year.
About Central 1
Central 1 is a preferred partner for financial, digital banking and payment products and services, driving business success across Canada. We leverage our scale, strength and experience to drive the progress of more than 250 credit unions and other financial institutions, improving the financial well-being of more than 5 million clients from coast to coast. For more information visit www.central1.com.
Caution regarding forward-looking statements
This press release contains forward-looking statements based on assumptions, uncertainties, and management’s best estimates of future events. These include, but are not limited to, statements containing the words “may”, “will”, “intentions” and “anticipate” and other similar words and expressions. Forward-looking statements are based on management’s opinions and estimates as of the date the statements are made. Actual results may differ materially from those currently anticipated. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain important assumptions of Central 1 in making forward-looking statements include, but are not limited to, directors complying with the expected terms of office and corporate governance schedules. Significant risk factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include the risks periodically detailed in Central 1’s periodic reports filed with securities regulators. Given these risks, the reader is cautioned not to place undue reliance on the forward-looking statements. Central 1 assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact:
Marilyn Loewen Mauritz
Transformation and Legal Director, Corporate Secretary
Central 1
T 604.737.5935
me [email protected]
