MONTREAL, QUEBEC -- (Marketwired) -- 06/20/13 -- GENIVAR Inc. (TSX: GNV) ("GENIVAR" or the "Company") is pleased to announce that effective July 1st, 2013, Christopher Cole, currently Executive Chairman of the Board, will become non-executive Chairman of the Board of GENIVAR. In August 2012, following the merger between WSP and GENIVAR, Mr. Cole was appointed Executive Chairman to ensure a smooth integration of both companies, which is progressing as planned.
"This natural transition will ensure that the Leadership team, led by Pierre Shoiry, our President and Chief Executive Officer, has clear executive responsibility, while I concentrate on providing the Board with strong chairmanship, governance, engagement and direction to support the sustainable growth, diversification and performance of the Company," stated Christopher Cole.
Commenting on this announcement, Pierre Shoiry, President and Chief Executive Officer of GENIVAR said: "I can't thank Chris enough for his invaluable role in the integration of WSP and GENIVAR. As we continue our journey towards becoming the very best consultancy in the world and delivering on our 2013-2015 strategic plan, I am delighted that the management team will continue to benefit from Chris' knowledge, judgment and guidance."
Certain information regarding GENIVAR contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although GENIVAR believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. GENIVAR's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect GENIVAR's actual or projected results are included in the Management Discussion and Analysis for the fourth quarter and year ended December 31, 2012, which are available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and GENIVAR does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.
The Company, through its combination with WSP, is one of the world's leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines. The firm provides services to transform the built environment and restore the natural environment, and its expertise ranges from environmental remediation to urban planning, from engineering iconic buildings to designing sustainable transport networks, and from developing the energy sources of the future to enabling new ways of extracting essential resources. It has approximately 15,000 employees, mainly engineers, technicians, scientists and architects, as well as various environmental experts, based in more than 300 offices, across 35 countries, on every continent. www.genivar.com.
Director, Communications and Investor Relations
514-340-0046, ext. 5648
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