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Stuart Olson Announces Appointment of a New Director

December 03, 2018

CALGARY, Dec. 3, 2018 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced the appointment of Mary C. Hemmingsen to its Board of Directors. Ms. Hemmingsen will join the Audit Committee and Health, Safety and Environment Committee. 

Ms. Hemmingsen currently serves on the advisory board for InstarAGFAsset Management Inc., and the governing board for Women in Energy Canada, is the Board Chair of Trace Water Solutions Ltd, and is the Executive Vice President and Chief Financial Officer for North West Innovation Works, a multi-national partnership committed to building clean-tech facilities. Prior to North West Innovation Works, Ms. Hemmingsen served as a KPMG Canada Partner, Canadian Power and Utilities Lead and KPMG's Global Head Gas and LNG, where she provided strategic advice and support for project and market development to global and regional energy entities. Prior to KPMG, Ms. Hemmingsen was Senior Vice President Business Development for Brookfield Power and Utilities, advancing Brookfield's North American and global development interests.  

The Company also announced that Richard T. Ballantyne has resigned from its Board of Directors. Mr. Ballantyne joined the Board in 2013 and was the Chair of the Health, Safety and Environment Committee and member of the Audit Committee.

"On behalf of the Board, I want to recognize Rich for his valuable service and contributions over the years", said Albrecht Bellstedt, Chairman of the Board.

Commenting on Ms. Hemmingsen's appointment, Mr. Bellstedt stated, "I am very pleased to welcome Mary to our Board. Her financial expertise and experience as an energy business leader who provides strategic advice and direction to energy and related infrastructure businesses in the public and private sector, will complement our Board's overall skill set. This appointment highlights our emphasis on sector expertise and regional representation in line with our diversification strategy."

Ms. Hemmingsen is a British Columbia based Chartered Professional Accountant (CPA). Ms. Hemmingsen completed the Harvard Business School Executive Management Program and earned a Bachelor of Business Administration Degree from Simon Fraser University. 

About Stuart Olson Inc.

Stuart Olson Inc. provides general contracting and electrical building systems contracting in the public and private construction markets as well as general contracting, electrical, mechanical and specialty trades, such as insulation, cladding and asbestos abatement, in the industrial construction and services market. The Company operates office locations and projects throughout Western Canada, Ontario and the territories. Stuart Olson was recognized as one of Alberta's Top 70 Employers in 2018 for the second consecutive year. Stuart Olson's common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols "SOX" and "SOX.DB.A", respectively. www.stuartolson.com

SOURCE Stuart Olson Inc.

David Lemay, President and Chief Executive Officer, Stuart Olson Inc., (403) 685-7777, Email: inquiries@stuartolson.com