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Toromont Announces the Appointment of a New Independent Director

TORONTO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Toromont Industries Ltd. (TIH) is pleased to announce that it has appointed one new independent director, Mr. Richard G. Roy, effective immediately. 

“We are extremely pleased to have Mr. Roy join the Board of Directors said Robert M. Ogilvie, Chair, Toromont. “In addition to his substantial business acumen, Mr. Roy brings a wealth of experience and understanding of the Québec business environment.”

With the addition of Mr. Roy, the Company’s Board of Directors now consists of nine members, of whom eight are independent.

Mr. Roy is a Québec based business and finance executive. He sits on the board of directors of Uni-Select Inc. a distributor of automotive replacement parts, equipment, tools and accessories in North America, and has served as its President and Chief Executive Officer. He also sits on the board of directors and is the Chair of the Audit Committee of Dollarama Inc., and serves on the board of directors of GDI Integrated Facility Services Inc. and is a member of its audit, human resources and compensation committees.

Mr. Roy received his Fellow Chartered Accountant (FCA) designation from the Ordre des comptables professionnels agréés du Québec in 2012. Mr. Roy is a graduate of École des hautes études commerciales (HEC) in Montréal.

About Toromont

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO.  The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario and Manitoba in addition to most of the territory of Nunavut.  In addition, the Group includes industry leading rental operations, a complementary material handling business and an agricultural equipment business.  CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com.

For more information contact:

Paul R. Jewer 
Executive Vice President and Chief Financial Officer
Toromont Industries Ltd.
T: (416) 514-4790

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