Brookfield Business Partners Announces Change to the Board of Directors
May 08 2020 - 3:15PM
Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN)
(“Brookfield Business Partners”) announced today that Anthony
Gardner has stepped down from our Board of Directors in order to
accept a position as a Managing Partner at Brookfield Asset
Management, based in London, U.K. Mr. Gardner, who served as the
U.S. Ambassador to the European Union from 2014 to 2017, intends to
join Brookfield as an executive in its Private Equity Group where
he will focus on European investment opportunities and strategic
initiatives.
Jeffrey Blidner, Chair of our Board, stated, "I
would like to thank Anthony for his guidance and support as a Board
member for the past two and a half years and wish him success in
his new senior management role with Brookfield.”
A search is underway for a new director to join
the Brookfield Business Partners Board and is expected to be
completed later this year.
Brookfield Business Partners is
a business services and industrials company focused on owning and
operating high-quality businesses that benefit from barriers to
entry and/or low production costs.
Brookfield Business Partners is the flagship
listed business services and industrials company of Brookfield
Asset Management, a leading global alternative asset manager with
over $515 billion of assets under management. More information is
available at www.brookfield.com.
Brookfield Business Partners is listed on the
New York and Toronto stock exchanges. For more information, please
visit our website at https://bbu.brookfield.com.
For more information, please contact:
Media:Claire HollandTel: +1 (416) 369-8236Email:
claire.holland@brookfield.com |
Investors:Alan FlemingTel: +1 (416)
645-2736Email: alan.fleming@brookfield.com |
Cautionary Statement Regarding
Forward-looking Statements and Information
Note: This news release contains
“forward-looking information” within the meaning of Canadian
provincial securities laws and “forward-looking statements” within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, Section 21E of the U.S. Securities Exchange Act of 1934,
as amended, “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995 and in any applicable
Canadian securities regulations. Forward-looking statements include
statements that are predictive in nature, depend upon or refer to
future events or conditions, and include words such as “expects,”
“intends,” or negative versions thereof and other similar
expressions, or future or conditional verbs such as “will.”
Although we believe that our anticipated future
results, performance or achievements expressed or implied by the
forward-looking statements and information are based upon
reasonable assumptions and expectations, the reader should not
place undue reliance on forward-looking statements and information
because they involve known and unknown risks, uncertainties and
other factors, many of which are beyond our control, which may
cause the actual results, performance or achievements of Brookfield
Business Partners to differ materially from anticipated future
results, performance or achievement expressed or implied by such
forward-looking statements and information.
Factors that could cause actual results to
differ materially from those contemplated or implied by
forward-looking statements include, but are not limited to: the
impact or unanticipated impact of general economic, political and
market factors in the countries in which we do business, including
as a result of the recent novel coronavirus outbreak (COVID-19);
the behavior of financial markets, including fluctuations in
interest and foreign exchange rates; global equity and capital
markets and the availability of equity and debt financing and
refinancing within these markets; strategic actions including
dispositions; the ability to complete and effectively integrate
acquisitions into existing operations and the ability to attain
expected benefits; changes in accounting policies and methods used
to report financial condition (including uncertainties associated
with critical accounting assumptions and estimates); the ability to
appropriately manage human capital; the effect of applying future
accounting changes; business competition; operational and
reputational risks; technological change; changes in government
regulation and legislation within the countries in which we
operate; governmental investigations; litigation; changes in tax
laws; ability to collect amounts owed; catastrophic events, such as
earthquakes, hurricanes and pandemics/epidemics; the possible
impact of international conflicts and other developments including
terrorist acts and cyber terrorism; and other risks and factors
detailed from time to time in our documents filed with the
securities regulators in Canada and the United States.
We caution that the foregoing list of important
factors that may affect future results is not exhaustive. When
relying on our forward-looking statements, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events. Except as required by law,
Brookfield Business Partners undertakes no obligation to publicly
update or revise any forward-looking statements or information,
whether written or oral, that may be as a result of new
information, future events or otherwise.
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