Badger Infrastructure Solutions Ltd. Announces the Retirement of Its Board Chair and Successor Appointment
November 02 2023 - 5:07PM
Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”,
“we”, “our” or “us”) (TSX:BDGI) announces that Mr. Glen Roane, the
Chair of the Board of Directors of the Company (the “Board”), will
step down as Board Chair and will retire from the Board at the
close of its next annual meeting of shareholders. Mr. Stephen
Jones, Board Director, has been chosen by the Board to succeed Mr.
Roane as Chair.
The Board prepared for this transition as part
of its normal course succession planning. Through this process, the
Board has concluded that Mr. Jones is very well qualified to lead
the Board and it looks forward to his future contributions. Mr.
Roane will be transitioning the Board Chair responsibilities to Mr.
Jones over the next several months.
“Badger would like to sincerely thank Mr. Roane
for his efforts and accomplishments as Board Chair over the past
nine years. His leadership and business acumen will be missed, and
we wish him all the best in his retirement,” said Mr. Jones. “Mr.
Roane has served as an invaluable member of the Board for nearly 20
years and his impact has been considerable,” Jones added.
“I am pleased to welcome Mr. Jones as our
incoming Board Chair,” commented Mr. Robert Blackadar, Badger’s
President & Chief Executive Officer. “I look forward to working
closely with Steve as he leverages his corporate and board
experience to help Badger deliver on its business strategy. I would
also like to extend my personal thanks to Glen for his counsel and
guidance during my transition to the role of President & Chief
Executive Officer of Badger. Glen has contributed much to Badger’s
success over the years,” Mr. Blackadar concluded.
Mr. Jones was appointed to the Board on March
11, 2021. He is the former President & Chief Executive Officer
of Covanta Holding Corporation, a leading global provider of
sustainable waste and energy solutions. Mr. Jones has extensive
management experience in various industrial and services companies,
including during his time at Air Products and Chemicals Inc. Mr.
Jones also has a legal background, having served as General Counsel
at Air Products for several years. Mr. Jones holds a Bachelor of
Science (Economics) from Bloomsburg University of Pennsylvania, a
Master of Business Administration (Finance) from Temple University
and a Juris Doctor from the University of Pennsylvania. For Mr.
Jones’ full biography as well as further information on the Board,
visit https://ir.badgerinc.com/governance/board-of-directors.
About Badger Infrastructure Solutions Ltd.
Badger is North America’s largest provider of
non-destructive excavating services. Badger works for contractors
and facility owners in a broad range of infrastructure industries
and in general commercial construction. Badger’s customers
typically operate near high concentrations of underground power,
communication, water, gas and sewer lines, where safety and
economic risks are high and where non-destructive excavation
provides a safe alternative for certain customer excavation
requirements.
The Company’s key technology is the Badger
HydrovacTM, which is used primarily for safe excavation around
critical infrastructure and in congested underground conditions.
The Badger Hydrovac uses a pressurized water stream to liquify the
soil cover, which is then removed with a powerful vacuum system and
deposited into a storage tank. To complement the Badger Hydrovac,
the Company introduced the Badger AirvacTM(1), in late 2021. The
Badger Airvac is also used for safe excavation but utilizes
compressed air instead of water to loosen the cover soil before
vacuuming and depositing excavation materials into a storage tank.
Badger is unique in the non-destructive excavation industry because
it designs and manufactures all of its hydrovac and airvac units at
its plant in Red Deer Alberta, which has an annual production
capacity of more than 350 hydrovac and airvac units.
For
further
information:Robert
Blackadar, President & Chief Executive OfficerRobert Dawson,
Chief Financial Officer
Badger Infrastructure Solutions
Ltd.ATCO Building II4th Floor, 919
11th Avenue, SWCalgary, Alberta T2R 1P3Telephone
(403) 264-8500Fax (403) 228-9773
Source: Badger Infrastructure Solutions Ltd.
1 Badger Airvac is a registered trademark in
Canada. The trademark is currently “pending” in the United
States.
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