HALIFAX,
NS, June 27, 2022 /PRNewswire/ - WildBrain
Ltd. ("WildBrain" or the "Company") (TSX: WILD), a
global leader in kids' and family entertainment, announces that
Rita Middleton, CEO and interim CFO
of International Solar Solutions Inc., has been appointed as an
independent director of the Company. Middleton will fill a seat on
the board of directors of WildBrain (the "Board") being
vacated by director Alan Hibben, who
will be stepping down as of September 1,
2022, for personal reasons. Don
Wright, Chair of the Board, will replace Hibben as Chair of
the Audit and Risk Management Committee at that time.
![WildBrain CPLG logo (CNW Group/WildBrain Ltd.) WildBrain CPLG logo (CNW Group/WildBrain Ltd.)](https://mma.prnewswire.com/media/1848716/WildBrain_Ltd__WILDBRAIN_APPOINTS_NEW_DIRECTOR.jpg)
Rita Middleton has over
twenty-five years' strategic senior management experience,
including operational start-up, dynamic growth environments, and
industry regulatory and public company compliance. She has more
than 10 years of experience in the renewable energy sector,
including carbon-emission credits development, ocean tidal energy,
and most recently the manufacture and distribution of micro-solar
energy solutions including the modular solar attic fan.
From 1990 to 2008, Middleton was in the broadcast and
entertainment industry. Initially she was with CUC Broadcasting, a
Canadian media company primarily in the business of cable
television distribution. She then worked in increasingly senior
finance, corporate development and technology roles at Alliance
Atlantis Communications Inc., one of Canada's largest and most successful
international media companies, which was listed on the TSX and
NASDAQ. She was Senior Vice President, Finance & Information
Technology Services, with Alliance Atlantis at the time the company
was sold for CA $2.3 billion in
2007.
Eric Ellenbogen, Chief Executive
Officer and Vice Chair of WildBrain, said: "Rita's entrepreneurial
drive and deep experience with large public media companies,
finance, accounting and management make her a perfect addition to
our Board, bringing tremendous expertise and energy. We're pleased
to welcome Rita and look forward to benefitting from her insights
and leadership experience."
Don Wright, Chair of WildBrain's
Board of Directors, said: "We would like to thank Alan Hibben for his time on the Board and the
outstanding diligence he has brought to his role, providing strong
oversight and leadership. Alan has been a paragon of good
governance, representing the best interests of WildBrain's
shareholders. We wish him all the best for the future."
Alan Hibben said: "I am very
proud of the improvements that the Board and management have made
in governance, strategy and financial flexibility over the last few
years at WildBrain. I am confident that the efforts made to improve
shareholder value will continue and accelerate in the future."
For more information, please
contact:
Investor Relations: Nancy Chan-Palmateer - Director,
Investor Relations, WildBrain
nancy.chanpalmateer@wildbrain.com+1 416-977-7358
Media: Shaun Smith - Director,
Corporate & Trade Communications, WildBrain
shaun.smith@wildbrain.com
+1 416-977-7230
About WildBrain
At WildBrain we inspire imaginations to run wild, engaging kids
and families everywhere with great content across all media. With
approximately 13,000 half-hours of filmed entertainment in our
library – one of the world's most extensive – we are home to such
brands as Peanuts, Teletubbies, Strawberry Shortcake, Yo Gabba
Gabba! Caillou, Inspector Gadget, Johnny
Test and Degrassi. At our 75,000-square-foot
state-of-the-art animation studio in Vancouver, BC, we produce such fan-favourite
series as The Snoopy Show, Snoopy in Space, Chip
& Potato, Carmen
Sandiego, Go, Dog. Go! and more. Our shows are enjoyed
worldwide in more than 150 countries on over 500 streaming
platforms and telecasters, and our AVOD business – WildBrain Spark
– offers one of the largest networks of kids' channels on YouTube,
garnering billions of views per month from over 245 million
subscribers. Through our leading agency, WildBrain CPLG, we also
license consumer products and location-based entertainment in every
major territory for our own properties as well as for our clients
and content partners. Our television group owns and operates four
family entertainment channels that are among the most viewed in
Canada. WildBrain is headquartered
in Canada with offices worldwide
and trades on the Toronto Stock Exchange (TSX: WILD). Visit us at
WildBrain.com.
Forward-Looking
Statements
This press release contains "forward-looking statements" under
applicable securities laws with respect to the Company including,
without limitation, statements regarding the business strategies
and operational activities of WildBrain, the future financial and
operating performance of WildBrain, and the value of WildBrain's
shares. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties and are based on
information currently available to the Company. Actual results or
events may differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause actual
results or events to differ materially from current expectations,
among other things, include the risk factors discussed in materials
filed with applicable securities regulatory authorities from time
to time including matters discussed under "Risk Factors" in the
Company's most recent Annual Information Form and annual Management
Discussion and Analysis. These forward-looking statements are made
as of the date hereof, and the Company assumes no obligation to
update or revise them to reflect new events or circumstances,
except as required by law.
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SOURCE WildBrain Ltd.