QUEBEC CITY, July 04, 2022 (GLOBE NEWSWIRE) — (TSX: HEO) – H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) announces the resignation of one of its directors, Mr. René Vachon, and the appointment of Mr. Bertrand Lauzon as director.
Over the past three (3) years, Mr. René Vachon has been a director of the Company and has sat on various committees of the Board of Directors. “We would like to thank Mr. Vachon for his valuable contribution and dedication as a member of the Board of Directors and wish him the best of luck in his new endeavours”, said Lisa Henthorne, chair of the board of H2O Innovation.
Mr. Bertrand Lauzon was appointed as a member of the Corporation’s Board of Directors and Audit Committee on July 1, 2022. Mr. Lauzon currently holds the position of Executive Vice President of BFL Canada, the largest private brokerage of Commercial Insurance in Canada, which he joined in 2006 as Chief Financial Officer. As Executive Vice-President, Mr. Lauzon advises management on complex financial transactions, mergers and acquisitions, and tax matters. Mr. Lauzon is also a member of the Board of Directors, the Audit Committee and the Governance Committee of BFL Canada.
Prior to joining BFL Canada, Mr. Lauzon was Senior Vice-President, Finance, Operations and Systems, as well as Chief Financial Officer of Desjardins Securities. Under his leadership, Desjardins Securities’ assets under management grew from $7 billion to $18 billion. Previously, he was Senior Vice-President of Finance and Information Technology and Chief Financial Officer at the Caisse de dépôt et placement du Québec (CDPQ). Mr. Lauzon has exceptional skills in the financial sector, with over 38 years of experience as a Chartered Professional Accountant.
“The appointment of Mr. Lauzon to the Board of Directors is consistent with the Corporation’s governance practices which aim to create a strong, diverse and independent Board of Directors, with a mix of skills and experience in the areas finance, audit and risk management. management, mergers and acquisitions, and corporate governance and ethics. Thus, Mr. Lauzon’s vast knowledge and experience in finance, commercial insurance as well as business strategy and development will further enrich H2O Innovation Board of Directors”, added Lisa Henthorne.
About H.2O Innovation
Innovation is in our name, and it’s what drives the organization. H2O Innovation is a complete water solutions company focused on providing cutting-edge technologies and services to its customers. The Company’s activities are based on three pillars: (i) Water Technologies & Services (WTS) applies membrane technologies and engineering expertise to provide equipment and services to municipal and industrial water, wastewater and water reuse, (ii) Specialty Products (SP) is a collection of companies that manufacture and supply a full range of specialty chemicals, consumables and engineered products for the global process industry water, and (iii) Operation & Maintenance (O&M) provides contracted operations and associated services for water and wastewater treatment systems. Through innovation, we strive to simplify water. For more information, visit www.h2oinnovation.com.
H2O Innovation Inc.