10:05:43 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Aimia Inc
Symbol AIM
Shares Issued 84,164,614
Close 2023-07-10 C$ 3.33
Market Cap C$ 280,268,165
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Aimia appoints Little as independent director

2023-07-10 11:52 ET - News Release

Mr. Phil Mittleman reports

AIMIA ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Aimia Inc. has appointed a new independent director, Thomas (Tom) Little, to its board of directors, effective immediately. Mr. Little's qualifications and skill set expand the board's expertise as he brings a wealth of experience in executive leadership, strategy and finance to the board. Karen Basian has assumed the role of interim chair of the board, replacing David Rosenkrantz, who is leaving the board after more than three years of distinguished service.

Phil Mittleman, chief executive officer of Aimia, said: "We are delighted to welcome Tom to Aimia's board of directors. He is an accomplished business leader with a long and successful track record of operating both large and smaller businesses, and his experience will be of great value to the company. Tom's addition to the board underscores our ongoing, active efforts to enhance our board leadership."

Mr. Little commented: "I am delighted to join Aimia's board of directors and to work with its strong management team and impressive group of assets. The acquisitions of Tufropes and Bozzetto are especially promising and have the potential to be game changers. I see significant opportunities to grow these businesses organically and through further acquisitions, and I look forward to helping drive that success."

Mr. Mittleman added: "We would like to thank David for his valuable contributions as board chair. He has played a valuable role in our transition to a holding company with an exciting portfolio of assets, and he will be missed. Karen, who will assume the role of interim chair, has been a board member for over three years and has over 25 years of experience in the consumer products and services, financial services, health care, and technology sectors."

New director biography

Thomas Little, CPA, ICDD, is an accomplished executive with over 39 years of experience leading transformational change across organizations. Mr. Little served as the executive vice-president of Bell Canada and president of Bell Business Markets, where he successfully implemented strategies to drive growth and enhance the client experience by integrating wireless and wireline business groups. Prior to that, he helped build and operate successful Canadian technology companies, including as the president and chief executive officer of VisualSonics Inc. and as executive vice-president and general manager at Dicom Information Technologies, which both yielded successful liquidity events. Mr. Little is a chartered professional accountant and holds an honours business administration degree from the Ivey School of Business at the University of Western Ontario. Additionally, he has obtained an ICDD designation from the Rotman Directors Education Program and is currently a director at Rise Asset Development.

About Aimia Inc.

Aimia is a holding company with a focus on making long-term investments in private and public companies, on a global basis, through controlling or minority stakes. The company owns a portfolio of investments, including 100-per-cent ownership of Tufropes, a global leader in the manufacturing of high performance synthetic fibre ropes and netting solutions for global aquaculture, maritime and other various industrial customers; 94-per-cent ownership of Bozzetto Group, one of the world's largest ESG-focused (environmental, social and governance) providers of specialty sustainable chemicals; a 10.85-per-cent stake in Clear Media Ltd., one of the largest outdoor advertising firms in China; a 48.9-per-cent equity stake in Kognitiv, a global SaaS (software as a service) company inspiring customer loyalty through data-driven personalization; as well as an 11.9-per-cent equity stake in Trade X, a global B2B (business-to-business) cross-border automotive trading platform.

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