Mr. Marcel Bourassa reports

SAVARIA APPOINTS CHIEF TRANSFORMATION OFFICER

Savaria Corp. has appointed Jean-Philippe De Montigny to the position of chief transformation officer, effective Jan. 15, 2024.

Mr. De Montigny will be responsible for Savaria One, a companywide effort to maximize the integration and synergies of the accessibility and patient care business segments across all global markets. Working closely with the business unit leaders, his role includes coaching, advising and steering the staff leading the strategic growth initiatives identified earlier this year.

Prior to joining Savaria, Mr. De Montigny was a partner at McKinsey & Co., starting his career with it in 2004. He has extensive experience in creating successful growth acceleration strategies for manufacturing companies of similar sizes to Savaria. Known for his abilities to identify material efficiencies, mentor leaders and guide sustainable growth, Mr. De Montigny also has significant global experience including European and Asian markets. He holds an MBA from INSEAD and a bachelor of commerce from HEC Montreal.

"My colleagues and I are delighted to have Jean-Philippe on board. He brings a complementary expertise to our industry knowledge, including 20 years of experience helping companies improve their operational and financial performance. His leadership will accelerate Savaria One," said Sebastien Bourassa, chief operating officer of Savaria.

"Savaria is starting a new chapter in its history with the appointment of Sebastien Bourassa as president and chief executive officer effective next month, adding Jean-Philippe to our team to focus on Savaria One supporting our 2025 goal of $1-billion in revenue. Jean-Philippe is an exceptionally talented leader who fits well with our culture to work hard, work smart and deliver results," said Marcel Bourassa, president and chief executive officer of Savaria.

"I am excited for the future and the opportunity to join a great team. Savaria has an inspiring history and a bright future. I see tremendous potential for impact and value creation that I look forward to unlock," concluded Mr. De Montigny.

About Savaria Corp.

Savaria is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings. In addition, Savaria converts and adapts vehicles for personal and commercial uses. The corporation operates a sales network of dealers worldwide and direct sales offices in North America, Europe (the United Kingdom, the Netherlands, Switzerland, Italy, Germany, Poland and Czech Republic), Australia and China. Savaria employs approximately 2,250 people globally and its plants are located across Canada, the United States, Mexico, Europe and China.

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