News Releases
TSX: CUQ
EDMONTON, July 1 /CNW/ - The Churchill Corporation (the "Corporation" or
"Churchill") announced that its Board of Directors today appointed Mr. Carmen
R. Loberg as a new director. Mr. Loberg will become the ninth member of
Churchill's Board of Directors and was appointed for a term expiring at the
next annual meeting of stockholders to be held in May 2010.
Mr. Loberg is President and CEO of NorTerra Inc., a position he has held
since October 2000. NorTerra, headquartered in Edmonton, is a privately held,
investment and management company owned by the Inuvialuit of the Western
Arctic and Inuit of Nunavut. Companies in the NorTerra Group consist of
Northern Transportation Company Limited, Canada North, Weldco-Beales
Manufacturing Inc., Northern Industrial Sales and Braden Burry Expediting. Mr.
Loberg is a principal and co-founder of C.T. Aeroprojects Inc., a
Calgary-based consulting and asset management company. Mr. Loberg is a trustee
of Canadian Helicopters Income Fund and a Director of Canadian Helicopters
Limited. He chairs the Nominating, Compensation and Corporate Governance
Committee of Canadian Helicopters. Mr. Loberg is a director of McCoy
Corporation and Chair of its Compensation Committee and a member of its
Governance Committee.
"We are very pleased to have Carmen Loberg as a member of the Churchill
board," said Mr. Albrecht Bellstedt, Chairman of the Board. "His exceptional
business background, management and board experience will serve us well in
protecting and promoting shareholder value."
Mr. Loberg is a Director of ArcticNet which is a national organization of
Centres of Excellence comprised of Canada's leading universities involved in
Arctic Research. He also holds directorships with several private companies
and is an active member in various industry associations. Mr. Loberg is a
member of the Board of Directors of the Edmonton Chamber of Commerce, Chair of
its Governance Committee and its past Treasurer.
About The Churchill Corporation:
The Churchill Corporation provides building construction, industrial
construction and maintenance services throughout Western Canada. Churchill
common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".
FORWARD LOOKING STATEMENTS
Certain statements in this Press Release may constitute "forward-looking
statements". Forward-looking statements include, without limitation,
statements regarding the future financial position, business strategy,
budgets, litigation, projected costs, capital expenditures, financial results,
taxes, plans and objectives of the Corporation. Many of these statements can
be identified by looking for words such as "believes," "expects," "may,"
"will," "intends," "anticipates," "estimates," "continues," or the negative
thereof, or other variations thereon. Although management of Churchill
believes its expectations regarding future performance of the Corporation are
based on reasonable assumptions and currently available competitive, financial
and economic data, market conditions and operating plans, it can give no
assurance its expectations will be achieved. The Corporation cautions that, by
their nature, forward-looking statements, involve risks, and uncertainties and
that its actual actions, and/or results could differ materially from those
expressed or implied in such forward-looking statements, and that the
aforementioned risks, uncertainties and actions could affect the extent to
which a particular projection materializes. The Corporation assumes no
obligation to update the forward-looking statements should circumstances or
the Corporation's management's estimates or opinions change.
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