Doug Colbeth Retires as Kinaxis’ Board Chair and Kinaxis Appoints Ian Giffen as Board Chair
Kinaxis Inc. (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced that Douglas Colbeth has resigned as a Director and Chair of the Board effective immediately for personal reasons. Kinaxis further announces that Independent Lead Director Ian Giffen has been appointed as Chair of the Board. To support continuity, Ron Matricaria, a Board member since 2014, has agreed to extend his service and stand for re-election at the Company’s Annual General Meeting on June 15, 2018. The Company and the Board wish to thank Doug for his past contributions, first as CEO and then as Chair, in building Kinaxis from a small private company to the high-growth, highly profitable public company that it is today. We wish Doug all the very best in his future endeavours.
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to Kinaxis' growth opportunities and the potential benefits of, and demand for, Kinaxis’ products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis' products and services compared to competitive offerings in the industry. Readers are cautioned not to place undue reliance on such statements. Kinaxis' actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.