Finning announces Board Chair succession and Board appointment
Finning International Inc. has announced that as part of ongoing board renewal Mr. Doug Whitehead will step down as Chairman of the Board at the Company's Annual General Meeting (AGM) on May 4, 2016. Mr. Whitehead, who has been Chairman of the Board since 2008 and a member of the Board since 1999, will remain on the Board of Directors, subject to his re-election to the Board at the AGM. Mr. Mike Wilson will succeed Mr. Whitehead as Chairman of the Board of Directors on May 4, 2016, also subject to his re-election to the Board. Mr. Wilson joined Finning's Board of Directors in January 2013 bringing decades of executive leadership experience, most recently as CEO of Agrium.
Finning is also pleased to announce the appointment of Stuart Levenick to the company's Board of Directors effective March 1, 2016.
Mr. Levenick brings a wealth of corporate executive experience gained over the course of his 37-year career at Caterpillar, which included 10 years as Group President prior to his retirement from the company. In his most recent role, Mr. Levenick's responsibilities included management of businesses spanning marketing, manufacturing operations, engineering, supply chain, procurement, human resources and data innovation. As Group President, Mr. Levenick also had overall leadership of customer and dealer support for Caterpillar. Mr. Levenick has a strong background in marketing and general management as well as broad global experience gained from assignments based in the United States, Canada, Russia, Asia Pacific and Japan.
Mr. Levenick graduated from the University of Illinois with a Bachelor of Science degree in Forestry and is a Sloan Fellow, with a Master of Science degree in management from the Massachusetts Institute of Technology.
"The Board of Directors of Finning is very pleased to have Stu join the Company's Board," said Chairman of the Board, Mr. Whitehead. "Stu has been a valuable partner to the Finning organization in his past role as Group President of Caterpillar."
"We look forward to leveraging his direct industry experience and knowledge to ensure Finning continues to deliver value for its customers while advancing its operational priorities," said Mr. Wilson.