Maple Leaf, investment fund reach accord

by Jeff Gelski
Share This:

TORONTO — Gregory A. Boland, chief executive officer of West Face Capital, has been named to the board of directors of Maple Leaf Foods, Inc. as part of an agreement between the two entities. West Face Capital, a Toronto-based investment fund, owns about 11.4% of Maple Leaf Foods’ outstanding shares. Under the agreement, West Face Capital will withdraw its requisition for a special meeting to vote on five, non-binding advisory resolutions.

Mr. Boland also will serve on Maple Leaf Foods’ corporate governance and human resources and compensation committees.

“Mr. Boland’s appointment is part of an ongoing process to make changes in the composition and structure of our board that reflect significant changes in our shareholder base,” said James Hankinson, chair of the governance committee. “Mr. Boland brings both experience and perspective that will be an asset to the board as we continue to build sustained shareholder value.”

Maple Leaf Foods annual general meeting of shareholders will go on as planed April 28.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.








The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.