Black Diamond logo

BDI - Black Diamond News Story

C$3.96 0.1  2.6%

Last Trade - 05/05/21

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £131.7m
Enterprise Value £253.9m
Revenue £105.2m
Position in Universe 625th / 2705

Black Diamond Group Announces Additions to Board of Directors

Thu 4th March, 2021 11:30pm
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210304:nGNX4pxhKV&default-theme=true


CALGARY, Alberta, March 04, 2021 (GLOBE NEWSWIRE) -- Black Diamond Group
Limited (“Black Diamond", the "Company" or "we"), (TSX:BDI), a leading
provider of space rental and workforce accommodation solutions, is pleased to
announce the appointment of Leilani Latimer and Brian Hedges to its Board of
Directors, effective March 4, 2021. David Olsson, who joined Black Diamond’s
Board of Directors in January 2014 will not be standing for re-election at the
Company’s upcoming Annual and Special Shareholder Meeting.

“We would like to thank Mr. Olsson for his contribution to Black Diamond
over the last seven years. His experience and understanding of regional and
international financial markets as well as his experience building links
between business, government and industry bodies across Australia has been
invaluable to our team,” said Trevor Haynes, Chairman & CEO of Black Diamond
Group Limited. “We are pleased to welcome Ms. Latimer and Mr. Hedges to the
Board. Ms. Latimer’s deep knowledge of the travel industry combined with her
track record of successfully scaling B2B technology platforms will be valuable
as we continue to scale our LodgeLink platform. Mr. Hedges is a deeply
knowledgeable and experienced public company leader who helped steward and
transform Russel Metals into a highly successful entity. His business acumen
and expertise within the industrials space will be valuable as we continue to
grow Black Diamond through both organic and inorganic means.”

Mr. Hedges is an experienced executive with a strong track record. He served
as President and CEO of Russel Metals (RUS:TSX) from 2009 until his retirement
in 2019. He remains on the Board of Directors of Russel. Prior to being
appointed as the President and CEO of Russel, Mr. Hedges was the Executive
Vice President and COO from 2008 to 2009. Prior thereto, he was the Executive
Vice President and CFO from 1994 to 2007. Mr. Hedges’ long tenure at Russel
saw him spearhead an evolution of the company, where Russel successfully
integrated 32 acquisitions, improved asset management and returns, re-started,
and significantly grew the common share dividend payments. Mr. Hedges received
an Honors Commerce Degree at Carleton University in Ottawa and is a Chartered
Accountant. He resides in Toronto, Ontario.

Ms. Latimer has a track record of growing B2B, SaaS and enterprise software
companies with extensive experience in the travel technology sector. During a
25 year career with Sabre Inc., the world’s largest technology and services
provider for the travel industry, Ms. Latimer held leadership positions
throughout the organization that extended across the full commercial
continuum. Ms. Latimer also led Sabre’s enterprise Sustainability strategy,
reporting directly to the CEO, where she launched the travel industry’s
first Green Hotels program. Recently, she has served in a leadership capacity
with cloud based and SaaS technology companies in the medical and
life-sciences sectors. Ms. Latimer is currently the interim Chief Commercial &
Marketing Officer at Fair Trade USA, a global certification organization that
drives supply chain transparency and sustainable development. Ms. Latimer
holds a BA from UC San Diego, a certificate in Management for International
Executives from UC Riverside, and a certificate in Sustainable Management from
Presidio Graduate School. She resides in San Francisco, California.

About Black Diamond Group
Black Diamond is a specialty rentals and industrial services Company with two
operating business units - Modular Space Solutions (MSS) and Workforce
Solutions (WFS). We operate in Canada, the United States, and Australia. MSS
through its principal brands, BOXX Modular, Britco, Vanguard, Schiavi, and
MPA, owns a large rental fleet of modular buildings of various types and
sizes. Its network of local branches rent, sell, service, and provide
ancillary products and services to a diverse customer base in the
construction, industrial, education, financial, and government sectors. WFS
through its principal brands, Black Diamond Camps and Black Diamond Energy
Services, owns a large rental fleet of modular accommodation assets of all
types and sizes and a fleet of liquid and solid containment assets. Its
regional operating terminals rent, sell, service, and provide ancillary
products and services including turn-key operated camps to a wide array of
customers in the resource, infrastructure, construction, disaster recovery,
and education sectors. The WFS business unit also includes the Company’s
wholly owned subsidiary, LodgeLink, which operates a digital marketplace for
business-to-business crew accommodation, travel, and logistics in North
America.

Learn more at www.blackdiamondgroup.com.

Investor and Media Inquiries
Jason Zhang at 403-206-4739 or investor@blackdiamondgroup.com

To sign up for news alerts please go
to https://www.blackdiamondgroup.com/investor-centre/news-alerts-subscription/.

Cautionary Note Regarding Forward-Looking Statements 
Certain information set forth in this news release contains forward-looking
statements. Although Black Diamond believes that the expectations reflected in
the forward-looking statements contained in this news release, and the
assumptions on which such forward-looking statements are made are reasonable,
there can be no assurances that such expectations or assumptions will prove to
be correct. Readers are cautioned that assumptions used in the preparation of
such statements may prove to be incorrect. Events or circumstances may cause
actual results to differ materially from those predicted, as a result of
numerous known and unknown risks, uncertainties and other factors, many of
which are beyond the control of Black Diamond. These risks include, but are
not limited to: the impact of general economic conditions, industry
conditions, fluctuation of commodity prices, the impact of the COVID-19
pandemic, the Company's ability to attract new customers, failure of
counterparties to perform on contracts, industry competition, availability of
qualified personnel and management, timely and cost effective access to
sufficient capital from internal and external sources, political conditions,
dependence on suppliers and stock market volatility. The risks outlined above
should not be construed as exhaustive. Additional information on these and
other factors that could affect Black Diamond's operations and financial
results are included in Black Diamond's annual information form for the year
ended December 31, 2020 and other reports on file with the Canadian Securities
Regulatory Authorities which can be accessed on SEDAR. Readers are cautioned
not to place undue reliance on these forward-looking statements. Furthermore,
the forward-looking statements contained in this news release are made as at
the date of this news release and Black Diamond does not undertake any
obligation to update or revise any of the forward-looking statements, except
as may be required by applicable securities laws.


(https://www.globenewswire.com/NewsRoom/AttachmentNg/659a5e3f-2817-453a-a50e-9b13d6d1bfdc)



GlobeNewswire, Inc. 2021
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.