From: MacDonald, Dettwiler and Associates Ltd.
Posted: Friday, January 13, 2017
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that Daniel Friedmann, its former president and chief executive officer, has resigned from its Board of Directors effective today. Mr. Friedmann served as chief executive officer of MDA between 1995 and May 2016.
Robert Phillips, chairman of MDA’s Board said, “We all want to thank Dan for his contributions to the Board and MDA over these many years. We also want to acknowledge his assistance in managing a very smooth leadership transition with Howard Lance, our president and chief executive officer.”
Dan Friedmann said, “I will continue to be available to advise Howard, the Board and Company management going forward. I believe the Company is well positioned for continued success and prosperity and look forward to their future achievements.”
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 15 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”
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