McInnis Cement: Changes to the Executive Team to Strengthen the Project’s Management and Complete its Construction

Port-Daniel–Gascons, August 2, 2016 – With the objective of strengthening the management of the cement plant project under way in Port-Daniel and completing its construction, McInnis Cement’s Board of Directors has announced the following changes to the company’s executive team:

• Christian Gagnon is no longer with McInnis Cement and an international recruitment process is under way to find a new President and Chief Executive Officer.
• Ronald Bougie is appointed, effective immediately, Executive Vice-President, Engineering, Construction and Operations. Mr. Bougie has renowned expertise in the construction of large industrial projects. In particular, he oversaw construction of the Stornoway site, a project in which Caisse de dépôt et de placement du Québec invested and that was completed ahead of schedule and under budget. Until a new President and Chief Executive Officer is appointed, Mr. Bougie will report directly to McInnis Cement’s Executive Committee. Mr. Bougie will have direct access to the Board of Directors to provide progress reports. The Board will closely monitor the final stages of the site’s construction.
• A new Executive Committee is put in place to take over the management of the company until a new President and Chief Executive Officer is appointed. It is composed of the following members: Louis Laporte (Chief of Operations), Ronald Bougie (Executive Vice-President, Engineering, Construction and Operations) and Marc Baillargeon (Management Advisor acting on behalf of la Caisse).

These changes constitute the first important step of a plan to ensure the success of this project.

About McInnis Cement – The New Cement Company

McInnis Cement is a privately-held company with corporate headquarters in Quebec, Canada, and United States headquarters in Stamford, CT. The company’s plant in Port-Daniel–Gascons, Canada is one of the largest industrial projects currently under construction in eastern North America and McInnis is the first cement company to build a new plant that will serve Eastern Canada and New England in more than 50 years. McInnis Cement is constructing a deep-water marine terminal, adjacent to the plant, with plans to open other terminals strategically located in the U.S. and Canada. This will allow products to be shipped quickly and efficiently to markets along the East Coast and the entire perimeter of the Atlantic Ocean.

As the newest entrant in the North American cement market, the company’s goal is to supply its customers with superior-quality products that are consistently produced and reliably distributed, based on sustainable development principles. The use of advanced technology will enable the McInnis cement plant to meet, if not exceed, the most stringent environmental standards, making its ecological footprint one of the smallest in the cement industry. More information is available at @ciment_mcinnis and mcinniscement.com/en.

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Source:

Maryse Tremblay

Director of Communications and Corporate Social Responsibility

McInnis Cement

418 391-7525