Maple Leaf Foods has recently revealed that leadership changes are in the works as John Lederer has announced he will not be standing of re-election to the Board of Directors at the company’s upcoming Annual Meeting of Shareholders (AGM).
"I have the highest regard for John's leadership and perspective," said Michael McCain, President and CEO. "He has played a pivotal role in providing insightful guidance and direction on critical business decisions, and I wish him well as he steps down from his role at Maple Leaf Foods."
The meat maven filed an amendment to its 2021 Management Information Circular to reflect Lederer’s recent decision to retire from the Board, according to a press release. The retirement of the leader will reduce the number of directors to be elected at the AGM from ten to nine. Lederer’s term will expire at the end of the meeting.
"John has been a key contributor to the Board of Directors since he was first elected in May 2016," said Geoff Beattie, Chairman of the Board. "My fellow directors and I are honored to have served with him and will miss his thoughtful approach around the boardroom table."
Shareholders will continue to be able to cast their votes on the matters being considered at the AGM using the proxies and voting information forms previously distributed.
However, any votes cast for Lederer’s election will be disregarded.
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