MDS Inc. Announces Appointment of James S.A. MacDonald as Chairman of Board of Directors
19 Novembre 2008 - 1:00PM
PR Newswire (US)
John T. Mayberry Decides to Step Down as Chairman TORONTO, Nov. 19
/PRNewswire-FirstCall/ -- MDS Inc. (TSX: MDS; NYSE: MDZ), a leading
provider of products and services to the global life-sciences
markets, today announced the appointment of James S.A. MacDonald as
Chairman of the Company's Board of Directors. Mr. MacDonald, whose
appointment is effective immediately, has been a member of the MDS
Board since July 2005. John T. Mayberry, who joined the MDS Board
in January 2004, and was appointed Chairman in October of that
year, has resigned from the Board, citing other business
obligations for his decision to step down. The Board has accepted
his resignation. "Jim MacDonald's deep financial expertise,
experience in capital markets and in-depth knowledge of our
businesses makes him the ideal choice to lead our Board at this
stage in our evolution," said Stephen P. DeFalco, President and
Chief Executive Officer of MDS Inc. "I would like to thank John
Mayberry for the tremendous contribution he has made to MDS. During
his tenure as Chairman, John was instrumental in overseeing the
transformation of MDS to a pure-play, global life-sciences company,
and championed continuous improvement in corporate governance." "As
an MDS shareholder and member of the Company's Board for the past
three-and-a-half years, I've had the opportunity to work closely
with MDS's leadership team to focus on driving growth, improving
operating performance and shaping the business portfolio," said Mr.
MacDonald. "As the new Chairman, I will continue the Board's
efforts to create long-term value for shareholders." Mr. MacDonald,
who is a member of the Board's Audit Committee, is Chairman and
Managing Partner of Enterprise Capital Management Inc. Prior to
1997, Mr. MacDonald was Deputy Chairman of Scotia McLeod Inc. He is
also a director of Cinram International Income Fund, Cymbria
Corporation, Manitoba Telecom Services Inc. and Superior Plus Inc.,
and non executive Chairman of Cormark Securities Inc. Mr. Mayberry
retired as Chairman and CEO of Dofasco Inc., a leading producer of
primary steel and finished steel products, in 2003. Leadership and
commitment to community are trademarks of Mr. Mayberry's life, for
which he received the Order of Canada in 2006. About MDS Inc. MDS
Inc. (TSX: MDS; NYSE: MDZ) is a global life-sciences company that
provides market-leading products and services that our customers
need for the development of drugs and diagnosis and treatment of
disease. We are a leading global provider of pharmaceutical
contract research, medical isotopes for molecular imaging,
radiotherapeutics, and analytical instruments. MDS has more than
5,500 highly skilled people in 29 countries. Find out more at
http://www.mdsinc.com/ or by calling 1-888-MDS-7222, 24 hours a
day. DATASOURCE: MDS Inc. CONTACT: Media: Janet Ko, (416) 213-4167,
; Investors: Kim Lee, (416) 213-4721,
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