Calian Group Announces Governance Changes to Support Strategic Operations Following Agreement with Plantro Ltd.

Core Insights - Calian Group Ltd. is accelerating its board renewal process and has formed a special committee to oversee actions related to non-core assets, following a cooperation agreement with Plantro Ltd., a significant shareholder [1][6] Board Renewal Process - The board renewal process includes the retirement of George Weber and Kevin Ford, with Jo-Anne Poirier also not seeking re-election [3] - New board members Lisa Greatrix, Josh Blair, and Eric Demirian were added earlier this year, and incoming CEO Patrick Houston will join the board on January 1, 2026 [4] Focus on Non-Core Assets - Calian has identified certain non-core assets for divestiture as part of a portfolio review, and a temporary committee of independent directors has been formed to oversee these initiatives [5] - The committee includes Josh Blair, Eric Demirian, and Val Sorbie, with Stephen Halperin acting as a special advisor [5] Cooperation Agreement with Plantro - The cooperation agreement with Plantro includes commitments to accelerate board renewal and establish the independent committee, along with standstill and non-disparagement provisions effective until November 1, 2026 [6] - This agreement reflects Calian's commitment to constructive engagement with shareholders [6] Strategic Opportunities - The board and management team are focused on executing a refined strategy to capitalize on significant opportunities in the defense and related sectors, driven by anticipated increases in defense spending [2]