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 temporary 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 standing for re-election at the next annual meeting [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] Non-Core Asset Divestitures - Calian has identified certain non-core assets for disposition 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 committee of independent directors, along with customary standstill and non-disparagement provisions effective until November 1, 2026 [6]