NANAIMO, BC, Jan. 4, 2022 /CNW/ - Atlas Engineered Products
("AEP" or the "Company") (TSXV: AEP) (OTC Markets: APEUF) is
pleased to announce that Melissa
MacRae has been promoted from Interim Chief Financial
Officer to Chief Financial Officer ("CFO") and Gurmit Dhaliwal has been promoted from Vice
President of Operations to Chief Operating Officer ("COO").
Mrs. MacRae is a Chartered Professional Accountant who has been
with AEP for almost 10 years. Her path within the company began as
the in-house accountant, when AEP was a private entity, and since
then she has honed her skills in strategy and financial leadership.
These qualities have led to her consistent promotion to the
positions of Group Controller, Director of Finance, Interim CFO,
and now CFO (all within the public entity). Mrs. MacRae seamlessly
blends her significant knowledge base of the industry with her
accounting background which has proven invaluable for the past
decade.
Ms. Dhaliwal has been with AEP for almost 20 years and has been
instrumental in driving the growth of the company from a small
private entity to a public company with a national footprint. She
has proven herself to be a steadfast leader with strong business
acumen and has a track record of making strategic and profitable
decisions. These strong leadership and operational skills have
resulted in her promotions from Operations Manager, at AEP's
flagship location in Nanaimo, to
Vice President of Operations, and now to COO. Ms. Dhaliwal is a
results-oriented leader who has helped AEP achieve increased
revenues, profitability, and productivity while developing and
supporting the operational teams.
"I am very pleased to announce the promotions for Gurmit and
Melissa. They have been an integral part of the AEP team and the
results that AEP has been producing," said Hadi Abassi, CEO,
President and Founder. "I feel confident AEP can tackle any
obstacle the future may bring with the executive team we have in
place now."
Grant of Options
AEP announces that the Company has granted a total of 425,000
incentive stock options to its executives and senior managers in
accordance with the Company's stock option plan. Each option
is exercisable into one common share of the Company at a price of
$0.60 per share, being the closing
price of the Company's common shares on the TSX Venture Exchange on
December 31, 2021. The options
will vest and become exercisable in equal 1/3 tranches every 6
months over a period of 18 months from the grant date and will
expire on January 4, 2027.
About Atlas Engineered Products Ltd.
AEP is a growth company that is acquiring and operating
profitable, well-established operations in Canada's truss and engineered products
industry. We have a well-defined and disciplined acquisition and
operating growth strategy enabling us to scale aggressively and
apply new technologies, giving us a unique opportunity to
consolidate a fragmented industry of independent operators.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Atlas Engineered Products Ltd.