CALGARY, March 6, 2018 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the appointment of experienced financial services executive Larry Pollock to its Board of Directors.
Mr. Pollock was appointed as a Director and President and Chief Executive Officer of Canadian Western Bank (“CWB”) in 1990, where he had a distinguished 23-year career. During his time as CEO, CWB’s market capitalization grew from $16 million to $2.3 billion and its assets increased to $17 billion by the time of his retirement in 2013.
Mr. Pollock has extensive corporate governance experience. He is currently a trustee of Melcor REIT (TSX:MR.UN), and he has also served as the Chair of HNZ Group Inc. (TSX:HNZ) and a Director of Westjet Airlines Ltd. (TSX:WJA), EPCOR Utilities Inc. and Clark Builders.
“We are incredibly pleased to welcome Larry to Crown’s Board of Directors,” said Chris Johnson, President and CEO of Crown. “He is a highly accomplished executive with a deep understanding of the regulated financial services sector in Canada, including the lending business, and is a proven company-builder. Larry led CWB through a long period of growth, and his experience and insights will add tremendous value as we execute on our growth strategy.”
Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.
This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the alternative financial market and the general economy, transaction pipeline, Crown’s business plans and strategy, including anticipated capital deployments and the timing thereof, and Crown’s future cash flow and shareholder value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.