Looks like they want the price up. Another NR.
724 Solutions appoints Prichard to board
724 Solutions Inc SVN
Shares issued 35,402,426 Aug 28 close $56.00
Tue 29 Aug 2000
Mr. Greg Wolfond reports
The company has appointed J. Robert S. Prichard, professor of law and
president emeritus of the University of Toronto, to the company's board of
directors. Mr. Prichard's appointment fulfills 724 Solutions' commitment to
creating an independent board with a focus on corporate governance.
"The appointment of Professor Prichard is an important part of our strategy
to ensure that we have independent-minded board members who will each add a
strong voice and fresh perspective to our deliberations," said Greg
Wolfond, chief executive officer, 724 Solutions.
According to Mr. Wolfond, Professor Prichard was appointed because his
innumerable academic achievements, visionary leadership of one of North
America's top research universities and considerable experience as a
corporation director will enable him to provide invaluable insight in
guiding 724 Solutions as it executes on its business plan.
Professor Prichard currently serves as a professor of law and president
emeritus at the University of Toronto. He is also a visiting professor of
law at Harvard Law School. From 1990-2000, he was president of the
University of Toronto. As president, he served as a member of both the
executive committee of the Association of American Universities and the
board of directors of the Association of Universities and Colleges of
Canada. Prior to his tenure as president, he held the position of dean of
the university's faculty of law.
Mr. Prichard currently serves as director to a number of corporations
including Bank of Montreal, Onex Corporation, Four Seasons Hotels and
Biochem Pharma Inc. He is also a member of the advisory board of the World
Bank Institute, a national trustee of the NeuroScience Canada Foundation,
chair of the Advisory Council of the Centre for Comprehensive Research in
Childhood Cancer of the Pediatric Oncology Group of Ontario (POGO) and a
director of Historica. He was appointed an officer of the Order of Canada
in 1994.
Professor Prichard joins board members Lloyd Darlington, president and
chief executive officer, Emfisys, Bank of Montreal; James D. Dixon, group
executive, technology and operations, Bank of America; Heather Reisman,
founder and chief executive officer of Indigo Books, Music and More; Barry
J. Reiter, chairman of the technology group at Torys; Holger Kluge, a
former executive with CIBC; Martin A. Stein, president, Sonoma Mountain
Ventures L.L.C; Harri Vatanen, president, Sonera SmartTrust Ltd.; and Alan
Young, vice-president, access devices and distribution technologies,
e-Citi.
WARNING: The company relies on litigation protection for "forward-looking"
statements.
(c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com
Happy trading
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