NAPEC Inc.
TSX : NPC

NAPEC Inc.

January 28, 2015 12:56 ET

NAPEC Inc. Announces the Appointment of Luc Reny as Chairman of the Board of Directors

DRUMMONDVILLE, QUEBEC--(Marketwired - Jan. 28, 2015) - NAPEC Inc. ("NAPEC" or the "Corporation") (TSX:NPC) today announced the appointment of Luc Reny as Chairman of the Board of Directors (the "Board") of the Corporation. This appointment takes effect immediately.

A director of NAPEC since June 2010, Mr. Reny was chairman of the Human Resources and Compensation Committee at the time of his appointment. He is also a member of the Audit Committee.

Luc Reny has been with Power Corporation of Canada for more than 25 years and has been Vice-President of that company since May 2005. He has held similar responsibilities with Power Financial Corporation since November 2009. He had previously worked in the equity market and asset management departments of the Caisse de Dépôt et Placement du Québec from 1983 to 1989.

Mr. Reny has extensive experience as a corporate director and is currently a member of the boards of Square Victoria Communications Group Inc., Gesca Ltée, La Presse Ltée, as well as of a number of charitable organizations. He is a Chartered Financial Analyst (CFA) and holds a bachelor's degree in finance from Université Laval and an Executive MBA from Université de Sherbrooke.

"Luc Reny's contribution to the Board has been highly rewarding in recent years and as its Chairman, he will be in a position to contribute greatly to NAPEC's growth. He enjoys a solid reputation in the business and financial communities and his rigour and work ethic will foster continued sound governance. All the members of the Board and the management team join me in congratulating him on this appointment", said Jean Rochette, director and chairman of NAPEC's Governance and Nominating Committee.

FORWARD-LOOKING STATEMENTS

This document may contain forward-looking statements that reflect management's current expectations regarding future events. Forward-looking statements are based on a number of factors and include risks and uncertainties. Actual results may differ from forecast results. Management assumes no obligation beyond what is required under the law to update or revise forward-looking statements pursuant to new information or future events.

OVERVIEW OF THE CORPORATION

NAPEC is a corporation operating in the energy sector. The Corporation is a leading service provider to the public utility and heavy industrial markets mainly in Quebec, Ontario, and the eastern United States. NAPEC and its subsidiaries build and maintain electrical transmission and distribution grids, as well as networks for gas utilities. In addition, the Corporation installs gas-powered and electric-powered heavy equipment for utilities, industrial gas power plants, and petrochemical facilities in North America.

Further information regarding NAPEC is available in the SEDAR database (www.sedar.com) and on the Corporation's website at www.napec.ca.

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