Philippe Rainville appointed President and CEO of Aeroports de Montreal, effective January 1, 2017

MONTRÉAL, QUÉBEC--(Marketwired - Nov. 24, 2016) - Normand Legault, Chair of the Board of Aéroports de Montréal, today announced the appointment of Philippe Rainville as President and Chief Executive Officer of Aéroports de Montréal, effective January 1, 2017. Rainville will succeed James C. Cherry, who will retire on December 31, 2016, after 15 years at the helm of the Corporation.

"Following an executive search process that saw the Board of Directors interview both internal and external candidates, I'm very pleased to announce that Philippe Rainville has been selected as ADM's CEO," Legault said. "Philippe's thirty years of experience, especially the last eight years with ADM, is extremely relevant and has prepared him well to become CEO. I'm confident that Philippe is the right person to lead ADM through the next phase of its development," he added.

"I'm very pleased to take on that challenge along with all ADM employees," said Rainville. Philippe Rainville holds a Bachelor of Commerce degree from McGill University and is a chartered professional accountant (CPA). He started his career as an auditor and financial analyst with an accounting firm, going on to hold similar positions at Provigo (Delixo) and Pepsi-Cola. He joined Molson Canada in 1991, where he held various roles of increasing responsibility. Upon his departure in 2004, he was Vice-President, Finance and Financial Planning, Quebec and Atlantic Regions. Beginning in 2004, he worked for various companies including Domcor Tarkett. First hired by Aéroports de Montréal in 2008 as Vice-President, Finance and Administration and Chief Financial Officer, he is currently its Vice-President, Planning, Engineering and Construction since 2014. In that capacity, he is responsible for the management and execution of ADM's capital projects.

About Aéroports de Montréal

Aéroports de Montréal is the local airport authority that has been responsible for the management, operation and development of Montréal-Trudeau and Montréal-Mirabel international airports since 1992. The Corporation employs 650 people at both airports and at head office. ADM has been ISO 14001 certified since 2000 and BOMA BEST certified since 2008.

For further information about Aéroports de Montréal and its operations, please visit our website at www.admtl.com.