Student Transportation expands Board of Directors
BARRIE, ON, Apr 15, 2010 (Canada NewsWire via COMTEX News Network) — Student Transportation Inc. (TSX: STB) today announced the appointment of a new, independent director, Grace M. Palombo, senior vice president of human resources for Canwest Global Communications Corporation, to the Company’s Board of Directors effective immediately.
Grace Palombo is currently the senior vice president, human resources for Canwest Global Communications Corporation. She has been in this role since 2004 and is responsible for and ensures that the Company’s workforce, compensation and human resource programs are aligned with Canwest’s business strategy and values. Ms. Palombo works with the Human Resources Committee of Canwest’s Board. Prior to joining Canwest, Ms. Palombo held various executive positions in the areas of Human Resources, Legal, and Corporate Communications with Husky, Canada
Life Financial Services, Westcoast Energy/Union Gas and Bombardier
Aerospace. Ms. Palombo has a law degree from Osgoode Hall Law School and has also practiced law in Toronto, in the areas of employment and labour. Grace currently serves on the Osgoode Hall Law School Alumni Board and in the past served on the Canadian College of Naturopathic Medicine Board of Governors.
“Given our historical growth, the time was right to enhance our Board with additional talent, expertise and diversity,” said Denis J. Gallagher, Chairman and Chief Executive Officer of Student Transportation. “I am delighted to have such an accomplished individual join us who has numerous affiliations with professional women organizations throughout Canada. We are fortunate to have Grace on our team and look forward to her contributions.”
About Student Transportation Inc.
Founded in 1997, Student Transportation Inc. is North America’s third-largest and
fastest-growing provider of school bus transportation services, operating more than 6,300 vehicles. Student Transportation Inc. family of local companies delivers safe, reliable and cost-effective transportation solutions to school districts throughout the U.S. and Canada. Services are delivered by drivers, dispatchers, maintenance technicians, terminal managers and others who are caring members of their local communities. For more information, please visit www.rideSTA.com.
This news release contains “forward-looking statements” within the meaning of applicable securities laws, which reflects the expectations of management regarding Student Transportation Inc. results of operations, expense levels, cost of capital, financial leverage, seasonality, cash flows, performance, liquidity, borrowing
availability, financial ratios, ability to execute the
Student Transportation Inc. growth strategy and cash distributions. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “track”, “targeted”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue” or similar expressions suggesting future outcomes or events. These forward looking statements reflect Student Transportation Inc. current expectations regarding anticipated future events, results, circumstances, performance or expectations, which are not historical facts. Forward looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not or the times at which or by the performance or results will be achieved. A number of factors could cause our actual
results to differ materially from the results discussed, expressed or implied in any forward-looking statement made by us or on our behalf, including, but not limited to the factors discussed under “Risk Factors” in our Annual Information Form. These forward looking statements are made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE: Student Transportation Inc.
SOURCE: Student Transportation of America ULC
INVESTOR CONTACTS: Student Transportation Inc., Denis J. Gallagher, Chairman and Chief Executive Officer; Patrick J. Walker, Executive Vice President and Chief Financial Officer; Keith P. Engelbert, Director of Investor Relations, (732) 280-4200, Email: ir@rideSTA.com, Website: www.rideSTA.com
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