QUEBEC CITY, Feb. 13, 2013 /PRNewswire/ - EXFO Inc. (NASDAQ : EXFO ; TSX: EXF) announced today the appointment of Claude Seguin to its Board of Directors.
Mr. Seguin, who has an extensive track record of working as a senior executive in the private and public sector, is currently Senior Vice-President, Corporate Development and Strategic Investments at CGI Group Inc., a leading provider of information technology and business process services. In this role, Mr. Seguin is responsible for all merger and acquisition activities.
Prior to joining CGI in 2003, Mr. Seguin was President of CDP Capital - Private Equity, a unit of the Caisse de Depot et Placement du Quebec. From 1992 to 2000, he held the position of Executive Vice-President, Finance and Chief Financial Officer of Teleglobe Inc.
Mr. Seguin also had a successful career in the public service, culminating with the title of Deputy Minister of the Quebec Finance Ministry for five years. He sits on several boards including COM DEV International Ltd. (retiring), HEC Montreal and Centraide of Greater Montreal.
The appointment of Mr. Seguin raises the number of members on EXFO's Board of Directors to six, including five independent members.
"I am pleased to welcome Mr. Seguin to our Board, since he brings to the table very strong credentials in business, acquisitions, strategic development, vision of the global economy and software industry, along with financial expertise and business savvy acquired over the last 20 years with technology companies," said Germain Lamonde, EXFO's Chairman, President and CEO. "Mr. Seguin's strong background in corporate development, value creation and business integration should prove to be invaluable assets as we seek to expand our presence in the telecom industry and increase value for our shareholders."
"I am pleased to join the Board of a high-growth technology company like EXFO," Mr. Seguin said. "EXFO is about to write an exciting chapter in its history, as mobile broadband expands on an exponential basis, and I am happy to offer strategic insights culled from my baggage of experience."
Mr. Seguin holds a master's degree and Ph.D. in Public Administration from Syracuse University. He also earned a bachelor's degree in Business Administration from HEC Montreal.
Listed on the NASDAQ and TSX stock exchanges, EXFO is among the leading providers of next-generation test and service assurance solutions for wireline and wireless network operators and equipment manufacturers in the global telecommunications industry. The company offers innovative solutions for the development, installation, management and maintenance of converged, IP fixed and mobile networks—from the core to the edge. Key technologies supported include 3G, 4G/LTE, IMS, Ethernet, OTN, FTTx, VDSL2, ADSL2+ and various optical technologies accounting for more than 35% of the portable fiber-optic test market. EXFO has a staff of approximately 1700 people in 25 countries, supporting more than 2000 customers worldwide. For more information, visit www.EXFO.com.
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