Current chair George Weber, soon-to-retire CEO Kevin Ford and longtime director Jo-Anne Poirier will all vacate their board seats to make way for new blood, the Ottawa-based tech company said. A special committee of three remaining board members will take advice from Plantro-selected advisor Stephen Halperin on what to do with “certain non-core assets” Calian has identified. Calian’s share price climbed about eight per cent after the announcement. (The Logic)
Talking point: Calian has its fingers in a vast array of tech-related industries as a supplier of both equipment and expertise, but defence brings in about half its revenue. Plantro has called for Calian to focus on that, while calling its less successful information technology and cybersecurity arm a “persistent distraction.” Ford said in an August earnings call that the segment was turning a corner and that cybersecurity is linked to defence, but Calian has been reviewing its plans. Plantro has been demanding changes at other public companies, too.