Defence contractor Calian Group Ltd. is making changes to its board of directors and looking to sell non-core assets following a co-operation agreement with Plantro Ltd., one of its largest shareholders.
Plantro principal Matthew Proud says the investment firm, which had sought changes at the company, is pleased that Calian’s board and management team have heard its concerns.
Proud says the steps the company is taking will help unlock value for Calian shareholders and allow management to focus on executing on the opportunity ahead.
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As part of the agreement with Plantro, Calian has formed a temporary committee of independent directors to help with the sale of non-core assets.
The board changes include the retirement of George Weber and Kevin Ford, while Jo-Anne Poirier will not stand for re-election at the company’s next annual meeting. Calian also says it’s searching for new directors to help it capitalize on what it sees as significant opportunities in defence and related sectors.
Last month, Calian announced chief executive Kevin Ford would retire at the end of this year. He will be succeeded by Patrick Houston, Calian’s chief financial officer and chief development officer, effective Jan. 1, 2026.
This report by The Canadian Press was first published Nov. 11, 2025.
