NORWALK, CONNECTICUT, December 16, 2008 - EMCOR Group, Inc. (NYSE: EME) today announced the election of David H. Laidley to the Company's Board of Directors. Mr. Laidley's election to the Board increases the number of EMCOR Directors to nine, bringing the number of outside independent Directors to eight.
Mr. Laidley, 61, was, for six years before his retirement in 2007, the Chairman of Deloitte & Touche LLP (Canada), a professional services firm providing audit, tax, financial and advisory and consulting services. While serving as Chairman of Deloitte & Touche LLP (Canada), he was a member of the Global Board of Deloitte Touche Tohmatsu, a member of its Governance Committee and Chairman of its Audit & Finance Committee.
In June 2007, Mr. Laidley was appointed a director of the Bank of Canada.
Mr. Frank T. MacInnis, Chairman and Chief Executive Officer of EMCOR Group, Inc. commented, "We are pleased to welcome David Laidley to EMCOR's Board of Directors. David's extensive and distinguished business career will provide EMCOR's Board and senior management with an additional source of wise counsel as we operate and grow our business. In particular, we hope to benefit from David's experience as we develop our North American business strategy that includes our Canadian company's promising positions in the nuclear power, oil sands, and heavy industrial sectors. David is an ideal addition to our team, and I am confident that EMCOR will benefit from his guidance."
Born and educated in Montreal, Canada, Mr. Laidley joined Deloitte & Touche in 1967. He became a Chartered Accountant in 1970 and was admitted as a partner to Deloitte & Touche LLP (Canada) in 1975. With a broad background in the areas of tax and audit and assurance, Mr. Laidley has extensive experience in the areas of corporate reorganizations, acquisitions and divestures.
Mr. Laidley has authored many articles dealing with corporate and personal income tax matters. Additionally, he has lectured and made regular guest appearances on radio to discuss economic and business matters.
Currently, Mr. Laidley also is a member of the Board of Directors of Biovail Corp. and Aviva Canada, Inc., a Trustee of The Fraser Institute, the John Dobson Foundation, and Pearson College of the Pacific, a member of the Board of the Institute of Corporate Directors and past Chairman of its Governance Committee, and Chairman of the Advisory Board, Desautels Faculty of Management, McGill University.
EMCOR Group, Inc. is a Fortune 500® worldwide leader in mechanical and electrical construction services, energy infrastructure and facilities services. This press release and other press releases may be viewed at the Company's Web site at www.emcorgroup.com.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and its perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, backlog mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity and mix of business. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2007 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2008, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
CONTACT:
R. Kevin Matz
Executive Vice President, Shared Services
(203) 849-7938
FD
Investors: Eric Boyriven - 212-850-5600
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin - 212-575-4545
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