Cochilco expects short-term lithium prices to remain high
The battery energy storage system sector will continue to gain market share, with projected growth of 50-55% in 2026, it said.
TOROMONT ANNOUNCES ELECTION OF BOARD OF DIRECTORS
TORONTO, May 1, 2025 /CNW/ - Toromont Industries Ltd. (TSX: TIH) ("Toromont") is pleased to announce that on May 1, 2025, at its Annual General Meeting of Shareholders, all the nominees listed in its Management Information Circular dated February 28, 2025 were elected as Directors of Toromont. The detailed results of the vote are as follows:
Nominee | Total Votes For | Percentage of Votes in Favour | Total Votes Against | Percentage of Votes Against | Total Votes |
Peter J. Blake | 64,638,232 | 99.57 % | 279,272 | 0.43 % | 64,917,504 |
Benjamin D. Cherniavsky | 64,658,884 | 99.60 % | 258,620 | 0.40 % | 64,917,504 |
Cathryn E. Cranston | 62,675,208 | 96.55 % | 2,242,294 | 3.45 % | 64,917,502 |
Paramita Das | 64,222,179 | 98.93 % | 695,325 | 1.07 % | 64,917,504 |
Sharon L. Hodgson | 63,966,790 | 98.54 % | 950,714 | 1.46 % | 64,917,504 |
Ave G. Lethbridge | 64,228,519 | 98.94 % | 688,985 | 1.06 % | 64,917,504 |
Michael S.H. McMillan | 64,693,039 | 99.65 % | 224,465 | 0.35 % | 64,917,504 |
Frederick J. Mifflin | 63,678,316 | 98.09 % | 1,238,651 | 1.91 % | 64,916,967 |
Katherine A. Rethy | 63,322,509 | 97.54 % | 1,594,993 | 2.46 % | 64,917,502 |
Richard G. Roy | 63,857,513 | 98.37 % | 1,059,991 | 1.63 % | 64,917,504 |
About Toromont
Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business. CIMCO is one of North America's leading suppliers of thermal management solutions that enable customers to reduce energy consumption and emissions, use natural refrigerants and monitor and control their operating environments autonomously. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries Ltd. can be found at www.toromont.com.
For more information contact:
John M. DoolittleExecutive Vice President and Chief Financial OfficerToromont Industries Ltd.T: (416) 514-4790
SOURCE Toromont Industries Ltd.
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