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IBI Group Announces the Appointment of Stephen Taylor as Chief Financial Officer

February 3, 2014

TORONTO, Feb. 3, 2014 /CNW/ – IBI Group Inc. (the “Company”) (TSX: IBG)
is pleased to announce the appointment of Stephen Taylor as the new
Chief Financial Officer (CFO) of the Company effective the end of
March, 2014. Mr. Taylor is a Chartered Accountant with over 25 years of
international financial experience in all areas of corporate
management, including acquisitions of new businesses, operational
management, and investments.

“Stephen comes to IBI Group at a defining juncture in our development
and his broad-based experience will help shape the new direction of IBI
Group,” said Scott Stewart, CEO. “Stephen will provide critical
oversight to our efforts in maintaining financial reporting discipline,
and communicating with investors.”

Mr. Taylor was most recently the CFO of blueballoon Health Services
Inc., an Ontario-based private healthcare company. Before that, he was
the CFO of CryptoLogic Limited, a publicly traded multinational online
gaming software provider, for six years. Before CryptoLogic, Mr. Taylor
held a variety of roles in investment banking, corporate advisory,
operations, corporate development, and financial oversight. His
functional experience includes accounting, public company financial
reporting, acquisition due diligence, valuation, process management,
enterprise integration, and investor relations.

Tony Long, IBI Group’s outgoing CFO, is departing to pursue other
interests. During his tenure, Mr. Long was responsible for closing
multiple mergers and acquisitions for IBI Group, streamlining financial
reporting processes, and assisting in the development and
implementation of the Company’s Recovery Plan. Mr. Long will remain in
place as CFO until the end of March, 2014, as part of a transition
plan, after which Mr. Taylor will fully assume his new role.

Mr. Stewart praised Mr. Long’s contribution to IBI Group. “We are
extremely grateful for the hard work and dedication Tony demonstrated
over the last three years,” he said. “He made significant contributions
during a challenging time for IBI Group. Tony will be missed by his
colleagues and we wish him all the best in his future endeavors.”

About IBI Group Inc.

IBI Group Inc. is a TSX-listed Company and trades under the symbol
“IBG”. The Company is a global architecture, planning, engineering, and
technology firm with 2700 staff in more than 80 offices around the
world. We have organized our services into three streams -
Intelligence, Buildings, and Infrastructure – to ensure a holistic
approach to creating innovative, responsive, and intelligent solutions
for our clients in both the public and private sectors.

SOURCE IBI Group Inc.


Source: PR Newswire



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