EXFO Names Senior Business Executive to Board of Directors
QUEBEC CITY, Feb. 13, 2013 /PRNewswire/ – EXFO Inc. (NASDAQ: EXFO; TSX:
EXF) announced today the appointment of Claude Seguin to its Board of
Mr. Seguin, who has an extensive track record of working as a senior
executive in the private and public sector, is currently Senior
Vice-President, Corporate Development and Strategic Investments at CGI
Group Inc., a leading provider of information technology and business
process services. In this role, Mr. Seguin is responsible for all
merger and acquisition activities.
Prior to joining CGI in 2003, Mr. Seguin was President of CDP Capital -
Private Equity, a unit of the Caisse de Depot et Placement du Quebec.
From 1992 to 2000, he held the position of Executive Vice-President,
Finance and Chief Financial Officer of Teleglobe Inc.
Mr. Seguin also had a successful career in the public service,
culminating with the title of Deputy Minister of the Quebec Finance
Ministry for five years. He sits on several boards including COM DEV
International Ltd. (retiring), HEC Montreal and Centraide of Greater
The appointment of Mr. Seguin raises the number of members on EXFO’s
Board of Directors to six, including five independent members.
“I am pleased to welcome Mr. Seguin to our Board, since he brings to the
table very strong credentials in business, acquisitions, strategic
development, vision of the global economy and software industry, along
with financial expertise and business savvy acquired over the last 20
years with technology companies,” said Germain Lamonde, EXFO’s
Chairman, President and CEO. “Mr. Seguin’s strong background in
corporate development, value creation and business integration should
prove to be invaluable assets as we seek to expand our presence in the
telecom industry and increase value for our shareholders.”
“I am pleased to join the Board of a high-growth technology company like
EXFO,” Mr. Seguin said. “EXFO is about to write an exciting chapter in
its history, as mobile broadband expands on an exponential basis, and I
am happy to offer strategic insights culled from my baggage of
Mr. Seguin holds a master’s degree and Ph.D. in Public Administration
from Syracuse University. He also earned a bachelor’s degree in
Business Administration from HEC Montreal.
Listed on the NASDAQ and TSX stock exchanges, EXFO is among the leading
providers of next-generation test and service assurance solutions for
wireline and wireless network operators and equipment manufacturers in
the global telecommunications industry. The company offers innovative
solutions for the development, installation, management and maintenance
of converged, IP fixed and mobile networks–from the core to the edge.
Key technologies supported include 3G, 4G/LTE, IMS, Ethernet, OTN,
FTTx, VDSL2, ADSL2+ and various optical technologies accounting for
more than 35% of the portable fiber-optic test market. EXFO has a staff
of approximately 1700 people in 25 countries, supporting more than 2000
customers worldwide. For more information, visit www.EXFO.com.
SOURCE EXFO INC.