NFI Group surge after board reshaped with new appointments, chairperson

On Monday, NFI Group saw its shares climb by up to 6.7% following the revelation of a major shift in its leadership structure.

The company has added three new members to its Board of Directors, a decision that includes the appointment of Chan Galbato as the new Board Chair.

The independent directors, Galbato, Aziz Aghili, and Maryse Saint-Laurent, bring with them expertise in manufacturing, supply chain management, human resources, and capital markets.

This strategic move by NFI aims to strengthen the Board's capabilities in order to tackle industry-wide supply chain issues while also seizing unique opportunities in zero-emission transportation.

In addition to the new appointments, NFI Group also said that Wendy Kei will be stepping down from her position on the Company’s Board.