TORONTO, Jan. 6, 2021 /CNW Telbec/ - Aimia Inc. (TSX: AIM), an investment holding company, announces the resignation of Charles Frischer as its chairman and member of the board of directors, effective immediately, due to personal reasons. The Company has appointed David Rosenkrantz as Chairman of the Board, and will be seeking to add a new member to its Board. Aimia's CEO, Phil Mittleman commented, "We are very happy to have David transition into the role of Chairman. David has been a valuable member of the board since its reconstitution, and has a long track record of successful investing and corporate governance. We look forward to having him help lead Aimia into its next phase of growth as an investment vehicle."
Mr. Mittleman, added: "On behalf of the Board, we sincerely thank Charlie for his valuable service and contributions towards the company's transformation, and we wish him well in all of his future endeavors."
Mr. Frischer commented, "It's very satisfying to see how rapidly the company has transformed over such a short period of time. I am extremely proud to have been a part of this transformation, as a member of the board of directors that put in place a strong management team and set the company in the right direction. As a significant shareholder in Aimia, I am excited about the company's future, and I look forward to actively following the progress of the company while refocusing my attention on other commitments."
Aimia Inc. (TSX: AIM) is an investment holding company with a focus on long-term investments in public and private companies, on a global basis, through controlling or minority stakes.
The company operates an investment advisory business through its wholly-owned subsidiary Mittleman Investment Management, LLC, and owns a diversified portfolio of valuable investments including a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V. (PLM), owner and operator of Club Premier, the coalition loyalty program in Mexico that operates the Aeromexico Frequent Flyer program, a 49.3% equity stake in Kognitiv, a B2B technology and services company with a collaborative commerce technology platform, a 20.0% equity stake in BIGLIFE, the operator of BIG Loyalty, one of the largest loyalty programs across Asia, a 10.85% stake in Clear Media Limited (100.HK), one of the largest outdoor advertising firms in China, as well as a minority stake in JCDecaux (DEC.FP), the global leader in outdoor advertising.
For more information about Aimia, visit www.aimia.com.
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SOURCE Aimia Inc.
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