HALIFAX, Jan. 6 /CNW/ – Mr. Richard McCoy, Chairman of Chorus Aviation Inc. ("Chorus") is pleased to announce the appointment of Mrs. Karen Cramm, FCA to the Board of Directors of Chorus effective January 1, 2011.
"For over thirty years, Mrs. Cramm has served as a senior advisor to financial institutions and to companies providing advice with respect to financial and corporate restructuring and investigative and forensic matters," stated Mr. McCoy. "We're very fortunate to bring this caliber of expertise to Chorus and I look forward to working with her."
"I've had the pleasure of working first hand with Karen and I've been impressed with her knowledge and professional candor – I'm very pleased to welcome her to Chorus," said Joseph Randell, President and Chief Executive Officer, Chorus.
Mrs. Karen Cramm, FCA, Biography
A Chartered Accountant, Mrs. Cramm holds master's degrees in business administration (MBA) and in public administration (MPA). In the Uniform Final Examination for the chartered accountancy designation, Mrs. Cramm placed on the honor roll of the Canadian Institute of Chartered Accountants, being one of the top twenty candidates in Canada.
Mrs. Cramm was a Partner of Deloitte & Touche ("Deloitte") for twenty-seven years retiring from the firm on August 31, 2009. While an active Partner of Deloitte, she practiced in the Financial Services Group with a focus on Reorganization Services and Forensic & Dispute Services and held two specialist designations: one in insolvency and restructuring (CA CIRP) and the other in investigative and forensic accounting (CA IFA). She was also licensed as a Trustee in Bankruptcy.
Mrs. Cramm has served as President of the Institute of Chartered Accountants of Nova Scotia and was elected as a Fellow of that Institute (FCA) on December 6, 1991 in recognition of distinguished service to the profession.
From September 1, 1993 to August 31, 1999, Mrs. Cramm served as the Managing Partner of the Deloitte Halifax Office. She was elected to the Canadian Deloitte Board of Directors for fourteen years and during that time she chaired and served on various committees of the Deloitte Board. Until recently, Mrs. Cramm chaired the Deloitte Foundation, a registered charity focusing on corporate responsibility and giving back to communities across Canada. She has also had extensive experience leading and serving on community-based, non-profit boards including Chair of the Boards of the Izaak Walton Killam Hospital and the Art Gallery of Nova Scotia and serving on the Boards and Executive of both Dalhousie University and Mount Saint Vincent University
About Chorus Aviation Inc. --------------------------
Chorus Aviation Inc. ("Chorus") was incorporated on September 27, 2010 and is a dividend-paying holding company which owns Jazz Aviation LP.
Chorus is traded on the Toronto Stock Exchange under the trading symbols of CHR.A, CHR.B and CHR.DB.
About Jazz Aviation LP ----------------------
Jazz Aviation LP ("Jazz") is wholly owned by Chorus Aviation Inc., and has a strong history in Canadian aviation with its roots going back to the 1930s. Since Jazz Air Income fund became publicly traded in February 2006, Jazz's predecessors have generated some of the strongest operational and financial results in the North American aviation industry.
Under a capacity purchase agreement with Air Canada, Jazz provides service to and from lower-density markets as well as higher-density markets at off-peak times throughout Canada and to and from certain destinations in the United States. Jazz currently operates scheduled passenger service on behalf of Air Canada with over 790 departures per weekday to over 85 destinations in Canada and in the United States with a fleet of Canadian-made Bombardier aircraft.
Jazz also operates Boeing 757-200 aircraft on behalf of Thomas Cook Canada for the winter seasons to various destinations in the Caribbean, Mexico and Central America from four Canadian gateways – Toronto, Ottawa, Montreal and Halifax.