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Head Office
The principal and head office of the corporation is located at 9 Fenmar Drive, Toronto, Ontario, Canada M9L 1L5.

The following diagram illustrates the current orginizational structure of General Donlee Canada Inc.

Overview
General Donlee is a diversified manufacturer of precision-machined products for the military, commercial and general aerospace industries and also specializes in manufacturing precision-machined products for the industrial products and power generation industries. Examples of some of the components supplied by General Donlee to the military and commercial sectors of the aerospace industry include components for turbine engines, military F-18 aircraft engine shafting and the unique mission-critical catapult barrels and assemblies used on aircraft carriers.  For the industrial products industry, General Donlee manufactures a broad range of gearing and power transmission products, including locomotive traction motor shafts, flight simulator motion control pistons and cylinders, various types of precision ground gears, landing gear components, splined shafts, couplings, racks and complete gear box assemblies.  Typical products manufactured for the power generation industry include nuclear reactor end fittings, flow elements and meters, fuel channel components, thermowells, shafts and shield plug assemblies.

Over the course of its forty seven year history, General Donlee has developed strong, long-term relationships with customers as a result of its reputation as a reliable supplier of consistently high-quality products.  General Donlee has also aligned itself with many of its original equipment manufacturer ("OEM") customers, to jointly develop and manufacture products.  General Donlee has a diversified revenue base, resulting from sales in Canada, the United States and Europe of over 275 products, to more than 100 companies.

 

Board of Directors and Management

Board of Directors

George Armoyan (1) (2) (a) (Chairman)
President, Geosam Capital Inc.

Michael Bregman (1) (a)
President and Chief Executive Officer, Tailwind Capital Inc.

Ken Laver (2) (a)
Corporate Director

Brian Luborsky (1) (a)
President and Chief Executive Officer, Premier Salons of Canada

David Wood (1) (2) (a)
Vice President Finance and Chief Financial Officer, Municipal Group of Companies

(1) Audit Committee
(2) Compensation and Corporate Governance Committee
(a) Director General of Donlee Canada Inc.

 

Senior Management

Garen Mikirditsian
President, Chief Executive Officer and Interim Chief Financial Officer, General Donlee Canada Inc.

Bruce Van Nus
Chief Operating Officer, General Donlee Canada Inc.

Dennis Lontok
Controller, General Donlee Limited

 

Executive Profiles

George Armoyan Chairman of the Board, Independent Director and Member of the Audit Committee and the Compensation and Corporate Governance Committee.
 
Mr. Armoyan is President of Geosam Capital Inc. Mr. Armoyan is an entrepreneur with extensive experience in mergers, acquisitions and capitalizing on turn-around opportunities. He has led a number of companies to solid business results over the last 20 years. Mr. Armoyan also serves on the Boards of Royal Host Inc. (TSX: RYL) and Holloway Lodging REIT (TSX: HLR.UN).

Michael Bregman Independent Director and Member of the Audit Committee.

Mr. Bregman is the President and Chief Executive Officer of Tailwind Capital Inc., a Company that invests in public companies. He earned an M.B.A. at Harvard Business School in 1977 after graduating with a B.S. Economics (Finance) from the Wharton School at the University of Pennsylvania in 1975. He founded mmmuffins inc. in 1979, a leading specialty bakery retailer. He acquired The Second Cup Ltd. in 1988 and served as its Chairman and Chief Executive Officer until its sale in 2002. Mr. Bregman serves on the board of directors of Clairvest Group Inc. He is an active leader in various community organizations including Mount Sinai Hospital, Rotman School of Business and United Jewish Appeal.

Ken Laver Independent Director and Chairman of the Compensation and Corporate Governance Committee.
 
Mr. Laver is a Corporate Director with a long and successful track record in the aerospace industry. Mr. Laver's past business responsibilities include: Vice President and General Manager of Boeing of Canada Ltd.'s Arnprior Division, President and Board Member of de Havilland Inc., President of Messier-Dowty, Group Vice-President of the Messier-Dowty Regional and Business Aircraft Business Unit, Chairman of the Boards of Messier-Dowty Singapore, Messier-Dowty Suzhou and SAFRAN's National Executive for Canada. Mr. Laver currently serves on the Boards of Interfast Inc. and 2Source Manufacturing Inc.

Brian Luborsky Independent Director and Member of the Audit Committee.

Mr. Luborsky is the President and Chief Executive Officer of Premier Salons, a private company he founded in 1984 that operates 900 salons and spas throughout Canada and the United States. Mr. Luborsky has more than 20 years' of business related experience. He earned a Bachelor of Commerce from the University of Toronto and received his Chartered Accountant designation in 1982 while working at Coopers & Lybrand.

David Wood Independent Director and Chairman of the Audit Committee and Member of the Compensation and Corporate Governance Committee.

Mr. Wood is the Vice-President Finance and Chief Financial Officer for the Municipal Group of Companies in Bedford, Nova Scotia. Prior to joining The Municipal Group in 1988, Mr. Wood worked for the Accounting Firm of Doane Raymond (Grant Thornton) in their New Glasgow and Halifax offices. Mr. Wood received a Bachelor of Business Administration degree with a major in accounting from Acadia University in 1984. Mr. Wood received his Certified Management Accountant designation in 1994.

Garen Mikirditsian is President, Chief Executive Officer and Interim Chief Financial Officer of General Donlee Canada Inc. Prior to joining General Donlee, he served as Vice President at the Toronto offices of Geosam Investments Limited, a private investment firm. From 2006 to 2009, Mr. Mikirditsian spent three years in the Mergers and Acquisitions group of a major Canadian investment bank where he was involved in a wide range of public and private M&A advisory mandates. He has previously worked as general manager at a Montreal-based luxury-goods manufacturing business. Mr. Mikirditsian is a graduate of Concordia University's John Molson School of Business where he received a Master of Business Administration degree. He holds a Bachelor of Engineering degree from the Mechanical Engineering Honours Program at McGill University.

Bruce Van Nus is Chief Operating Officer at General Donlee Canada Inc. Prior to joining General Donlee, Mr. Van Nus  served a Managing Director of Operations at S.A. Armstrong Ltd, a private company serving the HVAC industry world-wide. Other mandates include; President of Dassault Systemes Canada, Executive Director operations at GE Glegg water and Vice-President Operations –Q400 at Bombardier Aerospace. Mr. Van Nus is a graduate of Queen’s University where he received a Bachelor’s and Master’s Degree in mechanical Engineering.

Dennis Lontok joined General Donlee as Controller, Donlee Precision Division in December, 2005. He is responsible for finance and accounting, credit, accounts receivable, accounts payable and costing activities for the division. From 2002 to late in 2005 Dennis was accounting supervisor for Shaw Flex and before that he held finance positions with Moore Corporation and Sprint Canada. He earned his Certified Management Accountant degree from the Society of Management Accountants of Ontario in 1998 after receiving a Bachelor of Commerce degree in accounting from Concordia University.

 

Corporate Governance

The Directors consider good corporate governance to be central to the effective and efficient operation of General Donlee Canada Inc. (the "Corporation"). As a result of the structure of the Corporation, compliance with the Ontario Securities Commission’s (“OSC”) recommendations is best addressed by the Directors of the Corporation together with the Board of Directors of the Company. The Corporation holds the securities of General Donlee Ltd. (the "Company"). The Corporation does not conduct any active business and the role of the Directors of the Corporation, is primarily to vote on behalf of and represent the Corporation as a shareholder and noteholder of the Company, hold title to the assets of the Corporation, declare dividends from the Corporation to the Shareholders and provide certain reports to the Shareholders. The business of the Company is supervised by its Board of Directors, directly and through its committees. Presently all of the Directors are considered “independent” as that term is used in National Instrument 58-101. All Committees of the Board of Directors are comprised of independent members. The Board continues to monitor regulatory developments. The Corporation has set out the required disclosure of Corporate Governance Practices in its Management Proxy Circular for the Annual General Meeting that was held on May 13, 2011.