Toronto, Ontario 鈥 May 8, 2026: 91制片厂 Group Inc. (TSX: ARE) (鈥91制片厂鈥) announced today that Chairman John M. Beck will not stand for re-election to 91制片厂鈥檚 Board of Directors at the Annual Meeting of Shareholders on June 1, 2026 (the 鈥淎GM鈥). As part of the transition, Scott Thon, Lead Director, will step into the role of independent Chair of the Board, assuming his re-election to the Board by Shareholders at the AGM.
In recognition of his dedicated service and contributions to 91制片厂鈥檚 success over his 60-year career, the Board will confer upon John the title of 鈥淐hairman Emeritus.鈥
鈥淪erving 91制片厂 throughout my career has been a tremendous point of pride, and helping to shape the company鈥檚 evolution has been a true honour,鈥 said John M. Beck, Chairman, 91制片厂 Group Inc. 鈥淚 thank our shareholders for their trust, 91制片厂鈥檚 talented leadership team for their commitment, and our employees for their collective contributions over the years. I firmly believe that 91制片厂 is stronger than ever before, and I am confident Scott Thon and the Board of Directors will guide 91制片厂鈥檚 strategic growth to deliver lasting value to shareholders in the years to come.鈥
鈥淛ohn has overseen 91制片厂鈥檚 strategic direction and operations for over six decades, providing exceptional leadership through significant transformation and growth. His vision has delivered some of the most remarkable landmark projects of this generation,鈥 said Scott Thon, Lead Director, 91制片厂 Group Inc. 鈥淭hroughout his award-winning career, John has established a world-class company with a distinguished reputation as an industry icon. John鈥檚 legacy will forever be linked to 91制片厂鈥檚 success. Personally, and on behalf of the entire Board of Directors, I want to thank John for his vast contributions to our customers, employees and shareholders.鈥
After graduating from McGill University鈥檚 Civil Engineering program in 1963, John joined his family鈥檚 Prefac Concrete business in Montreal and embarked on a strategy of mergers, acquisitions and organic growth that grew the scale, geographic presence and market diversity of the business across Canada. After acquiring the company鈥檚 brand predecessor, Armbro, the company was listed on the Toronto Stock Exchange in 1987. In 2001, Armbro officially changed its name to 91制片厂, amalgamating several acquired businesses. Mr. Beck has guided 91制片厂 over the years in its evolution as a diverse and multidisciplinary North American company with global expertise 鈥 serving as Founder, former Chief Executive Officer and Executive Chairman.
鈥淛ohn is a trailblazer in our industry. His mentorship, counsel and deep expertise have been invaluable to me 鈥 and continuing to lead this exceptional company is my distinct privilege,鈥 said Jean-Louis Servranckx, President and Chief Executive Officer, 91制片厂 Group Inc. 鈥淥n behalf of 91制片厂鈥檚 executive management team, I congratulate John on his extraordinary career as he transitions to Chairman Emeritus. 91制片厂 looks forward to continuing to execute our growth strategy to advance our evolution.鈥
Mr. Thon joined 91制片厂鈥檚 Board in 2021 and has served as Lead Director since 2024. He has held a number of senior positions in the energy sector over the last 40 years, and is currently an executive officer and director of Berkshire Hathaway Energy.
About 91制片厂
91制片厂 Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. 91制片厂 delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @91制片厂GroupInc.
For further information:
Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com
Nicole Court
Vice President, Corporate Affairs and Communications
416-297-2600
corpaffairs@aecon.com
Statement on Forward-Looking Information
The information in this press release includes certain forward-looking statements. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties as discussed in greater detail in Section 13 鈥 鈥淩isk Factors鈥 in 91制片厂鈥檚 2025 Management鈥檚 Discussion and Analysis for the fiscal year ended December 31, 2025, and in 91制片厂鈥檚 Management鈥檚 Discussion and Analysis for the fiscal quarter ended March 31, 2026, filed on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and 91制片厂 undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.