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MARKHAM, Ontario, Nov 22, 2005 (BUSINESS WIRE) -- ATI (TSX:ATY)(NASDAQ:ATYT) announced today that its
Chairman, K.Y. Ho, has retired as a director and officer of the
Company. Mr. Ho was a founder of ATI in 1985 and also served as the
Company's Chief Executive Officer until June 1, 2004. Mr. Ho stated,
"ATI has been more than a major part of my career, it has been a part
my life that I will always treasure. With the OSC matter now resolved
completely in my favour, I have decided to spend more time with
family and pursue my personal interests. I leave ATI with confidence
that under the continued leadership of our CEO David Orton, ATI will
successfully continue its track record as the leading graphics
company in the world."
The Company also announced that David Orton will be nominated for
election as a director of ATI at the Annual Meeting of Shareholders
which has been scheduled for January 26, 2006 in Toronto. Also being
nominated are James Fleck, Alan Horn, John Caldwell, Paul Russo,
Ronald Chwang and Robert Young, all of whom currently are directors
of ATI. Mr. Fleck, who is an independent director and has been
serving as the Company's lead director, has been elected by the Board
as ATI's new non-executive Chair of the Board.
"ATI will be forever indebted to K.Y. for his founding role with
the Company and his vision and leadership in building this remarkable
Company over the past 20 years," stated Mr. Fleck. "The addition of
Dave Orton to the Board provides a logical and welcome succession for
K.Y.'s departure." Mr. Fleck also added that, "K.Y. will be missed by
all at ATI but we are comforted that he will continue to be available
to provide his counsel to us as the need arises."
Source: ATI Press Release
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