November 13, 2020
Amir Boloor, President of Caspian Equity Partners, Inc., has been appointed as Chair of the Company’s Board of Directors.
Amir Boloor, an independent director of the Company, is also Chair of the Company’s recently announced Special Committee, appointed to explore and evaluate a range of strategic alternatives available to the Company in order to enhance shareholder value.
Abe Schwartz, former Chair of the Board said, “I am delighted that Amir has accepted the appointment as Chair of the Board during a time where the Company is undertaking a strategic review process in order to ensure that all available alternatives to enhance value for our shareholders are being evaluated. Amir has earned the respect of his colleagues on the Board.” Mr. Schwartz, the largest shareholder of the Company, is continuing as an active member of the Board.
“Amir has an impressive track record in accelerating growth and creating shareholder value as an investor and capital markets leader,” said Brian Pedlar, President and CEO of Covalon. “We are delighted to have Amir assume the role of Chair.”
Amir Boloor, an independent director of the Company, is the President of Caspian Equity Partners, Inc., a Vancouver, British Columbia private investment firm he founded in 2012. He has specialized in helping entrepreneurs accelerate growth and optimize performance while propelling long-term profitability and value. Prior to founding Caspian Equity Partners, Inc., Mr. Boloor held various positions in the Mergers & Acquisitions and Diversified Investment Banking groups of TD Securities, Inc. where he advised Boards and executive teams of mid-market and large-cap companies on numerous strategic review mandates, initial public offerings, mergers, acquisitions, divestitures, corporate restructures, leveraged buyouts, and takeover defenses. Mr. Boloor has a Bachelor of Commerce with Honours Finance from the University of British Columbia. Mr. Boloor is a Chartered Financial Analyst from the CFA Institute.