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NFI Announces Election of Directors, Including New Member, Kathy Winter, VP & GM of Automated Driving Solutions Division of Intel Corporation

CNW Group - Fri May 10, 11:00AM CDT

(TSX:NFI.TO) The Board of Directors (the "Board") of NFI Group Inc. ("NFI" or the "Company"), the leading bus and motor coach manufacturer and parts distributor in North America, is pleased to announce that Katherine (Kathy) Winter, the Vice President & General Manager, Automated Driving Solutions Division of Intel Corporation (Intel's global organization which delivers comprehensive platforms for Advanced Driver Assist Systems and Autonomous Driving solutions), was elected as a Director of the NFI Board at the Company's annual general meeting of shareholders (the "AGM") held in Toronto yesterday.

"We're thrilled to have Kathy join the NFI Board as her professional and educational background makes her a tremendous addition," said the Honourable Brian Tobin, Chairperson of the Board of NFI. "As the Company continues to grow and diversify its leading position in the North American bus and motor coach markets and as the future of mobility evolves, NFI will play a leading role in driving innovation. Kathy's Silicon Valley network and global experience in the world of autonomous driving, telematics, big data and disruptive technologies are critical skills that we specifically targeted to add to the Board."

"I am proud to join the NFI Board and I look forward to working with my fellow Directors and the management team of one of North America's leading bus companies," said Ms. Winter. "I'm excited to leverage my experience to help the Company advance its technology initiatives and generate value for its shareholders."

Prior to joining Intel, Ms. Winter was Vice President, Software & Services, Automated Driving for Delphi Electronics & Safety, where she led automated driving efforts, global new-growth strategies for embedded and aftermarket software products, and cloud-based automotive and consumer services.

Between 1984 and 2011, Ms. Winter held senior R&D and business positions at Motorola in cellular infrastructure, telematics, and mobile phones. Ms. Winter holds a Bachelor of Science in Industrial Engineering from University of Illinois, a Masters of Business Administration from The University of Chicago and attended Harvard's Board Governance Executive Program.

The Company is also pleased to announce that the other eight nominees listed in the management information circular dated March 23, 2019, were also elected as Directors of NFI. The detailed results of the vote for the election of directors held at the AGM are set out below.

Name of Nominee

      Votes For % For   Votes Withheld   % Withheld

    ---

        Phyllis Cochran                34,181,941  99.86            48,948          0.14

    ---

        Larry Edwards                  33,970,812  99.24           260,077          0.76

    ---

        Adam Gray                      25,569,634  74.70         8,661,255         25.30

    ---

        Krystyna Hoeg                  33,999,008  99.32
            231, 881         0.68

    ---

        John Marinucci                 34,166,905  99.81            63,984          0.19

    ---

        Paulo Cezar da
         Silva Nunes                   33,978,038  99.26           252,851          0.74

    ---

        Paul Soubry                    34,149,987  99.76            80,902          0.24

    ---

        The Honourable
         Brian Tobin                   33,937,149  99.14           293,740          0.86

    ---

        Katherine
         Winter                        33,938,697  99.15           292,192          0.85

    ---

Final voting results on all matters voted on at the AGM will be available at www.nfigroup.com and will be filed with the Canadian securities regulators and available on SEDAR at www.sedar.com.

About NFI Group Inc.With over 6,300 team members, operating from 31 facilities across Canada and the United States, NFI is North America's largest bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(®) (heavy-duty transit buses), ARBOC(®) (low-floor cutaway and medium-duty buses), MCI(®) (motor coaches), and NFI PartsTM (parts, support, and service). NFI buses incorporate the widest range of drive systems available including: clean diesel, natural gas, diesel-electric hybrid, and zero-emission electric (trolley, battery, and fuel cell) on proven bus platforms.

In total, NFI supports over 74,000 buses and coaches currently in service across North America. For the fiscal year ended December 30, 2018, NFI posted revenues of US $2.5 billion. Further information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com and www.arbocsv.com. The common shares of NFI are traded on the Toronto Stock Exchange under the symbol "NFI".

SOURCE NFI Group Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/10/c8358.html

SOURCE: NFI Group Inc.

Stephen King, Group Director, Corporate Development and Investor Relations, NFI Group
Inc., Ph: 204-224-6382, Stephen_King@newflyer.com

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