Aecon Group Inc. Elects New Board Chair and Announces Annual Meeting Results

📅 1 days ago 🏷️ Aecon Group Inc.

Aecon Group Inc. held its Annual General Meeting, electing Scott Thon as the new independent Board Chair while recognizing John M. Beck as Chairman Emeritus. The meeting also included shareholder resolutions on executive compensation and the re-appointment of auditors.

On June 1, 2026, in Toronto, Ontario, Aecon Group Inc. (TSX: ARE) announced significant developments following its Annual General Meeting. The nominees detailed in the Management Information Circular dated April 29, 2026, were successfully elected as Directors of Aecon, with their terms set to continue until the next Annual General Meeting or until their successors are appointed.
Among the notable outcomes, Scott Thon was re-elected to the Board and appointed as the independent Board Chair. This transition follows the decision of John M. Beck not to seek re-election; however, the Board honored Beck by designating him Chairman Emeritus. In a statement, Scott Thon expressed gratitude on behalf of the Board and Aecon’s management, acknowledging Beck’s strategic guidance and substantial contributions over his illustrious career spanning more than 60 years.
During the meeting, shareholders also voted on several resolutions, all of which were adopted as proposed in the Management Information Circular. This included an advisory vote concerning the Corporation’s approach to executive compensation and the re-appointment of PricewaterhouseCoopers LLP as the auditors for the Corporation. The auditors will retain their position until the conclusion of the next Annual Meeting, with the Board authorized to determine their remuneration.
The voting results for the election of Directors were as follows: Scott Thon received 37,701,798 votes in favor, equating to 95.3% approval. Other nominees included Susan Wolburgh Jenah, who garnered 38,350,174 votes (97.0%), and Leslie Kass, who received 39,231,909 votes (99.2%). Jeffrey Lyash achieved 39,419,887 votes (99.7%), while Rod Phillips and Stuart Lee received 94.0% approval each. Notably, Jean-Louis Servranckx obtained 39,492,522 votes, representing a staggering 99.9% support.
In addition to director elections, the advisory vote on executive compensation saw a favorable outcome, with 36,532,421 votes (92.4%) in favor, while 3,011,098 votes were against. The re-appointment of auditors also received strong support, with 38,240,941 votes (96.0%) in favor, and only 1,590,898 votes withheld.
Furthermore, Aecon’s Board of Directors approved a quarterly dividend of 19.25 cents per common share, set to be distributed on July 3, 2026, to shareholders recorded by June 23, 2026. All dividends paid by Aecon are designated as “eligible” dividends under the Income Tax Act (Canada) and similar provincial legislation.
Aecon Group Inc. is recognized as a prominent North American construction and infrastructure development firm with extensive global experience. The company provides integrated solutions across various sectors, including Civil, Urban Transportation, Nuclear, Utility, and Industrial, while also offering project development, financing, management, and operations services through its Concessions segment.
The press release concludes with a note on forward-looking statements, highlighting that the information is based on currently available data and may be subject to risks and uncertainties, as detailed in Aecon’s Management’s Discussion and Analysis documents.
For further inquiries, Adam Borgatti, Senior Vice President of Corporate Development and Investor Relations, and Nicole Court, Vice President of Corporate Affairs & Communications, are available for contact via the provided phone numbers and email addresses.

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