OTTAWA – Defence contractor Calian Group Ltd. is making changes to its board of directors and looking to sell non-core assets following a co-operation agreement with Plantro Ltd., one of its largest shareholders.

Plantro principal Matthew Proud says the investment firm, which had sought changes at the company, is pleased that Calian’s board and management team have heard its concerns.

Proud says the steps the company is taking will help unlock value for Calian shareholders and allow management to focus on executing on the opportunity ahead.

As part of the agreement with Plantro, Calian has formed a temporary committee of independent directors to help with the sale of non-core assets.

The board changes include the retirement of George Weber and Kevin Ford, while Jo-Anne Poirier will not

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