Kinaxis Announces Board Transitions and Management Update

• Lynn Loewen appointed to board of directors as part of director transitions
• Robert Courteau named interim chief executive officer

Kinaxis® Inc. (“Kinaxis ” or the “Company ”) (TSX: KXS), a global leader in end-to-end supply chain orchestration, has, effective January 1, appointed Lynn Loewen to the Company’s Board of Directors and member of the Audit Committee. Due to current commitments, Betsy Rafael will not be seeking re-election to the Board at the 2025 annual general meeting.  

“I’m pleased to add an exceptionally qualified Director in Lynn, who will ensure we maintain the strength of the audit oversight function, while bolstering the Board in a number of ways,” said Robert (Bob) Courteau, chair and interim chief executive officer. “Betsy has been an exceptional board member and we fully respect that she has several other professional and personal commitments that are taking her time. We appreciate her significant efforts and contributions and wish her the very best.”  

Ms. Loewen is an accomplished business leader who has held several leadership positions, including at Bell Canada and Air Canada Jazz, as well as multiple directorship roles. She most recently was the President of Minogue Medical, where she also served as COO. Previously, Ms. Loewen served as president of Expertech Network Installation, vice president finance operations, vice president financial controls at Bell Canada, and vice president, Corporate Services and chief financial officer at Air Canada Jazz. She currently serves as a Director on the boards of the National Bank of Canada, where she is Audit Committee Chair, and Emera Inc., where she is a member of the Audit Committee. Ms. Loewen is the current Chancellor of Mount Allison University. She is a Fellow of the Chartered Professional Accountants and has received the Directors designation from the Institute of Corporate Directors. Ms. Loewen holds a Bachelor of Commerce from Mount Allison University.  

As previously announced, after 30 years with Kinaxis, John Sicard has transitioned from CEO to a consultancy role effective January 1, 2025, and as such has stepped back from his board role. Courteau has stepped in as interim CEO and chair while the thorough search for Kinaxis’ next CEO continues apace. Sicard’s vacant board seat will be filled by the next permanent chief executive officer of the company.  

“Much of the credit for Kinaxis being a leader in the supply chain orchestration space goes to John,” saidCourteau. “Our work together over the last several months has confirmed his commitment to the company and I am thrilled that John will be with us as a key advisor throughout as we work to scale the company in 2025. With John as advisor, Mark Morgan, our new president of Commercial Operations, and the full management team, we will continue to collaborate and ensure a smooth transition as I take on the interim CEO title. This group will provide continuity while we secure a new CEO who will guide us into the next stage of growth and beyond.”  

About Kinaxis  

Kinaxis is a global leader in modern supply chain orchestration, powering complex global supply chains and supporting the people who manage them, in service of humanity. Our powerful, AI-infused supply chain orchestration platform, Maestro™ combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain — from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption. For more news and information, please visit kinaxis.com or follow us on LinkedIn.  

Cautionary Note and Forward-Looking Information  

This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Kinaxis and reflects management’s expectations or beliefs regarding such future events. In certain cases, statements that contain forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur” or “be achieved” or the negative of these words or comparable terminology. Forward looking information in this press release includes statements with respect to the Company’s anticipated permanent CEO and growth plans. By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of Kinaxis to be materially different from any anticipated performance expressed or implied by such forward-looking information.  

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 25, 2024 for its fiscal year ended December 31, 2023 and other risks identified in the Company’s filings with Canadian securities regulators, which filings are available on SEDAR+ at https://www.sedarplus.ca.  

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.  

Source: Kinaxis Inc.  

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