Global Value Investment Corp. (GVIC), a value-oriented investment research and advisory firm located in Mequon, Wisconsin, has nominated four highly qualified, independent candidates for election to the board of directors of Bristow Group, Inc.
GVIC’s nominees are Sten Gustafson, Jonathan Meretsky, Anthony Gray, and Jeffrey Geygan.
Gustafson, who served as Era Group Inc.’s CEO from 2012 to 2014, and as a director at CHC Helicopter from 2017 to 2019, has a proven track record of driving earnings, achieving operational efficiencies, and deleveraging the balance sheet.
Meretsky has extensive experience structuring and negotiating complex financing for multi-national enterprises in the transportation and petroleum sectors.
Gray is a recognized leader in the fields of compliance and ethics, and was formerly the Global Compliance Officer at Sikorsky Aircraft Corporation.
Geygan is president and CEO of GVIC and specializes in financial analysis and operational turnaround situations.
“Bristow’s current directors have overseen a remarkable destruction of value,” said Geygan. “Improvements at Bristow are long overdue. We are confident that our nominees – who include Sten Gustafson, the former CEO of Era and a former director at CHC – possess the operational and strategic expertise to make substantial and immediate contributions toward improving Bristow for the benefit of all shareholders.”
GVIC is a long-term shareholder of Bristow. GVIC has made numerous attempts to engage with Bristow’s management and board of directors, but these requests have been ignored. Therefore, GVIC believes the most effective manner in which to bring about change and protect the interests of shareholders is through the replacement of incumbent directors.
