IBI announces the retirement of Director Alan Marchment

TORONTO, Oct. 10, 2014 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG) announced today that Alan R. Marchment has retired from the Company's board of directors (the "Board") to pursue other personal and professional commitments, effective immediately. Mr. Marchment had previously indicated a desire to retire from the Board following the achievement of the recently announced milestones in our recapitalization plan. The Company would like to thank Mr. Marchment for his significant contributions and wishes him the best in his future endeavours.

The Board of directors will, in accordance with past practice, establish a director search committee to find additional qualified independent directors. Dale Richmond will rejoin the Audit Committee and Lorraine Bell will replace Mr. Marchment as Chair.

About IBI Group Inc.:

The Company is a TSX listed corporation and its common shares trade under the symbol "IBG".

IBI Group is a globally integrated architecture, planning, engineering, and technology firm with professionals around the world. For more than 40 years, our dedicated professionals have helped clients create livable, sustainable, and advanced urban environments. We are one of the largest architecture firms in the world.

From high-rises to industrial buildings, schools to state-of-the-art hospitals, transit stations to highways, airports to toll systems, bike lanes to parks, we design every aspect of a truly integrated city for people to live, work, and play.

We organize our expertise into three areas:

1. Intelligence: systems designer, software development.
2. Buildings: building architecture, building engineering (mechanical, structural, electrical).
3. Infrastructure: planning, urban design, landscape architecture, transportation, and engineering.

Our collaborative and combined approach focuses not only on creating the best solutions today, but also creating the right solutions for tomorrow.

We believe cities must be designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch.

At IBI, we're defining the cities of tomorrow.

SOURCE: IBI Group Inc.