John Kim Retires as CFO of Cargojet

Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today that its Chief Financial Officer, John Kim, will retire at the end of May 31, 2021.

Although Mr. Kim has announced his retirement, he will continue to operate as a consultant to the Corporation with focus on Capital Markets and Investor Relations and to ensure a smooth transition. The Corporation named Mr. Sanjeev Maini, its current Vice President of Finance as the interim CFO while it conducts a formal search process. Mr. Maini has been with the company since inception and prior to being promoted as Vice President, Finance served as the Controller of the Corporation and is well equipped to support Cargojet’s ambitious growth strategy.

“We wish John the very best in his future endeavors and sincerely thank him for his many contributions during his tenure at Cargojet,” said Dr. Ajay Virmani, President and CEO of Cargojet. “John was instrumental in helping the Corporation navigate during its early years of growth and successfully delivered several projects”.

“I am fortunate to have been part of such a talented team, and want to thank the Board and the investment community for their support all through my tenure. Although I am retiring from my active role, I am committed to ensuring a smooth transition and will remain fully engaged on capital markets and investor relation areas during this process.” said John Kim.

Cargojet is working through a formal search process to identify a permanent replacement and expects to conclude it by the second quarter.