Aimia board appoints new president

Aimia Inc. (TSX: AIM) has announced its board of directors has appointed 25-year investment industry veteran Michael Lehmann as the president of Aimia, Inc., the company said.

Lehmann will remain on the board pursuant to his election at the recent annual meeting of the shareholders of Aimia Inc., and will report to Chief Executive Officer Phil Mittleman.

Lehmann was a partner and portfolio manager at Third Avenue Management, LLC for over 18 years as an SEC-registered Investment Advisor. At Third Avenue, his responsibilities grew to include co-manager of the Third Avenue Value Fund (TAVFX) — Third Avenue´s flagship investment product — and Lead Manager of Third Avenue Separate Account business.

Aimia Inc. (TSX: AIM) is an investment holding company with a focus on long-term investments in public and private companies, on a global basis, through controlling or minority stakes.

The company operates an investment advisory business through its wholly-owned subsidiary Mittleman Brothers Inc., and owns a diversified portfolio of valuable investments including a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V (PLM), owner and operator of Club Premier, the leading coalition program in Mexico, a 49% equity stake in Kognitiv, a transformative leader in loyalty, a 20% equity stake in travel technology company BIGLIFE, the operator of BIG Loyalty.