News: Suppliers
17 March 2026
5N Plus announces changes to board
Specialty semiconductor and performance materials producer 5N Plus Inc (5N+) of Montréal, Québec, Canada has announced upcoming changes to its board of directors. Michael Hanley will be proposed for election as a new independent director at the annual meeting of shareholders on 7 May. Jean-Marie Bourassa, a board member since 2007, is not standing for re-election.
Hanley is “an accomplished leader who brings more than three decades of experience in manufacturing, natural resources and banking,” according to board chair Luc Bertrand. “His robust track record in financial management and corporate governance as well as his proven capacity to guide organizations through critical phases of growth make him an ideal candidate at a time when demand for the advanced materials 5N+ offers is only getting stronger,” he adds.
“I would like to sincerely thank Jean-Marie Bourassa for his many contributions to 5N+ since its founding, first as an advisor and then as a corporate director following our initial public offering,” comments Bertrand. “As chair of the Audit and Risk Management Committee, he brought deep experience and expertise, supporting the company for nearly two decades and through several pivotal moments in our evolution. We are deeply appreciative and indebted to Jean-Marie for his service, engagement and commitment, and for the role he played in bringing 5N+ to where it is today.”
Michael Hanley CPA is an experienced corporate director and executive leader with a track record in financial and operational roles across publicly listed companies in the manufacturing, natural resources and financial services industries. He has held the position of chief financial officer at St. Laurent Paperboard, Gaz Metro and Alcan, where he also ran its global $5bn bauxite mining and alumina refining business. He was also senior VP of operations and strategy initiatives at National Bank of Canada. Since 2012, he has helped to steward multiple companies as a corporate director, including BRP, iA Financial Group, Nuvei and EQ Bank. He currently sits on the boards of Cogeco, LyondellBasell and ExCellThera. Hanley holds a bachelor’s degree in Business Administration and Accounting from HEC Montréal.
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