H2O Innovation Inc. announced the resignation of one of its directors, Mr. René Vachon, and the appointment of Mr. Bertrand Lauzon as Board member. For the last three years, Mr. René Vachon has served as director of the Corporation and sat on different committees of the Board of Directors. Mr. Bertrand Lauzon was appointed as a member of the Corporation's Board of Directors and audit committee on July 1, 2022.

Mr. Lauzon currently holds the position of Executive Vice President of BFL Canada, which he joined in 2006 as Chief Financial Officer. As Executive Vice President, Mr. Lauzon advises management on complex financial transactions, merger and acquisition transactions, as well as tax matters. Mr. Lauzon is also a member of BFL Canada's Board of Directors, audit committee and governance committee.

Before joining BFL Canada, Mr. Lauzon was First Vice-President of Finance, Operations and Systems, as well as Chief Financial Officer for Desjardins Securities. Prior to that, he was First Vice-President of Finance and Information Technology, as well as Chief Financial Officer at the Caisse de dépôt et placement du Québec (CDPQ). Mr. Lauzon holds exceptional credentials in the financial sector, with more than 38 years of experience as a chartered professional accountant.