Cogeco 2009 Annual Report Download - page 7

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6 COGECO CABLE INC. 2009 Message to shareholders
Cogeco Cable has a long track record of excellence, acquisitions and successful integrations. Recent fiscal years confirm
this record. Strangely, notwithstanding an impairment loss in our Portuguese investment, our stock price remains
undervalued, according to many. We believe that Cogeco Cable’s share price will reach a more representative value as a
result of our renewed strategy in Portugal, the economic recovery and the return of confidence to the markets.
As always, our growth is based on a fine blend of discipline, boldness and effective risk management. Capital markets are
showing encouraging signs of a more cautious and disciplined recovery. We can look to the future with optimism. Our
mission, “Powerful connections for our customers. Genuine connections with our customers”, defines our goal: customer
satisfaction. Our shared values such as respect, integrity, team work, innovation and commitment to the client within the
Corporation and all its subsidiaries guide our actions and approach. And while we remain open to the world, our first priority
is to serve our customers well, wherever they reside.
With this fiscal year-end, two of the directors are leaving our Board of Directors. Mrs. Josée Goulet joined Cogeco Cable in
2007 and has been member of the Human Resources Committee and of the Corporate Governance Committee. She has
earned our sincere appreciation for her contributions. Mrs Jacqueline L. Boutet, a director of both COGECO Inc., the parent
company, as well as Cogeco Cable, is retiring from the Board. She has been with Cogeco Cable since the Corporation took
its first step as a public company and deserves all of our heartfelt appreciation. At Cogeco Cable, she has served as a
member of the Audit Committee and the Corporate Governance Committee for several years, and at COGECO Inc., as a
member of the Audit Committee, the Corporate Governance Committee and the Human Resources Committee. Her
thoroughness, experience, and availability have been true assets to the Board’s deliberations and have helped us to better
understand, evaluate, and chart the Corporation’s strategic directions over the years. On behalf of the Board and the entire
Cogeco Cable team, we extend our sincerest gratitude to them.
Our fiscal 2009 results and our future successes spring from the dedication and commitment of all our employees and Board
members. Their day-to-day work, innovative ideas and enthusiasm command our recognition. Thanks to them, Cogeco
Cable is the company of choice for its customers.
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Louis Audet Jan Peeters
President and Chief Executive Officer Chairman of the Board