MDA Space Ltd. announced the appointment of Karl Smith to the company's board of directors. Karl Smith immediately joins the Audit Committee of the Board and is expected to assume the role of Audit Committee Chair following the next board meeting in August 2024. Mr. Smith's appointment increases the size of the MDA Space Board to nine directors, in accordance with the company's by-laws.

Over a career that spanned more than 30 years, Mr. Smith held a variety of executive roles within the Fortis Group, including as President and CEO of FortisAlberta, and President and CEO of Newfoundland Power. As Executive Vice President and Chief Financial Officer of Fortis Inc., as part of the company's growth strategy Mr. Smith helped to secure its NYSE listing and was actively involved in and led the financial strategy for a number of significant acquisitions. Mr. Smith began his career with five years at Deloitte as a Chartered Public Accountant.

Mr. Smith currently serves as Board Chair at Raleigh Solar Tech and as a member of the Board at CSA (formerly the Canadian Standards Association.) He also sits on the Board of the Genesis Centre in St John's, Newfoundland where he Chairs the Audit and Risk Committee, and is Co-Chair of the St. John's 2025 Summer Games. Mr. Smith earned a Bachelor of Commerce (Honours) from Memorial University of Newfoundland.