MONCTON, N.B., Nov. 26,
2014 /CNW/ - Imvescor Restaurant Group Inc. (the "Company")
(TSX: IRG) announced today the appointment of Michael Forsayeth, Patrick H. Sugrue and Pierre A. Raymond to the Board of Directors
(the "Board") of the Company, effective immediately.
Mr. Forsayeth and Mr. Raymond have also been appointed,
respectively, to the Audit and Risk Committee and to the Corporate
Governance, Human Resources and Compensation Committee of the
Board.
"We are very excited about Michael, Patrick and Pierre joining
the Board" said Francois-Xavier Seigneur, the Chairman of the
Corporate Governance, Human Resources and Compensation Committee.
"Together, the new directors offer a compelling combination of
business knowledge, leadership and operational insight, as well as
significant financial reporting, legal and transactional expertise.
Their presence and advice will be of great benefit to our
management team", added Frank
Hennessey, the President and Chief Executive Officer of the
Company.
The Company also announced today that David Head had resigned from the Board due to
the growing demands of his position as President and Chief
Executive Officer of Primanti Brothers Restaurants. Mr. Head, who
had joined the Board in July 2013,
was a member of the Audit and Risk Committee and of the Corporate
Governance, Human Resources and Compensation Committee. The Board
wishes to extend its gratitude to Mr. Head for his valuable
contribution to the Company and wishes him well in his future
endeavors.
Michael Forsayeth is a financial
executive with over 25 years of experience in a number of
industries including real estate and property management as well as
hospitality and foodservice. Mr. Forsayeth is currently Chief
Financial Officer of Granite REIT, one of the ten largest North
American publicly listed real estate investment trusts. Prior to
that, Mr. Forsayeth was notably Chief Financial Officer of
Intrawest Cayman LP and Cara Operations Limited. Mr. Forsayeth is a
chartered accountant.
Patrick H. Sugrue is a business
executive with extensive experience in the manufacturing, corporate
and franchise retail, packaged goods and restaurant industries. Mr.
Sugrue is currently President and Chief Operating Officer of Sofina
Foods, a Markham, Ontario based
privately held premium meats and deli company. Prior to that, Mr.
Sugrue was notably President and Chief Executive Officer of
Fearmans Pork Inc., a private equity owned pork processing business
acquired by Sofina in 2010, and Chief Operating Officer of
Honeybaked Ham Company.
Pierre A. Raymond retired in
May 2014 from Stikeman Elliott LLP, a
Canadian national law firm, where he was a partner in the
Montreal office. Mr. Raymond's
practice focused primarily on corporate finance and securities as
well as public and private mergers and acquisitions. Mr. Raymond
served as a member of Stikeman Elliott's Partnership Board and
Executive Committee from 1997 to 2012 and as Chair of the firm from
2006 to 2012. Mr. Raymond is currently a corporate director and
sits on the board of directors of Catalyst Paper Corporation (TSX:
CYT) and of Pethealth Inc. (TSX: PTZ).
About Imvescor Restaurant Group Inc.
Headquartered in Moncton, New
Brunswick, Imvescor Restaurant Group Inc. owns franchised
and corporate restaurants throughout Canada under four brands: Pizza
Delight®, operating primarily in Atlantic Canada, where it dominates the
family/mid-scale segment, Mikes® and Scores®,
operating primarily in Québec in the family and casual dining
segments and the take-out and delivery segments, and Bâton
Rouge®, operating in Québec, Ontario and Nova
Scotia in the casual dining segment.
Cautionary Note Regarding Forward-Looking Statements
Certain information in this press release regarding the Company,
including, but not limited to, the Company's business objectives,
estimates, outlook, strategies and priorities, and other statements
that are not historical facts, are "forward-looking statements"
within the meaning of applicable securities laws. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors outside the Company's control referenced in the Company's
continuous disclosure filings which are available on SEDAR at
www.sedar.com. Although the forward-looking statements contained
herein are based upon what the Company believes to be reasonable
assumptions on the date of this press release, the Company cannot
assure readers that actual results will be consistent with these
forward-looking statements and readers should not place undue
reliance on the Company's forward-looking statements. The Company
assumes no obligation to update such forward-looking statements to
reflect new information, future events or otherwise, except as
required by applicable securities laws.
For more information about our brands:
Pizza
Delight®:
www.pizzadelight.com
Mikes®:
www.mikes.ca
Scores®:
www.scores.ca
Bâton
Rouge®:
www.batonrouge.ca
SOURCE Imvescor Restaurant Group Inc.