TORONTO, Sept. 8, 2020 /CNW/ - Park Lawn Corporation (TSX:
PLC) ("PLC") is pleased to announce the appointment of
Daniel Millett as Chief Financial
Officer of PLC. Mr. Millett will fill the position of
Joseph Leeder, who is retiring after
serving as PLC's Chief Financial Officer since 2013. Mr. Leeder
will continue his employment with PLC as Senior Advisor during a
transition period through to the end of this year.
Mr. Millett formerly served as Chief Financial Officer of
Agellan Commercial REIT and, prior to that, a Senior Manager, at
KPMG LLP, in their building, construction and real estate audit
practice. He has proven expertise in financial controls, risk
management, financial reporting, and financial modeling for mergers
and acquisitions in a public company setting. In addition, Mr.
Millet has cross-border experience in Canada and the United States. He holds a
Chartered Professional Accountant, Chartered Accountant
designation, and earned a Bachelor of Business Administration from
Wilfrid Laurier University.
"On behalf of the entire Board and PLC team, we want to thank
Joe for his many valuable contributions to the success of PLC over
the past seven years. And, on a personal level, I want to
thank Joe for his leadership and personal guidance throughout these
past few months. I am deeply appreciative that Joe will
remain a part of the PLC team to assist in a smooth leadership
transition and we wish him the best in his well-deserved
retirement," stated Brad Green,
Chief Executive Officer of PLC. "We are also delighted to
welcome Dan to the PLC team. His extensive experience working
with public companies, supporting financial and regulatory
reporting, audit services, and strategic transactions will be of
great value to PLC as we continue to pursue our stated growth
objectives."
"It has been a privilege to serve as Chief Financial Officer of
PLC since 2013," said Mr. Leeder. "I want to thank all my PLC
colleagues and teammates for their friendship and support as,
together, we have grown PLC to become one of the largest companies
in the cemetery and funeral industry within North America. I
wish Brad and the team all the best in the months and years ahead
as they continue to expand and grow PLC for the benefit of all its
stakeholders."
About PLC
PLC provides goods and services associated with the disposition
and memorialization of human remains. Products and services are
sold on a pre-planned basis (pre-need) or at the time of a death
(at-need). PLC and its subsidiaries own and operate businesses
including cemeteries, crematoria, funeral homes, chapels, planning
offices and a transfer service. PLC operates in five Canadian
provinces and fifteen U.S. states.
Cautionary Statement Regarding Forward–Looking
Information
This news release may contain forward-looking statements (within
the meaning of applicable securities laws) relating to the business
of PLC and the environment in which it operates. Forward-looking
statements are identified by words such as "believe", "anticipate",
"project", "expect", "intend", "plan", "will", "may", "estimate",
"pro-forma" and other similar expressions. These statements are
based on PLC's expectations, estimates, forecasts and projections
and include, without limitation, statements regarding the Company's
intentions to pursue its stated growth objectives. The
forward-looking statements in this news release are based on
certain assumptions, including that recent acquisitions perform as
expected, PLC will be able to implement business improvements and
achieve costs savings, PLC will be able to retain key personnel,
there will be no unexpected expenses occurring as a result of the
acquisitions, multiples remain at or below levels paid by PLC for
previously announced acquisitions, the CAD to USD exchange rate
remains consistent, the acquisition and financing markets remain
accessible, capital can be obtained at reasonable costs and PLC's
current business lines operate and obtain synergies as expected, as
well as those regarding present and future business strategies, the
environment in which the PLC will operate in the future, the
anticipated adjustments to operations in the COVID-19 pandemic,
expected revenues, expansion plans and the PLC's ability to achieve
its goals. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that are difficult
to control or predict. A number of factors could cause actual
results to differ materially from the results discussed in the
forward-looking statements, including, but not limited to, the
factors discussed under the heading "Risk Factors" in PLC's Annual
Information Form and most recent Management's Discussion and
Analysis available at www.sedar.com. There can be no assurance that
forward-looking statements will prove to be accurate as actual
outcomes and results may differ materially from those expressed in
these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements.
Further, these forward-looking statements are made as of the date
of this news release and, except as expressly required by
applicable law, PLC assumes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE Park Lawn Corporation