Stella-Jones Announces Retirement of CFO George Labelle
June 04 2012 - 11:27AM
Marketwired
Stella-Jones Inc. (TSX:SJ) today announced that George T. Labelle,
Senior Vice-President and Chief Financial Officer will retire on
August 10, 2012 after more than twelve years of service with the
Company.
"On behalf of the Board of Directors and Stella- Jones
employees, I would like to thank George for his many years of
outstanding dedication and service," said Brian McManus, President
and Chief Executive Officer. "During his twelve years with the
Company, he has made a substantial contribution to the growth of
Stella-Jones. George will remain with the Company in an advisory
capacity for the balance of the year to assist with the transition
of responsibilities".
As per the Company's succession plan, Eric Vachon, Stella-Jones'
Vice- President and Treasurer, will assume the position of Senior
Vice-President and Chief Financial Officer. Mr. Vachon joined
Stella-Jones in February of 2007 and has previously served as the
Company's Vice-President Finance, U.S. Operations and Director,
Treasury and Financial Reporting.
Stella-Jones also announced today that Remi Godin has been
promoted to the position of Vice-President and Chief Accounting
Officer of the Company. Remi Godin has been with Stella-Jones since
its inception and has previously served as its Vice-President and
Corporate Comptroller.
ABOUT STELLA-JONES
Stella-Jones Inc. (TSX:SJ) is a leading producer and marketer of
pressure treated wood products. The Company supplies North
America's railroad operators with railway ties, timbers and
recycling services; and the continent's electrical utilities and
telecommunications companies with utility poles. Stella-Jones also
provides industrial products and services for construction and
marine applications, as well as residential lumber to retailers and
wholesalers for outdoor applications. The Company's common shares
are listed on the Toronto Stock Exchange.
Except for historical information provided herein, this press
release may contain information and statements of a forward-looking
nature concerning the future performance of the Company. These
statements are based on suppositions and uncertainties as well as
on management's best possible evaluation of future events. Such
factors may include, without excluding other considerations,
fluctuations in quarterly results, evolution in customer demand for
the Company's products and services, the impact of price pressures
exerted by competitors, the ability of the Company to raise the
capital required for acquisitions, and general market trends or
economic changes. As a result, readers are advised that actual
results may differ from expected results.
Contacts: Source: Stella-Jones Inc. Contacts: George T. Labelle,
C.A. Senior Vice-President and Chief Financial Officer (514)
934-8665glabelle@stella-jones.com Martin Goulet, CFA MaisonBrison
Communications (514) 731-0000martin@maisonbrison.com
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