Intrawest announces organizational changes
October 18 2005 - 9:00AM
PR Newswire (US)
Listed: NYSE TSX Symbols: IDR (NYSE) ITW (TSX) VANCOUVER, Oct. 18
/PRNewswire-FirstCall/ -- Intrawest Corporation, one of the world's
leading destination resort and adventure-travel companies,
announced today that Gary Raymond, the head of Intrawest
Placemaking, will be resigning from the company later this year to
pursue other business interests. Drew Stotesbury, chief financial
officer of Intrawest Placemaking, will assume the role of interim
head of the division reporting directly to Joe Houssian, chairman,
president and chief executive officer of Intrawest. "Gary embodies
what Intrawest is today and he represents one of the cornerstones
on which this company has been built," said Joe Houssian. "He has
played a significant role in building Intrawest into one of the
world's leading resort development companies, and has created a
strong foundation of people and assets from which we will continue
to prosper. On behalf of all of us at Intrawest, I would like to
wish Gary all the best in his future endeavors." Intrawest also
announced today that Michael Hannan, former executive vice
president of strategic and corporate development, has been
appointed president of Abercrombie & Kent (A&K) with
responsibility for world-wide operations. Mr. Hannan will report to
Geoffrey Kent, chairman and chief executive officer, and will
remain at Intrawest's corporate offices in Vancouver, BC. A&K
also announced today that Joss Kent has rejoined the company as
chief operating officer after a three year absence. In addition,
Brad Miller, former vice president sales and marketing of Royal
Caribbean Cruises is joining A&K as executive vice president
and chief development officer with a focus on expanding the river
and expedition cruise business. Intrawest Corporation (IDR:NYSE;
ITW:TSX) is a world leader in destination resorts and adventure
travel. The company has interests in 10 resorts at North America's
most popular mountain destinations, including Whistler Blackcomb, a
host venue for the 2010 Winter Olympic and Paralympic Games.
Intrawest owns Canadian Mountain Holidays, the largest heli-skiing
operation in the world, and an interest in Abercrombie & Kent,
the world leader in luxury adventure travel. The Intrawest network
also includes Sandestin Golf and Beach Resort in Florida and Club
Intrawest - a private resort club with nine locations throughout
North America. Intrawest develops real estate at its resorts and at
other locations across North America and in Europe. Intrawest is
headquartered in Vancouver, British Columbia. For more information,
visit http://www.intrawest.com/. Statements contained in this
release that are not historical facts are forward-looking
statements that involve risks and uncertainties. Intrawest's actual
results could differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to,
Intrawest's ability to implement its business strategies,
seasonality, weather conditions, competition, general economic
conditions, currency fluctuations and other risks detailed in the
company's filings with the Canadian securities regulatory
authorities and the U.S. Securities and Exchange Commission. For
additional information, please contact Mr. John Currie, chief
financial officer, at (604) 669-9777 or Mr. Tim McNulty, director,
investor relations at (604) 623-6620 or at If you would like to
receive future news releases by email, please contact DATASOURCE:
Intrawest Corporation CONTACT: Mr. John Currie, chief financial
officer, at (604) 669-9777 or Mr. Tim McNulty, director, investor
relations at (604) 623-6620 or at
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