KINGSEY FALLS, QC, Feb. 23 /CNW Telbec/ - Cascades Inc. (CAS on the
Toronto Stock Exchange), a leader in the recovery of recyclable
materials and in the production of packaging and tissue products,
announces the appointment of Mario Plourde as Chief Operating Officer.
Mario Plourde will commence his new functions effective today.
This appointment is part of a transition process within Cascades.
"Mario Plourde joined Cascades after graduation and over the years he
has risen through the ranks to become a key member of our management
team. His appointment today is a clear expression of not only our
confidence in Mario's leadership but also our desire to ensure the
continuity of our corporate culture. Moreover, Mr. Plourde's enhanced
role in management will enable my brothers and me to devote more time
to the strategic vision of the Company for the future", declared Alain
Lemaire, Cascades' President and Chief Executive Officer.
In carrying out his duties, Mario Plourde will work in close
collaboration with the group presidents in the recovery, packaging and
tissue paper sectors, in the pursuit of operational and business
objectives. Mario will retain responsibility for managing the Specialty
Products Group until his successor for him has been chosen.
Mario Ploude obtained a Bachelor of Administration degree with a Major
in Finance, from l'Université de Québec à Montréal. He joined Cascades
in 1985 as a controller. He was then promoted to the position of plant
manager, then General Manager and Vice-President and Chief Operating
Officer of the Specialty Products Group. In 2000, Cascades named him
President and Chief Operating Officer of this group, which consists of
more than 40 units, 2600 employees and which generates annually more
than 900 million dollars in business.
Founded in 1964, Cascades produces, converts and markets packaging and
tissue products composed mainly of recycled fibres. Cascades employs
close to 12,500 employees who work in more than 100 production units
located in North America and Europe. Cascades' management philosophy,
its more than 45 years of experience in recycling, its continued
efforts in research and development are strengths which enable the
Company to create new products for its customers. The Cascades' shares
trade on the Toronto Stock Exchange under the ticker symbol CAS.
Certain statements in this release, including statements regarding
future results and performance, are forward-looking statements (as such
term is defined under the Private Securities Litigation Reform Act of
1995) based on current expectations. The accuracy of such statements
is subject to a number of risks, uncertainties and assumptions that may
cause actual results to differ materially from those projected,
including, but not limited to, the effect of general economic
conditions, decreases in demand for the Company's products, increases
in raw material costs, fluctuations in selling prices and adverse
changes in general market and industry conditions and other factors
listed in the Company's Securities and Exchange Commission filings.
SOURCE CASCADES INC.
For further information:
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Vice-President, Communications and Public Affairs
Director, Investor Relations
President and Chief Executive Officer