GLV Inc. announces important organizational changes in its leadership team

MONTREAL, June 7, 2012 /CNW Telbec/ - GLV Inc. (the "Corporation") (TSX: GLV.A GLV.B) announced today the appointment of Marc Barbeau to the role of President, Water Treatment Group (Ovivo).  Richard Verreault has successfully led the acquisition and integration of Christ Water Technology (CWT) and the rebranding of the Water Group under Ovivo, while continuing his role as President and Chief Executive Officer of GLV Inc.  He will now resume his role as President and Chief Executive Officer of GLV Inc.

Marc Barbeau will have the responsibility to consolidate Ovivo's business strategy while ensuring the growth of its worldwide operations which employ over 1200 employees with revenues of approximately $ 400 million. CPA, CA, M. Fisc, he joined the Corporation in 2000 and since February 2007, served as Executive Vice-President and Chief Financial Officer of GLV Inc. Since 2010, he is based in Europe to assume increased responsibility for the Ovivo European operations further the acquisition of CWT in November 2009. As of July 2012, he will be relocated to Montreal to take on his new responsibilities.

Thereby, France De Blois, CPA, CA, is promoted as Chief Financial Officer of GLV Inc. She has more than 20 years of experience in managing financial operations within major public manufacturing companies operating at the global level. She joined the Corporation in September 2010, as Vice-President, Accounting. Her new responsibilities will include investor and shareholder relations, treasury, financing, mergers and acquisitions, financial information and business risks.

« These changes mark an important transition in the organization's recent path and will generate focused efforts from our leadership team in achieving the growth expected by our stakeholders » says Laurent Verreault, Executive Chairman of the Board of Directors.

These appointments are effective immediately.

About GLV Inc.
GLV Inc. is a leading global provider of water treatment technological solutions, under the Ovivo brand, as well as technological solutions used in pulp and paper production. The Corporation operates in some 20 countries with approximately 2,300 employees. GLV is a public company whose shares trade on the Toronto Stock Exchange (TSX) under the ticker symbols GLV.A and GLV.B; it is a constituent of the S&P/TSX Clean Technology Index.

SOURCE GLV INC.

For further information:

Investors and media : 
France De Blois
Chief Financial Officer
Tél. : + 514 284-2224
courrier@glv.com

Marc Barbeau
President, Ovivo

Profil de l'entreprise

GLV INC.

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