The Churchill Corporation Announces Succession Plans at Stuart Olson Dominion

Don Pearson to Retire

CALGARY, June 8, 2012 /CNW/ - The Churchill Corporation (TSX: CUQ, CUQ.DB) ("Churchill") today announced that the company is planning for the retirement of Don Pearson, President & Chief Operating Officer, of its General Contracting Segment, Stuart Olson Dominion on December 31, 2012.

A transition plan is underway to consider and evaluate internal and external candidates to replace Mr. Pearson. Mr. Pearson remains committed to the success of Stuart Olson Dominion and its many customers and their active and potential construction projects. Mr. Pearson is providing assistance in the process to determine his successor and continues to work as a member of the Office of the CEO to execute on initiatives to deliver greater shareholder value.

About The Churchill Corporation

The Churchill Corporation provides building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to an array of public and private sector clients. Churchill operates office locations throughout British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. Churchill common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols "CUQ" and "CUQ.DB", respectively. www.churchillcorporation.com

Forward Looking Information

This press release contains statements that may constitute forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, without limitation, statements pertaining to the expected retirement date of Stuart Olson Dominion's President and COO, and the Corporation's initiatives to deliver greater shareholder value.  Forward-looking information is based on management's reasonable assumptions and estimates in respect of its experience and perception of trends, current economic conditions as well as other material factors that it considers to be relevant at the time of making such statements.  The forward-looking information in this press release is included solely for the purpose of assisting investors in understanding the Corporation's financial position and the results of its operations as at the date hereof.  By its nature, forward-looking information involves known and unknown risks and uncertainties, which give rise to the possibility that management's assumptions and estimates will be incorrect and that the Corporation's anticipated results will not be achieved. Such statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Forward-looking information is subject to a number of factors that may cause actual results to differ materially from those results implied by the expectations suggested by such information. Those factors include, without limitation, the risks and uncertainties described in the Corporation's Annual Information Form filed with the securities regulatory authorities in Canada under the Corporation's profile at www.sedar.com.  Readers are encouraged to consider the foregoing risks and other factors carefully when evaluating the forward-looking information and are cautioned not to place undue reliance upon such information when making investment decisions. The forward-looking information in this press release is current to the date hereof, and is subject to change following such date.  While the Corporation may elect to do so, unless required by applicable law, it undertakes no obligation to update this information to reflect new information or circumstances at any particular time. 

SOURCE The Churchill Corporation

For further information:

James C. Houck, B.Sc., MBA
President and Chief Executive Officer
The Churchill Corporation
(403) 685-7777

Andrew Apedoe
Vice President Investor Relations & Secretary
The Churchill Corporation
(403) 685-7775
Email: inquiries@churchill-cuq.com 

Ken Wetherell, CFA
Director, Investor Relations
The Churchill Corporation
(403) 685-7776
Email: inquiries@churchill-cuq.com

Profil de l'entreprise

The Churchill Corporation

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