Appointment to Ridley Terminals Inc.



    OTTAWA, Dec. 7 /CNW Telbec/ - The Honourable Lawrence Cannon, Minister of
Transport, Infrastructure and Communities, today announced the appointment of
Mr. Daniel Veniez as chairperson of the Ridley Terminals Inc. (RTI) board of
directors.
    "I am pleased to announce the appointment of Mr. Veniez to lead RTI,"
said Minister Cannon. "His public policy and business insight will be
invaluable to the company."
    Based in Vancouver, Mr. Veniez is chairman of DDV Enterprises Ltd., an
investment company. He is an operating advisor to Pegasus Capital Advisors, a
private equity group that manages over $1.8 billion (U.S.) in assets through
several funds. Mr. Veniez studied history and economics at McGill University,
and business at Queen's University. He served as a senior policy advisor to
cabinet ministers in various economic and social policy portfolios within the
Government of Canada. Since returning to the private sector in 1992, he has
held senior management positions in areas ranging from corporate affairs and
human resources to strategy and property development.

    RTI is located on Ridley Island in Prince Rupert, British Columbia
(B.C.), at the end of CN's northern rail line. RTI is a federal Crown
Corporation that owns and operates a bulk handling terminal for the efficient
and reliable movement of coal and other bulk commodities from trains on to
ships, on land leased from the Prince Rupert Port Authority. The terminal was
built in the early 1980's to support the development of the coal industry in
Northeastern B.C.




For further information:

For further information: Karine White, Press Secretary, Office of the
Minister of Transport, Infrastructure and Communities, Ottawa, (613) 991-0700;
Transport Canada is online at www.tc.gc.ca. Subscribe to news releases and
speeches at www.tc.gc.ca/listserv/and keep up-to-date on the latest from
Transport Canada. This news release may be made available in alternative
formats for persons with visual disabilities.


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