Churchill announces new Chief Executive Officer and new additions to the Board



    TSX: CUQ

    EDMONTON, Jan. 5 /CNW/ - The Churchill Corporation (the "Corporation" or
"Churchill") is pleased to announce the appointment of Mr. James C. Houck to
the position of President and Chief Executive Officer effective immediately.
Mr. Houck has also been appointed a member of Churchill's Board of Directors.
    Mr. Houck has substantial experience as a CEO and as a director of public
companies. He most recently served as President and CEO and a director of
Western Oil Sands Inc. Mr. Houck currently serves on the Boards of Directors
of two publicly traded companies: ARC Energy Trust and WesternZagros Resources
Inc. He spent most of his career with Chevron and its predecessor, Texaco Inc.
His last position with Chevron was as President, Worldwide Power and
Gasification Inc. Prior to that, he held various senior positions with Texaco
in global gas and power, business development, production operations, research
and development, finance and strategic planning. He earned a B.S. Degree in
Engineering from Trinity University in Texas and an MBA from the University of
Houston.
    Mr. Albrecht Bellstedt, Chairman of Churchill's Board of Directors,
noted, "We are very pleased to have such an experienced international
executive join the Corporation's management team and board. Mr. Houck brings a
wide and diverse knowledge to Churchill as the Corporation undertakes to
solidify and grow its businesses in the face of dramatic changes we are seeing
in the economy. His background in large, complex capital projects and project
management will be a valuable addition to Churchill's extensive experience in
the construction and industrial services businesses."
    The Churchill Corporation is also pleased to announce the appointment of
Mr. Allister J. McPherson as a member of its Board of Directors. Mr. McPherson
has served as: Executive Vice President of Canadian Western Bank; Deputy
Provincial Treasurer (Finance and Revenue) for the Province of Alberta from
1984-1996; Chair of the Endowment Fund Policy Committee of Alberta Finance;
and Director and Vice Chair, Edmonton Regional Airports Authority. He holds a
M.Sc. degree from the University of British Columbia.
    Mr. McPherson is currently a member of the EPCOR Board of Directors, the
University of Alberta's Investment Committee, Chair of the Alberta Credit
Union Deposit Guarantee Corporation, and a member of the Edmonton Regional
Advisory Board of the Alberta Motor Association.
    Mr. Bellstedt stated: "We are extremely pleased to add Mr. McPherson to
Churchill's Board of Directors. He brings an array of financial, public policy
and senior leadership experience to the Corporation."

    About The Churchill Corporation:

    The Churchill Corporation provides building construction, industrial
construction and maintenance services throughout Western Canada. Churchill
common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".

    FORWARD LOOKING STATEMENTS

    Certain statements in this Press Release may constitute "forward-looking
statements". Forward-looking statements include, without limitation,
statements regarding the future financial position, business strategy,
budgets, litigation, projected costs, capital expenditures, financial results,
taxes, plans and objectives of the Corporation. Many of these statements can
be identified by looking for words such as "believes," "expects," "may,"
"will," "intends," "anticipates," "estimates," "continues," or the negative
thereof, or other variations thereon. Although management of Churchill
believes its expectations regarding future performance of the Corporation are
based on reasonable assumptions and currently available competitive, financial
and economic data, market conditions and operating plans, it can give no
assurance its expectations will be achieved. The Corporation cautions that, by
their nature, forward-looking statements, involve risks, and uncertainties and
that its actual actions, and/or results could differ materially from those
expressed or implied in such forward-looking statements, and that the
aforementioned risks, uncertainties and actions could affect the extent to
which a particular projection materializes. The Corporation assumes no
obligation to update the forward-looking statements should circumstances or
the Corporation's management's estimates or opinions change.

    /NOTE TO PHOTO EDITORS: Photos accompanying this release are available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/




For further information:

For further information: Andrew Apedoe, Vice President Investor
Relations & Secretary, The Churchill Corporation, (780) 454-3667, Email:
inquiries@churchill-cuq.com, Website: www.churchillcorporation.com


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