Clarke Inc. Announces Resignation of Chief Financial Officer and Appointment of Interim Chief Financial Officer

HALIFAX, March 1, 2016 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI) announces that Andrew Snelgrove has resigned as Chief Financial Officer, effective March 11, 2016, in order to pursue the same position at another company.

Clarke is pleased to announce that Kim Langille, Clarke's Vice President of Taxation, has been appointed Interim Chief Financial Officer. Ms. Langille has acted in her current role since 2012 and previously acted as Senior Manager of Taxation at Deloitte LLP.

Clarke will seek to identify a permanent Chief Financial Officer in the coming months.

Michael Rapps, President and Chief Executive Officer, stated: "We are disappointed to see Andrew leave Clarke and we thank him for his dedication and hard work over the last nine years with our organization." Mr. Rapps added: "Kim has been a member of Clarke's senior management since December 2012 and has a deep understanding of our investments and business structure. We are confident that Kim's appointment will enable a smooth transition of Clarke's financial functions."

About Clarke

Halifax-based Clarke invests in a variety of private and publicly-traded businesses and participates actively where necessary to enhance the performance of such businesses and increase its return. Clarke's securities trade on the Toronto Stock Exchange (CKI). For more information about Clarke Inc., please visit our website at

Note on Forward-Looking Statements and Risks
This press release may contain or refer to certain forward-looking statements relating, but not limited to, Clarke's expectations, intentions, plans and beliefs with respect to Clarke. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "does not expect", "is expected", "budget", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or equivalents or variations, including negative variations, of such words and phrases, or state that certain actions, events or results, "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved.

Forward-looking statements rely on certain underlying assumptions that, if not realized, can result in such forward-looking statements not being achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Clarke to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Risks and uncertainties include, among others, the Company's investment strategy, legal and regulatory risks, general market risk, potential lack of diversification in the Company's investments and interest rates and foreign currency fluctuations. Although Clarke has attempted to identify important factors that could cause actual actions, events or results or cause actions, events or results not to be estimated or intended, there can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Other than as required by applicable Canadian securities laws, Clarke does not update or revise any such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements.


SOURCE Clarke Inc.

For further information: please contact Michael Rapps, President and CEO, at (416) 855-1925.


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