BOUCHERVILLE, QC, May 16, 2013 /CNW Telbec/ - Colabor Group Inc. (TSX:
GCL) ("Colabor" or "the Corporation") is pleased to announce the
appointment of Jean-François Neault as the Corporation's Vice-President
and Chief Financial Officer. Mr. Neault will take office on June 10,
2013, thus succeeding Michel Loignon. In accordance with the senior
executive succession plan, Mr. Loignon will remain with the
organization as Vice-President, Business Development of Colabor Group
Inc., which will also favour a smooth transition.
Since 2010, Mr. Neault held the position of Vice-President, Finance and
Administration of Cascades Tissue Group, where he supported upper
management in the development of a strategic plan, mainly focused on
sales growth, both through internal geographical expansion and
acquisitions. He had previously held the position of Vice-President,
Financial Planning and Corporate Strategy at Atrium Innovations Inc.,
as well as other senior management positions with various entities of
Cascades Inc. Mr. Neault holds an MBA from the Université de Sherbrooke
and a Bachelor of Accounting Sciences degree from the Université du
Québec à Trois-Rivières.
"I wish Jean-François Neault a cordial welcome to Colabor. His vast
experience in integration of acquisitions and his great knowledge of
financial management of companies holding multiple entities will be
major advantages in the implementation of our development initiatives.
I also thank Michel Loignon for his dedication over the past fifteen
years," said Claude Gariépy, President and Chief Executive Officer of
Colabor is a wholesaler and distributor of food and non-food products
serving the retail market (grocery stores, convenience stores, etc.)
and the foodservice market (cafeterias, restaurants, hotels, restaurant
chains), in Quebec, Ontario and the Atlantic provinces.
This news release may contain forward-looking statements reflecting the
opinions or current expectations of Colabor Group Inc. concerning its
performance and business operations and future events. These statements
are subject to risks, uncertainties and assumptions. Actual results or
events may differ.
SOURCE: Colabor Group Inc.
For further information:
President and Chief Executive
Tel. 450-449-0026 ext. 265
Michel Loignon, CPA, CA
Chief Financial Officer
Tel. 450-449-0026 ext. 235
Martin Goulet, CFA
Tel. 514-731-0000 ext. 229