Dorel names Juvenile Segment President - Hani Basile confirmed



    EXCHANGES TSX: DII.B, DII.A

    MONTREAL, June 11 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.B DII.A)
today announced the promotion of Hani Basile to President of Dorel's Juvenile
Segment. Mr. Basile assumed leadership of the segment on an interim basis in
January this year. The appointment is effective immediately.
    Hani has been involved with Dorel's juvenile businesses since he joined
the Company in 2003. He served as Chief Executive Officer of Dorel
Distribution Canada, was instrumental in establishing Dorel Australia and
Dorel Brazil and has been COO of Dorel Juvenile Group worldwide since May
2008.
    Dorel President and CEO, Martin Schwartz said the appointment is an
obvious one. "Hani has been an important member of the Dorel management team
for several years. He has consistently demonstrated an ability to deal
efficiently with a variety of executive assignments and his responsibilities
with the Company have increased accordingly. As President of the Juvenile
segment, Hani will guide the strategy as the business continues to grow and
will oversee all aspects of its operations. He is clearly up to the challenge
and has built an excellent rapport with our solid juvenile teams around the
world."
    The Dorel Juvenile Group is the world's largest juvenile products company
in its categories. 2008 sales exceeded US$1.1 billion.

    Profile

    Dorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile
products and bicycle company. Established in 1962, Dorel creates style and
excitement in equal measure to safety, quality and value. The Company's
lifestyle leadership position is pronounced in both its Juvenile and Bicycle
categories with an array of trend-setting products. Dorel's powerfully branded
products include Safety 1st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in
Juvenile, as well as Cannondale, Schwinn, GT, Mongoose and SUGOI in
Recreational/Leisure. Dorel's Home Furnishings segment markets a wide
assortment of furniture products, both domestically produced and imported.
Dorel is a US$2.2 billion company with 4700 employees, facilities in eighteen
countries, and sales worldwide.

    Caution Concerning Forward-Looking Statements

    Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of Dorel Industries Inc. These statements are based on
suppositions and uncertainties as well as on management's best possible
evaluation of future events. The business of the Company and these
forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results to differ from expected results. Important
factors which could cause such differences may include, without excluding
other considerations, increases in raw material costs, particularly for key
input factors such as particle board and resins; increases in ocean freight
container costs; failure of new products to meet demand expectations; changes
to the Company's effective income tax rate as a result of changes in the
anticipated geographic mix of revenues; the impact of price pressures exerted
by competitors, and settlements for product liability cases which exceed the
Company's insurance coverage limits. A description of the above mentioned
items and certain additional risk factors are discussed in the Company's
Annual MD&A and Annual Information Form, filed with the securities regulatory
authorities. The risk factors outlined in the previously mentioned documents
are specifically incorporated herein by reference. The Company's business,
financial condition, or operating results could be materially adversely
affected if any of these risks and uncertainties were to materialize.  Given
these risks and uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.




For further information:

For further information: MaisonBrison: Rick Leckner, (514) 731-0000;
Dorel Industries Inc.: Jeffrey Schwartz, (514) 934-3034

Organization Profile

Dorel Industries Inc.

More on this organization

MaisonBrison Communications

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890