TRADING SYMBOL: Toronto Stock Exchange - HWD
LANGLEY, BC, July 29, 2014 /CNW/ - Hardwoods Distribution Inc. (the
"Company") today announced that Lance Blanco, the President, Chief
Executive Officer and a director of the Company, recently suffered a
cycling accident. The full extent of Mr. Blanco's injuries is unknown
at this time, but the Company has been advised that Mr. Blanco will
require at least three months convalescence before being able to resume
his regular duties with the Company. In the interim, the board of
directors of the Company has appointed Mr. Rob Brown, the current Chief
Financial Officer, as acting Chief Executive Officer. Other senior
executives of the Company will assume expanded roles as required, to
support the Company until such time as Mr. Blanco returns.
Mr. Brown has 15 years' experience working in the building materials and
distribution business with MacMillan Bloedel, Weyerhaeuser, and the
Company. Mr. Brown has been Vice President and Chief Financial Officer
of the Company since 2004.
Lawrence Sauder, Chairman of the Company, commented, "Our thoughts are
with Lance and his family and we are hopeful that he will make a full
recovery and return to his normal activities at the Company. While
Lance regains his health, we have determined to name an acting Chief
Executive Officer. Rob Brown has an intimate knowledge of the
Company's business and he will be supported by the other members of the
Company's senior executive team, who have been with the Company or its
predecessors an average of 18 years."
About Hardwoods Distribution Inc.
Hardwoods (TSX: HWD) is one of North America's largest wholesale
distributors of hardwood lumber and related sheet good products,
operating a network of 33 locations in the U.S. and Canada.
SOURCE: Hardwoods Distribution Inc.
For further information:
Chief Financial Officer
Phone: (604) 881-1990
Fax: (604) 881-1995