MONTREAL, Dec. 13 /CNW Telbec/ - TransForce Income Fund (TSX: TIF.UN),
the leader in the Canadian transportation and logistics industry, today
announced that Lucien Bouchard has been named to the Fund's Board of Trustees,
effective December 13, 2007.
Mr. Bouchard is a partner in the law firm of Davies Ward Phillips and
Vineberg LLP where he practises corporate and commercial law, is a negotiator
and mediator for significant commercial and labour disputes, and advises large
corporations on strategy and policy. He was Premier of Quebec from 1996 to
2001, served in the Federal Cabinet and was Leader of the Opposition in the
House of Commons. Prior to his political career, Mr. Bouchard was Canada's
ambassador to France from 1985 to 1988.
In addition to his law practice, Mr. Bouchard is Chairman of the Board of
Directors of the Orchestre Symphonique de Montréal, management committee
member of Jeunesses Musicales du Canada, member of the Boards of directors of
Groupe Saputo Inc., Transcontinental Inc., Centre d'études et de recherches
internationales de l'Université de Montréal and BMTC Group Inc.
"We are very pleased to welcome Lucien Bouchard to the TransForce Board
of Trustees. His experience, expertise and insights are sure to be valuable to
the Board and to the unitholders of the Fund," said Alain Bédard, Chairman,
President and CEO of TransForce.
TransForce also announced that two Trustees, Mrs. Katherine Rethy, Chair
of the Corporate Governance Committee and Ms. Sheila O'Brien, Chair of the
Human Resources Committee, have resigned from the Board of Trustees effective
December 11, 2007.
"On behalf of their fellow trustees, I want to thank Katherine and Sheila
for their contributions during their time on the Board. Their efforts were
appreciated and we wish them both well," Mr. Bédard said.
The TransForce Board of Trustees has reorganized its committees to
reflect the changes in the composition of the Board. The Audit Committee is
chaired by Ronald Rogers and includes André Bérard and Richard Guay.
Mr. Bouchard chairs the Corporate Governance and Nominating Committee which
also includes Mr. Bérard, Mr. Rogers and Joe Marsilii. The Human Resources and
Compensation Committee is chaired by Mr. Guay and also includes Joey Saputo
and H. John Stollery
TransForce Income Fund (www.transforce.ca) is the leader in Canada's
transportation and logistics industry. Headquartered in Montreal, Quebec, the
Fund's objective is to create value for unitholders through managing and
investing in a growing network of independent operating subsidiaries.
TransForce provides a comprehensive and unique combination of capabilities,
resources and geographical coverage in both domestic and trans-border markets.
Its companies operate in four well-defined business segments:
- Less Than Truckload and Parcel Delivery;
- Specialized Services, which includes its ancillary transportation
services and fleet management & personnel services businesses;
- Specialized Truckload; and
TransForce's trust units (TIF.UN) are listed on the Toronto Stock
Exchange and are included in the S&P/TSX Composite Index.
Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of TransForce. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of
future events. Such factors may include, without excluding other
considerations, fluctuations in quarterly results, evolution in customer
demand for TransForce's products and services, the impact of price pressures
exerted by competitors, and general market trends or economic changes. As a
result, readers are advised that actual results may differ from expected
For further information:
For further information: Investors: Alain Bédard, Chairman, President
and CEO, TransForce Income Fund, (514) 331-4200, firstname.lastname@example.org; Media:
John Lute, Lute & Company, (416) 929-5883, email@example.com