Purolator announces Tom Schmitt as new President and Chief Executive Officer

TORONTO, Sept. 9 /CNW/ - Stewart Bacon, Chairman of the Board of Purolator Holdings Ltd., is pleased to announce the appointment of Tom Schmitt as Purolator's President and Chief Executive Officer effective September 9, 2010.

Schmitt joins Purolator from FedEx Corporation, where he held several executive roles of increasing responsibility over the last 12 years. As Senior Vice President of FedEx Solutions, he led an integrated FedEx division providing turnkey customized solutions for strategic customers. Previously, as President and Chief Executive Officer of FedEx's Global Supply Chain Services, he was responsible for all supply chain services throughout the FedEx operating companies.

Prior to joining FedEx, Schmitt spent eight years with McKinsey & Company, where he worked with Fortune 500 companies, providing strategic development and operations expertise for the transportation, logistics, retail, utilities and telecom industries.

"The Board is delighted to have selected Tom Schmitt as Purolator's next President and CEO," said Bacon. "He is an exceptional leader and his customer focus and passion for performance excellence make him the ideal candidate to lead Purolator."

As President and CEO, Schmitt will be responsible for the development and implementation of Purolator's long-term strategy as well as running the day-to-day business of the company.

"I have the utmost respect for Purolator as a Canadian industry leader and am excited about the opportunity to lead this great company," said Schmitt.

Schmitt graduated with first class honours from Middlesex University in the United Kingdom, and he later earned an MBA at the Harvard Business School, where he graduated as a Baker Scholar at the top of his class.

As Purolator's President and CEO, Schmitt will also serve as a member of the Board.

About Purolator

Purolator of Mississauga, Ontario is proud of its Canadian heritage. As Canada's largest express delivery company and one of Canada's 10 Most Admired Corporate Cultures(TM), Purolator is committed to its customers and over 11,300 employees. Purolator offers its customers an extensive service network, comprised of an air network of 12 aircraft, over 4,000 ground vehicles, over 120 operations locations, over 140 Shipping Centres, over 550 Authorized Shipping Agents and more than 350 drop boxes.

Purolator has also implemented a company-wide Quality Leadership Process that provides the necessary framework for continuous improvement and operational excellence. As part of its commitment to helping alleviate hunger, Purolator works closely with Food Banks Canada. Since 2003, Purolator has helped collect more than three million pounds of food for local food banks across Canada. For more company information, please visit www.purolator.com.

For further information: Karen White, Purolator, 905-712-1084, ext. 23241, [email protected]; Abby Yung, Hill & Knowlton, 416-413-4772, [email protected]