Rutter Inc. Announces Changes in Senior Executive



    ST. JOHN'S, Feb. 11 /CNW/ - The Board of Directors of Rutter Inc. (TSX:
RUT) announced today changes in the Company's executive to be effective after
the close of the asset sale announced February 10, 2009. Mr. Ryan Hinz will
remain with the Company for a short period following the completion of the
sale transaction before formally stepping down from his position as President
and Chief Executive Officer of Rutter Inc. and Rutter Hinz Inc. Mr. Hinz will
continue in his role as a Director of the Company. Mr. Fraser Edison,
currently the Executive VP of Rutter and Interim President of Rutter
Technologies Inc. (RTI) will be the new President and CEO of Rutter upon
closing of the transaction.
    David Beutel, Chairman of the Board explained. "The recent announcement
of the sale of the controls and automation group of Rutter Hinz has
fundamentally changed the direction of the Company as we focus on our
technologies and consulting engineering divisions going forward. The Board and
Ryan mutually agreed that with this change it was appropriate that he step
down at this time. Ryan took over the CEO role at a challenging time in our
Company and was instrumental in the negotiations with Rockwell. On behalf of
the Board, I would like to thank him for his service to the Company".
    In commenting on the appointment of Mr. Edison, Mr. Beutel said "I am
very pleased Fraser has accepted this new position. Fraser is a long-time
Director and executive of the Company and his continued involvement in the
Company's growth and most recently his role as Interim President of Rutter
Technologies make him the ideal choice to take the Company forward. Under his
guidance, RTI is making significant strides in increasing its business,
improving the efficiency of all its manufacturing activities and refocusing
its product and business innovation activities. Fraser will continue to build
on these initiatives in his new role as CEO of the Company," he concluded.
    Following completion of the sale, the Company's engineering division will
continue to provide a full range of engineering consulting services to its
many customers in Newfoundland and Labrador from the offices in Clarenville
and St. John's. Through its 49% interest in AFN Engineering Inc, the division
also provides environmental consulting engineering services throughout the
Province of Newfoundland and Labrador. Rutter Technologies will build on the
ongoing initiatives to bring further improvements to its expanding
manufacturing activities. The division is also refocusing its product
development activities and its efforts to bring new products to market
including oil spill detection and ice navigation technologies. Industry has
responded very well to these products and Rutter expects to introduce
additional new radar products in future to supplement its main radar product
and its Voyage Data Recorder.
    "These are exciting times for Rutter's engineering and technologies
divisions", Mr. Edison said. "Our recent appointment as a Tier 1 manufacturer
by one of our largest clients demonstrates that Rutter is achieving success
with the changes we've implemented to date. And the opportunities in the
Province for our engineering division, not only to build on our existing
customer base, but to participate in the major projects already announced such
as Hebron, the Long Harbour smelter and the Lower Churchill will provide new
opportunities to build our business. I am very pleased to have the opportunity
to take the Company forward and to build its value for all our shareholders
and employees," he concluded.

    About Rutter - Rutter Inc. is a global enterprise focused on providing
innovative technologies and engineering solutions that will improve the safety
and efficiency of operating assets in the defense, marine, transportation, oil
and gas and other industrial sectors. Key activities of the enterprise include
technology development and marketing, outsource manufacturing of electronics
and electronic subassemblies and automation and control systems engineering
For more information see www.rutter.ca.

    Forward-Looking Statements

    This press release may contain forward-looking statements that involve
risks and uncertainties. These forward-looking statements reflect our current
expectations and are subject to a number of risks and uncertainties including,
but not limited to, change in technology and general market conditions. Due to
the many risks and uncertainties, Rutter Inc. cannot assure that
forward-looking statements that may be contained in this press release will be
realized.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.
    %SEDAR: 00022015E




For further information:

For further information: David Beutel, Chairman, Rutter Inc., (416)
964-7711; Dan Herder, Corporate Secretary, Rutter Inc., (709) 368-3174

Organization Profile

Rutter Inc.

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