TerraVest announces retirement of CEO

VEGREVILLE, AB, Feb. 12, 2015 /CNW Telbec/ - TerraVest Capital Inc. ("TerraVest" or the "Company") (TSX: TVK) a manufacturer of fuel containment and pressure vessels as well as an oil field service provider announced today that Dale Laniuk is retiring as President and CEO of Terravest. Mr. Laniuk has been with Company since its inception and has been instrumental in building Terravest.

"Over the last several years Terravest has undergone a significant turnaround. I am proud of where we stand today, and remain a dedicated board member and 22% shareholder. The Company is well positioned for continued success and I am excited to step away from some of the day-to-day activities and take on a more strategic role at the board level." said Mr. Laniuk.

TerraVest has been preparing for Mr. Laniuk's retirement and has had a transition plan in place since Mr. Charles Pellerin was appointed Executive Chairman of TerraVest in June of 2014.  In addition, Mr. Laniuk will continue to contribute in a strategic role as part of a new executive committee formed at the board level consisting of Mr. Laniuk, Charles Pellerin and Dustin Haw.

 

SOURCE TerraVest Capital Inc.

For further information: Mitch Gilbert, TerraVest Capital Inc., Chief Investment Officer, (416) 364-0064, mitchell.gilbert@terravestcapital.com; Paul A. Casey, CA, TerraVest Capital Inc., Chief Financial Officer, (780) 632-2040, pcasey@terravestcapital.com

RELATED LINKS
www.terravestindustries.com

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