Stock Symbol: TSX - CCL.A and CCL.B
TORONTO, Dec. 6 /CNW/ - CCL Industries Inc., a world leader in specialty
packaging and labelling solutions for the consumer products and healthcare
industries, announced today that after 30 years of service with the Company,
Steve Lancaster has announced that he will be retiring as Chief Financial
Officer on January 14, 2008, but will continue as Executive Vice President and
assist CCL Industries on a number of special projects on a part-time basis
through to the end of 2008.
The Company also announced that John Doolittle will be joining CCL as
Executive Vice President and Chief Financial Officer effective January 15,
2008. Mr. Doolittle has extensive global financial experience in tax,
treasury, public accounting and the banking industry. His most recent position
with Nortel Networks is Vice President, Financial Planning and Analysis.
Previous to this, Mr. Doolittle was the Vice President, Tax and the Vice
President and Assistant Treasurer.
Donald Lang, Vice Chairman and Chief Executive Officer said, "Steve
Lancaster is well respected within the Company and the external financial
community for his intellect, integrity and openness and will be greatly
missed. However, I am glad that he has agreed to a transition period, which
will be of great benefit to our incoming Chief Financial Officer,
John Doolittle. John has extensive financial and international experience that
will be a great asset to CCL's global business and our future opportunities."
Mr. Lang continued, "We would like to acknowledge and thank
Steve Lancaster for his contribution to CCL's success and wish him all the
best in his retirement."
CCL manufactures pressure sensitive, shrink sleeve and in-mould labels,
aluminum containers and plastic tubes for leading global companies in the home
and personal care, healthcare and specialty food and beverage sectors. With
headquarters in Toronto, Canada, CCL Industries employs approximately 5,000
people and operates 49 production facilities in North America, Europe, Latin
America and Asia.
For further information:
For further information: Janis Wade, Senior Vice President, Human
Resources and Corporate Communications, (416) 756-8509; For more details on
CCL, visit our website - www.cclind.com