Claude Lamoureux appointed to Atrium's board of directors

    The extensive expertise and solid reputation of the outgoing president of
    the Ontario Teachers' Pension Plan will represent major assets for Atrium

    QUEBEC, Dec. 18 /CNW Telbec/ - Mr. Pierre Laurin, Chairman of the Board
of Atrium Innovations Inc. "Atrium" (TSX: ATB), today announced the
appointment of Mr. Claude Lamoureux to the Company's Board of Directors. Until
December 1 of this year, Mr. Lamoureux was President and Chief Executive
Officer of the Ontario Teachers' Pension Plan (OTPP), also known as Teachers'.
    "Mr. Lamoureux's arrival as a Board member for the Company is a
significant milestone in Atrium's young history. As head of the OTPP since its
creation in 1990 until his departure a few weeks ago, Mr. Lamoureux
exemplified how competence, thoroughness and respect for strict governance
standards are essential elements not only for a company's longevity but also
its lasting success. Mr. Lamoureux's extensive expertise and solid reputation
will benefit Atrium and its future development. We feel very privileged that
Mr. Lamoureux has agreed to join the Atrium Board," said Mr. Laurin.
    Under Mr. Lamoureux's leadership, the OTPP quickly climbed the ranks of
the best institutional fund managers in Canada. While Mr. Lamoureux was at the
head of the OTPP, the pension plan's net assets grew from $19 billion to
$106.1 billion as of December 31, 2006. During the same period, the fund
generated an annual average rate of return of 11.8%.
    Before assuming the leadership of the OTPP, Mr. Lamoureux, a professional
actuary, started his brilliant career at Metropolitan Life, for which he held
management positions in Toronto, New York and Montreal. A native of
Cap-de-la-Madeleine, Mr. Lamoureux was also the co-founder of the Canadian
Coalition for Good Governance, where he was a Board member from January 2003
to June 2007.

    Transition plan now complete

    Mr. Dupont resigns from the Board of Directors. However, he will continue
to play an advisory role to the Company's management and will be actively
involved in the strategic re-evaluation process of Atrium's Active Ingredients
& Specialty Chemicals Division. "From the time I took over for Luc in July as
President and Chief Executive Officer of the Company, Luc has lent his support
at every turn during that period to ensure a smooth management transition. I
can confirm without doubt that the transition plan is now completed and has
been a clear success," stated Mr. Pierre Fitzgibbon, Atrium's President and
Chief Executive Officer.
    "It goes without saying that Luc's exceptional contribution to the
Company, as its founder, played a key role in Atrium's continued development
and extraordinary success. We are very fortunate that we can count on his
perspective and availability in the future as we continue to implement various
projects. We also wish to thank him for his unwavering support to both Atrium
and its team," concluded Mr. Pierre Laurin.

    About Atrium

    Atrium Innovations Inc. is a recognized leading developer, manufacturer
and marketer of science-based products for the cosmetics, pharmaceutical,
chemical and nutrition industries. The Company focuses primarily on growing
segments of the health and personal care markets which are benefiting from the
trends towards healthy living and the ageing of the population. Atrium markets
a broad portfolio of active ingredients, specialty chemicals and health and
nutrition finished products through its highly specialized sales and marketing
network in more than 50 countries, primarily in North America, Europe and
Asia. Atrium has over 600 employees and operates four manufacturing
facilities. Additional information about Atrium is available on its Web site

    Cautionary Note and Forward-Looking Statements

    This press release contains certain forward-looking statements with
respect to the Company. These forward-looking statements, by their nature,
necessarily involve risks and uncertainties that could cause actual results to
differ materially from those contemplated by these forward-looking statements.
The Company considers the assumptions on which these forward-looking
statements are based to be reasonable, but cautions the reader that these
assumptions regarding future events, many of which are beyond its control, may
ultimately prove to be incorrect since they are subject to risks and
uncertainties that affect the Company. For additional information with respect
to these and other factors, see the Company's quarterly and annual filings
with the Canadian securities commissions. The Company disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, other than as required
by law.

For further information:

For further information: Media Relations: Frédéric Tremblay, HKDP, (514)
395-0375, ext. 234,; Investor Relations: Pierre
Fitzgibbon, President and Chief Executive officer, Atrium Innovations inc.,
(418) 652-1116,

Organization Profile

Atrium Innovations 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