EDC Senior Executive Appointments

    OTTAWA, June 2 /CNW Telbec/ - Export Development Canada (EDC) today
announced that several senior executives are taking on new assignments. Kevin
O'Brien has become Senior Vice President, Finance and Chief Financial Officer
and Stephen Poloz has become Senior Vice President, Financing Products Group.
    Mr. O'Brien has been with EDC 22 years, most recently as Senior Vice
President, Financing Products Group and brings to the position extensive
financial leadership experience. He was formerly an executive with H.A. Simons
and worked with the Bombardier family of companies.
    Mr. Poloz replaces Mr. O'Brien as Senior Vice President, Financing
Products Group. Working closely with fellow executives, he will be directly
engaged in EDC's underwriting functions. Mr. Poloz joined EDC in 1999 as Chief
Economist and has served as Senior Vice President, Corporate Affairs. Formerly
he was with the Bank of Canada and was the managing editor of The
International Bank Credit Analyst.
    Jim McArdle continues as Senior Vice President, Legal Services and
Secretary with additional responsibility for Corporate Social Responsibility.
Peter Hall is now Vice President and Chief Economist and reports to Mr. Poloz.
Mr. Hall has been with Deputy Chief Economist at EDC for four years and has
20 years' experience in domestic and international economic analysis and
forecasting. Formerly Mr. Hall was with the Conference Board of Canada.

    EDC is Canada's export credit agency, offering innovative commercial
solutions to help Canadian exporters and investors expand their international
business. EDC's knowledge and partnerships are used by nearly 7,000 Canadian
companies and their global customers in up to 200 markets worldwide each year.
EDC is financially self-sustaining, is a recognized leader in financial
reporting and economic analysis, and has been named one of Canada's Top 100
Employers for seven consecutive years.

For further information:

For further information: Media contact: Phil Taylor, Corporate
Communications, Export Development Canada, (613) 598-2904, ptaylor@edc.ca

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