BURLINGTON, ON, Jan. 14 /CNW/ - EnGlobe Corp. (TSX:EG), Canada's leading
integrated environmental services company, announced today that Tony Busseri
has stepped down as President and Chief Executive Officer, and has also
resigned as a director, effective immediately, following mutual agreement with
"Tony Busseri has made an important contribution to EnGlobe by leading it
through a series of challenges and a period of transition into new segments to
broaden the markets in which the Company competes. He leaves the Company with
stronger operations, more financial security and greater opportunities for
growth," said Michael Harris, Chairman of the Board of Directors. "We
appreciate Tony's dedicated service to EnGlobe and wish him well in his future
Mr. Busseri said, "I am proud of what our team has accomplished during my
tenure. Together we have transformed EnGlobe into a Canadian industry leader.
I look forward to the next phase of my career and will watch with great
interest as EnGlobe realizes its outstanding potential."
EnGlobe's management team will continue to pursue the Company's existing
strategy and key initiatives. The Board of Directors has begun a search for a
new CEO who will lead the Company through the next phase of its development.
Aline Belanger has been named interim President and Chief Executive
Officer of EnGlobe Corp. Ms. Belanger is currently the Company's Chief
Financial Officer and will continue to work closely with the Board of
Directors and the Company's operating management during this period of
About EnGlobe Corp.
EnGlobe Corp. is Canada's leading integrated environmental services
company specializing in the management of organic-based waste streams and
contaminated soils, with an emphasis on beneficial reuse. EnGlobe offers
cost-effective solutions to municipal, commercial and industrial clients in
Canada, the northern United Sates, England and France through its
subsidiaries: Biogénie S.R.D.C. Inc. for site assessment and remediation, GSI
Environment Inc. for organic waste management, and Tanknology Canada Inc. for
tank testing and calibration. Until April, 2007, the Company was named
Environmental Management Solutions Inc.
EnGlobe shares are listed on the Toronto Stock Exchange under the ticker
symbol EG. Additional information is available at www.englobecorp.com.
For further information:
For further information: Investors: Aline Belanger, Interim President,
CEO and CFO, EnGlobe Corp., (905) 335-2100; Media: John Lute, Lute & Company,
(416) 929-5883 x 222