TSX Trading Symbol: "MTY"
MONTREAL, May 29, 2012 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of quick service restaurants, today announced changes to its organization that will be effective on June 4, 2012. These changes are designed to align the Company's structure to the enhanced requirements generated by the growth it experienced in the last few years.
Mrs. Claude St-Pierre, currently Chief Financial Officer of MTY, will now assume the role Chief Operating Officer of the Company. After more than 20 years with the Company carrying numerous roles successfully, Mrs. St-Pierre has an intimate knowledge of MTY's operations, and as such is the ideal person to undertake the responsibilities related to this newly created position.
Mr. Eric Lefebvre will replace Mrs. St-Pierre as MTY's Chief Financial Officer. Mr. Lefebvre has been Vice-President of Finance at MTY for the last three years and had been Mrs. St-Pierre's right hand during that period. Mr. Lefebvre is a Chartered Accountant and holds a Master of Business Administration degree from McGill University. His prior experience includes various management and finance-related roles with Bell Aliant and Gaz Metro.
Both Mrs. St-Pierre and Mr. Lefebvre will report directly to Mr. Stanley Ma, President and Chief Executive Officer of MTY.
Certain information in this News Release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information on the Company is available on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
MTY Food Group Inc.
Stanley Ma, Chairman, President & CEO
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