VANCOUVER, Sept. 9, 2013 /CNW/ - WesternOne Inc. ("WesternOne") (TSX: WEQ, WEQ.DB, WEQ.DB.B and WEQ.DB.C) today announced the sudden passing of founding director and Chief Executive Officer Darren Latoski.
Mr. Latoski fought a valiant battle with cancer and was active in his role with WesternOne until his death. He was one of Canada's most successful young entrepreneurs and will be deeply missed by family, friends and colleagues alike.
Robert King, Chairman of the board of directors of WesternOne, stated: "It is with a heavy heart that we say goodbye to our dear friend and colleague. We know how proud Darren was of WesternOne's strong and growing business platforms, the considerable depth of management now in place at all levels of the business and the unblemished record of payments to securityholders since the 2006 initial public offering."
The Board intends to proceed with a process to hire a new CEO immediately. In the interim, until further notice and consistent with the Board's succession plan, Mr. King has been appointed WesternOne's acting CEO. Mr. King has been Chairman of WesternOne as well as its predecessor since the initial public offering.
About WesternOne Inc.
WesternOne Inc. seeks to acquire and grow businesses in the construction and infrastructure services sector in order to generate stable and growing dividends to its shareholders and to achieve capital appreciation.
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SOURCE: WesternOne Inc.
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