Business
Dorel announces departure of Juvenile Group President
EXCHANGES TSX: DII.B, DII.A MONTREAL, Jan. 19 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.B, D...
About this update from Dorel Industries Inc. Class A
[{"type":"text","content":"\n\n\n\nEXCHANGES\n\n\nTSX: DII.B, DII.A\n\n\nMONTREAL, Jan. 19 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.B,\nDII.A) today announced that Camillo Lisio, Dorel Juvenile Group President, has\ntendered his resignation and will be leaving the company by January 23, 2009.\nHani Basile, Dorel Juvenile Group's Chief Operating Officer is assuming\nleadership of the segment on an interim basis.\n\n\nMr. Basile has been involved with Dorel's juvenile businesses since he\njoined the Company in 2003. He served as Chief Executive Officer of Dorel\nDistribution Canada, was instrumental in establishing Dorel Australia and\nDorel Brazil and has been COO of Dorel Juvenile Group worldwide since May\n2008.\n\n\n"We thank Cam for his service and wish him well in his future\nendeavours," stated Dorel President & CEO, Martin Schwartz.\n\n\nProfile\n\n\nDorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile\nproducts and bicycle company. Established in 1962, Dorel creates style and\nexcitement in equal measure to safety, quality and value. The Company's\nlifestyle leadership position is pronounced in both its Juvenile and Bicycle\ncategories with an array of trend-setting products. Dorel's powerfully branded\nproducts include Safety 1st, Quinny, Cosco, Maxi-Cosi and Bebe Confort in\nJuvenile, as well as Cannondale, Schwinn, GT, Mongoose and SUGOI in\nRecreational/Leisure. Dorel's Home Furnishings segment markets a wide\nassortment of furniture products, both domestically produced and imported.\nDorel is a $2 billion company with 4600 employees, facilities in seventeen\ncountries, and sales worldwide.\n\n\nCaution Concerning Forward-Looking Statements\n\n\nExcept for historical information provided herein, this press release may\ncontain information and statements of a forward-looking nature concerning the\nfuture performance of Dorel Industries Inc. These statements are based on\nsuppositions and uncertainties as well as on management's best possible\nevaluation of future events. The business of the Company and these\nforward-looking statements are subject to a number of risks and uncertainties\nthat could cause actual results to differ from expected results. Important\nfactors which could cause such differences may include, without excluding\nother considerations, increases in raw material costs, particularly for key\n...