Business
Dorel seeking new Recreational/Leisure segment president
EXCHANGES TSX: DII.B, DII.A MONTREAL , Dec. 18, 2013 /CNW Telbec/ - Dorel Indus...
About this update from Dorel Industries Inc. Class A
[{"type":"text","content":"\n\n\nEXCHANGES\nTSX: DII.B, DII.A\n\n\nMONTREAL, Dec. 18, 2013 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.B\n DII.A) today announced the departure of Robert P. Baird, Group\n President & CEO of the Company's Recreational/Leisure segment. Peter\n Woods, the segment's CFO, has been named interim president until a new\n president is named. Both changes are effective immediately.\n\n\"We are now initiating a search for Bob's successor.  We thank Bob for\n his service with Dorel and wish him well in the future,\" stated Martin\n Schwartz, Dorel President & CEO.\n\n\"Our recreational business has become a billion dollar operation. We\n have an excellent team in place throughout the organization as well as\n brands that are highly respected by both dealers and consumers,\"  \n concluded Mr. Schwartz.\n\nProfile\nDorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile products and bicycle\n company. Dorel creates style and excitement in equal measure to safety,\n quality and value. The Company's lifestyle leadership position is\n pronounced in both its Juvenile and Bicycle categories with an array of\n trend-setting products.  Dorel's powerfully branded products include\n Safety 1st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in Juvenile, as well as\n Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and SUGOI in\n Recreational/Leisure.  Dorel's Home Furnishings segment markets a wide\n assortment of both domestically produced and imported furniture\n products, principally within North America. Dorel has annual sales of\n US$2.6 billion and employs 6,300 people in facilities located in\n twenty-four countries worldwide.\n\nCaution Regarding Forward Looking Statements\nCertain statements included in this press release may constitute\n \"forward-looking statements\" within the meaning of applicable Canadian\n securities legislation.  Except as may be required by Canadian\n securities laws, Dorel does not undertake any obligation to update or\n revise any forward-looking statements, whether as a result of new\n information, future events or otherwise. Forward-looking statements, by\n their very nature, are subject to numerous risks and uncertainties and\n are based on several assumptions which give rise to the possibility\n that actual results could differ materially from Do...