Business
Superior Plus Appoints Chief Financial Officer
Superior Plus Appoints Chief Financial Officer.
About this update from Superior Plus Corp
[{"type":"text","content":"\n\n\n\n\nTSX: SPF.UN\n\nCALGARY, Oct. 11 /CNW/ - Superior Plus announces the appointment of Wayne\nM. Bingham, B.Comm., CA, as Executive Vice-President and Chief Financial\nOfficer, effective November 1, 2006.\nMr. Bingham has over 25 years of experience in financial reporting and\ncapital markets. Prior to joining Superior, Mr. Bingham served as Executive\nVice-President and Chief Financial Officer at Finning International Inc. in\nVancouver. Prior to that, Mr. Bingham served as Executive Vice-President and\nChief Financial Officer of Ontario Power Generation. Mr. Bingham has also held\nmany senior executive and management positions focusing on strategy,\nfinancing, compliance, risk management, treasury and supply chain operations.\nGrant Billing, Chairman and Chief Executive Officer, said \"We are excited\nto appoint Wayne as our CFO. His strong background and extensive experience in\nall aspects of financial management will serve him well in his new\nresponsibilities for the financial strategies to further Superior's corporate\ngoals and objectives, including the successful implementation of our strategic\nplan.\"\n\nAbout the Fund\n--------------\nSuperior Plus Income Fund is a diversified business trust with an\nenterprise value of approximately $2 billion. The Fund holds 100% of Superior\nPlus LP, a limited partnership formed between Superior Plus Inc., as general\npartner and the Fund as limited partner. Superior Plus is focused on stability\nof distributions with value growth and has four Canadian based operating\ndivisions: Superior Propane is Canada's largest distributor of propane,\nrelated products and services; ERCO Worldwide is a leading supplier of\nchemicals and technology to the pulp and paper industries, a regional Midwest\nsupplier of chloralkali products and the third largest producer of potassium\nproducts in North America; Winroc is the seventh largest distributor of walls\nand ceilings construction products in North America; and Superior Energy\nManagement provides fixed price natural gas supply services in Ontario and\nQuebec. In addition, as part of the strategic plan, JW Aluminum a leading\nmanufacturer of specialty, flat-rolled aluminum products in the United States,\ncurrently owned by Superior Plus, is in the process of being sold.\nThe Fund's trust units and convertible debentures trade on the Toro...