MISSISSAUGA, ON, July 9 /CNW/ - Second Cup Royalty Income Fund (the "Fund") wishes to announce that the following individuals have been appointed to the board of directors of Second Cup GP Inc. ("GP Inc."): Bryna Goldberg, Michael Rosicki and Rita Toporowski.
Ms. Goldberg recently retired as Executive Vice President Legal Affairs, General Counsel and Secretary for Shoppers Drug Mart Ltd. and played a key role in transitioning Shoppers through a leveraged buy-out transaction and subsequent IPO. She has over 20 years of experience in the retail industry in Canada.
Mr. Rosicki is currently a trustee of the Fund. Mr. Rosicki is the former Chairman and Chief Executive Officer of Parmalat North America.
Ms. Toporowski is currently Vice-President Corporate Planning & Development, Dinecorp Hospitality Inc. (an affiliate of The Second Cup Ltd.) and brings to the board over 15 years of experience in various senior level roles within the airline industry, including President Air Canada Vacations and Senior Director Six Sigma for Air Canada.
The Fund also wishes to announce that Gabriel Tsampalieros has resigned from the board of directors and as Chief Executive Officer of GP Inc. Mr. Tsampalieros will continue to serve as a director and as the Executive Chairman of The Second Cup Ltd., which Mr. Tsampalieros indirectly owns.
"We welcome Bryna, Michael and Rita to the board of GP Inc. The experience that they bring will enhance the effectiveness of the board," commented David Bloom, Chairman of the board of trustees of the Fund. "We thank Gabe for serving as a director and officer to GP Inc. and are pleased that his contribution will continue through his roles with The Second Cup Ltd."
GP Inc. is a wholly owned subsidiary of the Fund and serves as the trustee of the general partner of Second Cup Trade-Marks Limited Partnership and also provides certain administrative and advisory services to the Fund.
About the Fund
The Fund is an open-ended trust established under the laws of the Province of Ontario. It holds, through an indirect wholly-owned limited partnership, the Canadian trade-marks and other intellectual property and associated rights used by The Second Cup Ltd. ("Second Cup") in connection with the operation of Second Cup cafes in Canada. For more information on the Second Cup Royalty Income Fund please visit www.secondcupincomefund.com.
About Second Cup
Second Cup is Canada's largest specialty coffee cafe franchisor and second largest retailer of specialty coffee, as measured by number of cafes. For further information on Second Cup, visit www.secondcup.com.
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