BURNABY, BC, Dec. 16 /CNW/ - Taiga Building Products Ltd. ("Taiga" or the "Company") (TSX: TBL & TBL.NT) The Board of Directors of Taiga announced today that they have approved a succession plan for members of Taiga's senior management.
Effective December 16, 2008 Dr Kooi Ong Tong will step down as CEO. Dr Tong will continue as Executive Chairman of the Board and remain active in the business' strategy via its Executive Committee.
Taiga is pleased to announce Jim Bradshaw currently Taiga's President and COO will be assuming the position of CEO effective December 16, 2009. Jim has recently led Taiga with responsibility for operations and product line development. He has been employed by Taiga for 32 years. Taiga looks forward to build on its value added strategy under Jim's guidance.
The Board also announces that effective December 16, 2008, Cam White will be appointed COO in addition to his role as Taiga's Executive Vice President, Sales and Operations. Mr White will work alongside Jim Bradshaw to seek out new sales growth opportunities and managing costs through the current downturn. Cam has been employed by Taiga since 1973.
The Board also announces that effective March 31, 2009, Doug Morris, Taiga's Executive Vice President, Supply and Major Accounts will be retiring. Doug has been one of the key builders of Taiga in Eastern Canada, and has provided great contributions to future growth opportunities which Taiga will be pursuing. Taiga is pleased to announce Doug will be a key advisory resource to the company going forward.
Forward-Looking Statements:
This press release contains certain forward-looking information and statements relating, but not limited, to future events or performance and strategies and expectations of Taiga. Forward-looking information typically contains statements with words such as "consider", "anticipate", "believe", "expect", "plan", "intend", "likely", "may", "will", "should", "predict", "potential", "continue" or similar words suggesting future outcomes or statements regarding expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Readers should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.
These forward-looking statements reflect management's current expectations or beliefs and are based on information currently available to Taiga and although Taiga believes it has a reasonable basis for making the forward-looking statements included in this document, readers are cautioned not to place undue reliance on such forward-looking information. By its nature, the forward-looking information of Taiga involves numerous assumptions and inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts and other forward-looking statements will not occur. These factors include, but are not limited to, changes in business strategies; the effects of litigation, competition and pricing pressures; changes in operational costs; changes in laws and regulations, including tax, environmental, employment, competition, anti-terrorism and trade laws; and Taiga's anticipation of and success in managing the risks associated with the foregoing.
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