Lassonde Industries Inc. announces a change in management of its U.S. subsidiary Lassonde Pappas and Company, Inc.
Lassonde Industries Inc. (TSX: LAS.A) announced today the departure of Mark McNeil, President and Chief Executive Officer of Lassonde Pappas and Company, Inc. since November 2013. Mr. McNeil informed the Company that he wishes to pursue other opportunities and that he will leave office in the coming weeks.
“We would like to thank Mark for his contribution to the growth of the Company and wish him success in his future endeavours,” said Jean Gattuso, President and Chief Operating Officer of Lassonde Industries Inc. and Chairman of the Board of Lassonde Pappas and Company, Inc.
In the wake of this departure, the Company has decided to review the management structure of its U.S. subsidiary. The current Chief Operating Officer of Lassonde Pappas and Company, Inc., Seth French, will be appointed President and, as such, will assume additional responsibilities under the leadership of Jean Gattuso. Mr. French has been employed by this subsidiary for 10 years, having held various management positions, while Mr. Gattuso has been employed by the Company for more than 30 years.
“We are privileged to have in our ranks a successor of the caliber of Seth French to ensure continuity in our business. Thanks to his leadership and his knowledge of our U.S. subsidiary, we are confident that he will continue to drive the performance of our operations in the U.S.,” said Mr. Gattuso.
SEDAR registration number: 00002099
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements that are based on certain assumptions. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Additional factors are discussed in materials filed from time to time with the securities regulatory authorities in Canada. Lassonde Industries Inc. disclaims any intention or obligation to update or revise any forward-looking statements except as required by law.