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Montreal, February 4, 2008 – As announced
in the Transcontinental Inc. management proxy circular, the
company’s board of directors is recommending the appointment
to the board of Lino A. Saputo, Jr, president and chief executive
officer of Saputo Inc., the largest dairy processor in Canada
and among the top five cheese producers in the United States.
The nomination of Mr. Saputo will be voted on at the annual
shareholders meeting, to be held in Montreal on February 20.
If elected, he will become one of 12 board members, eight
of whom are independent directors.
“Following a unanimous decision by the board of directors,
based upon a recommendation from its Corporate Governance
Committee, I am proud to announce to Transcontinental shareholders
the nomination of Lino as a candidate for the board,”
said Rémi Marcoux, founder and executive chairman of
the board of Transcontinental. “Lino is not only respected
in the Canadian business community, his background, experience
and, most importantly, shared values will benefit Transcontinental
as the company continues to grow.”
Mr. Lino A. Saputo, Jr. has been president and chief executive
officer of Saputo Inc. since March 2004. Since joining the
company in 1988, he has successively occupied positions as
administrative assistant, plant manager, vice president operations
and president and chief operating officer, Cheese Division
(USA). Mr. Saputo is also involved in the Montreal community.
He acts as honourary co-chair of the 2005-2009 fundraising
campaign of the Sacré-Coeur Hospital Foundation. He
has also accepted to chair events organized by the Québec
Cystic Fibrosis Association, the Fondation Armand-Frappier,
the Institut de recherches cliniques de Montréal and
the Fondation scolaire de Laval. Mr. Saputo is a graduate
of Concordia University with a B.A. in political science.
About Transcontinental
The largest printer in Canada and sixth-largest
in North America, Transcontinental is also the country’s
leading publisher of consumer magazines and French-language
educational resources, and its second-largest community newspaper
publisher. Transcontinental distinguishes itself by creating
strategic partnerships that integrate the company into its
customers’ value chain, notably through its unique newspaper
printing outsourcing model and its value-added services. From
mass to highly personalized marketing, the company offers
its clients integrated solutions which include a continent-leading
direct marketing offering, a diverse digital platform and
a door-to-door advertising material distribution network.
Transcontinental is a company whose values, including respect,
innovation and integrity, are central to its operation.
Transcontinental (TSX: TCL.A, TCL.B) has approximately 15,000
employees in Canada, the United States and Mexico, and reported
revenues of C$2.3 billion in 2007.
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For information:
Media
Nessa Prendergast
Director, Media Relations
Transcontinental Inc.
Telephone: (514) 954 2809
nessa.prendergast@transcontinental.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: (514) 954 2821
jennifer.mccaughey@transcontinental.ca |
