Intertape Polymer Group Announces Appointment of New Chief Financial Officer
25 Abril 2014 - 9:00AM
Marketwired
Intertape Polymer Group Announces Appointment of New Chief
Financial Officer
MONTREAL, QUEBEC and SARASOTA, FLORIDA--(Marketwired - Apr 25,
2014) - Intertape Polymer Group Inc. (TSX:ITP) ("Intertape" or the
"Company") today announced the hiring of Jeffrey Crystal, CPA, CA,
as new Chief Financial Officer. He will begin as an employee of the
Company effective April 28, 2014 and will assume the
responsibilities of Chief Financial Officer effective May 9,
2014.
Mr. Crystal has over 17 years of experience in an extensive
range of financial responsibilities as well as other disciplines
such as human resources, information technology, purchasing and
legal services. Mr. Crystal was recently the CFO of a company
involved primarily in the manufacturing sector with sales of
approximately $1.5 billion and over 2,000 employees. He holds a
Diploma in Accountancy and a Bachelor of Commerce from Concordia
University in Montreal.
"Jeffrey is an experienced CFO who has been involved in various
functions and projects that have provided him with a comprehensive
view of operations. We believe the Company will benefit from his
experience as we execute our large scale South Carolina Project and
pursue our growth strategy," stated Greg Yull, President and
CEO.
About Intertape Polymer Group Inc.
Intertape Polymer Group Inc. is a recognized leader in the
development, manufacture and sale of a variety of paper and
film-based pressure sensitive and water activated tapes,
specialized polyolefin films, woven fabrics and complementary
packaging systems for industrial and retail use. Headquartered in
Montreal, Quebec and Sarasota, Florida, the Company employs
approximately 1,800 employees with operations in 16 locations,
including 10 manufacturing facilities in North America and one in
Europe.
Safe Harbor Statement
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of United States
federal securities legislation (collectively, "forward-looking
statements"). All statements other than statements of historical
facts included in this press release, including statements
regarding the benefits to the Company of hiring Mr. Crystal may
constitute forward-looking statements. These forward-looking
statements are based on current expectations, estimates, forecasts
and projections about the industries in which the Company operates
as well as beliefs and assumptions made by the Company's
management. Words such as "may," "will," "expect," "continue,"
"intend," "estimate," "anticipate," "plan," "foresee," "believe" or
"seek" or the negatives of these terms or variations of them or
similar terminology are intended to identify such forward-looking
statements. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, these
statements, by their nature, involve risks and uncertainties and
are not guarantees of future performance. Such statements are also
subject to assumptions concerning, among other things: business
conditions and growth or declines in the Company's industry, its
customers' industries and the general economy; the anticipated
benefits from the Company's manufacturing facility closures and
other restructuring efforts; the quality, and market reception, of
the Company's products; the Company's anticipated business
strategies; anticipated savings from the Company's manufacturing
plant rationalization initiatives; anticipated trends in the
Company's business; anticipated cash flows from the Company's
operations; availability of funds under the Company's Asset-Based
Loan facility; and the Company's ability to continue to control
costs.
The Company can give no assurance that these estimates and
expectations will prove to have been correct. Actual outcomes and
results may, and often do, differ from what is expressed, implied
or projected in such forward-looking statements, and such
differences may be material. Readers are cautioned not to place
undue reliance on any forward-looking statement. For additional
information regarding some important factors that could cause
actual results to differ materially from those expressed in these
forward-looking statements and other risks and uncertainties, and
the assumptions underlying the forward-looking statements, you are
encouraged to read "Item 3. Key Information - Risk Factors," "Item
5. Operating and Financial Review and Prospects (Management's
Discussion & Analysis)" and statements located elsewhere in the
Company's annual report on Form 20-F for the year ended December
31, 2013 and the other factors contained in the Company's filings
with the Canadian securities regulators and the US Securities and
Exchange Commission. Each of these forward-looking statements
speaks only as of the date of this press release. The Company will
not update these statements unless applicable securities laws
require it to do so.
MaisonBrison CommunicationsPierre Boucher(514) 731-0000
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