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Colabor Group Inc. Announces the Departure of Mr. Jean-François Neault as CFO and the Appointment of Mr. Mario Brin as Senior Vice-President and Interim Chief Financial Officer

BOUCHERVILLE, Québec, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Corporation”) announced the departure of Mr. Jean-François Neault, its current Senior Vice President and Chief Financial Officer, effective today. The Company appointed Mr. Mario Brin as its Senior Vice President and Chief Financial Officer by interim effective immediately.

"We thank Jean-François for his years of service with the organization and his strong contribution to Colabor. We wish him the best in the pursuit of his career. ", says Lionel Ettedgui, President and CEO of Colabor. "We are pleased to welcome Mario to Colabor. His extensive experience in finance with large multinational corporations, both transactional and operational, will be an asset to Colabor in executing our strategic plan. ", adds Mr. Ettedgui.

Mr. Brin is a senior executive with more than 20 years of experience in the field of finance, corporate strategy and turnaround. Prior to joining Colabor, he worked at Garda World as Senior Vice President and Chief Administrative Officer where he focused on the US cash service business. Prior to Garda World, he held various management positions, including Vice President and Chief Financial Officer of Naya Waters and Vice President - Corporate Finance and Treasury for CGI Group.

ABOUT COLABOR
Colabor is a distributor and wholesaler of food and non-food products serving the foodservice market (cafeterias, restaurants, hotels, restaurant chains) in Quebec, Ontario and the Atlantic provinces, as well as the retail market (grocery stores and convenience stores).

FORWARD-LOOKING STATEMENTS
This news release contains certain statements that may be deemed to be forward-looking statements reflecting the opinions or current expectations of Colabor Group Inc. concerning its performance, business operations and future events. Such statements are subject to risks, uncertainties and assumptions and the analysis of the debt structure and available alternatives, and risks mentioned in the Corporation’s annual information form found under its profile on SEDAR (www.sedar.com), such as the risk of dilution for existing shareholders. As such, these statements are not guarantees of future performance, and actual results, realities or events may differ materially. Except as required by law, the Corporation assumes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions or other factors change.

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Further information:

Investors:
 
Colabor Group Inc.
Lionel Ettedgui
President and Chief Executive Officer
Tel.: 450-449-0026, ext. 1265
Fax: 450-449-6180
Lionel.ettedgui@colabor.com 

 

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