Sorel-Tracy, June 5, 2008 - The President and Chief Executive Officer of Conporec Inc. ("Conporec" or the "company"), Mr. Jean Beaudoin, announces today the appointment of Mr. Michel Doyon, as Executive Vice President and Chief Financial Officer. He will assist Mr. Beaudoin in all the strategic and operational aspects of the Company thus assuming all the financial and administrative responsibilities.
Mr. Doyon, 47, is a graduate from Quebec University and has more than 20 years of financial and management experiences. During his career, Mr. Doyon acted in various strategic and managerial positions in the food production and distribution industry as well as in the finance industry with Amex Canada Inc. and more recently, within the Société générale de financement du Québec (SGF) as Investment Director in the food sector.
The Board of Directors has granted him 75 000 stock options of the Company at market price, with 15 000 options immediately exercisable at the date if his hiring on June 4, 2008 and 60 000 to be exercised over the next four years in accordance with the existing Stock Options Plan.
"Mr. Doyon brings great skills and capabilities to Conporec in both corporate organization and financial management. His proven expertise in corporate financing represents an invaluable asset for the company in this period of strong growth." indicated Mr. Beaudoin.
Conporec inc. develops, owns and operates various patented technologies for the treatment and the recycling of solid waste into valuable resources and energy. The company successfully delivered or is in the process of completing plants in Canada, France, United States and Australia and has also completed about thirty other installations in Canada. Conporec is a socially responsible organization listed on the Toronto Stock Exchange (Venture) and the Alternext Stock Exchange in Paris.
TSX - V: CNX
Alternext : ALCNX
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties or other factors that may cause actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The TSX Venture Exchange has not approved the information contained herein and accepts no responsibility for it, nor the validity of the operation planned.
|Additional information:||Jean Beaudoin
President and CEO
Tél. : 450.746.9996
Téléc. : 418.527.9996
HKDP Communications and public affairs
Tel. : 514.395.0375
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