Toromont Industries Ltd.
TSX : TIH

Toromont Industries Ltd.

October 19, 2007 16:00 ET

Toromont Announces Appointment of President and CEO of Toromont Energy Systems

CALGARY, ALBERTA--(Marketwire - Oct. 19, 2007) - Toromont Industries Ltd. (TSX:TIH) today announced the appointment of Mr. Garry P. Mihaichuk as President and Chief Executive Officer of its wholly-owned subsidiary, Toromont Energy Systems Inc. ("TESI"). Mr. Mihaichuk is expected to assume his responsibilities in mid-November.

Mr. Mihaichuk most recently served as Vice President of a major, Canadian-based, integrated energy and energy-related public company. He has more than 30 years of experience in leading and building businesses in the energy, petrochemicals and infrastructure sectors in Canada, the United States and internationally.

"We are very pleased to announce Garry Mihaichuk's appointment." said Robert M. Ogilvie, Chairman and CEO, Toromont Industries Ltd. "He is an experienced leader of energy related businesses. His appointment reflects our commitment to continue the rapid growth of TESI into a global compression business."

Toromont Industries Ltd. operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the world's largest Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations. The Compression Group is a North American leader specializing in the design, engineering, fabrication and installation of compression systems for natural gas, fuel gas and carbon dioxide in addition to process systems and industrial and recreational refrigeration systems. Both groups offer comprehensive product support capabilities. Toromont employs approximately 4,400 people in more than 115 locations. This press release and more information about Toromont Industries can be found at www.toromont.com.

Contact Information

  • Toromont Industries Ltd.
    Robert M. Ogilvie
    Chairman and Chief Executive Officer
    (416) 667-5554
    Website: www.toromont.com