SOURCE: BRICK BREWING CO. LIMITED

Brick Brewing Co. Limited

April 13, 2016 06:00 ET

Brick Brewing Announces Peter Anderson's Resignation From the Brick Brewing Board

KITCHENER, ON--(Marketwired - April 13, 2016) -  Brick Brewing Co. Limited ("Brick" or the "Company") (TSX: BRB), Ontario's largest Canadian-owned brewery, today announced that Peter Anderson has notified the Brick Board that he will be resigning from the board, effective May 1, 2016.

George Croft, President and Chief Executive Officer at Brick noted, "Although Peter has only been on the board a short time, we've come to very much appreciate his thoughtfulness and insight. He has shown himself to be an influential board member, and has been helpful to our management team as we have managed through a number of changes in the last year. We wish Peter much success in his new role as CEO at CI Investments."

"It has been my great pleasure to serve on the Brick board, if only for a short time," said Mr. Anderson. "The beer category is experiencing considerable change, and my role with the Brick board gave me the opportunity to support the leadership team at Brick in managing through these changes to deliver great results. The professionalism and capability of the people at Brick is a testament to the strength of the company."

David Shaw will replace Mr. Anderson as a member of the Audit Committee, while Ed Kernaghan will join the Nominating and Governance Committee. The board has elected not to pursue an immediate replacement for Mr. Anderson, but will instead operate with the board reduced from seven members to six.

About Brick Brewing

Brick is Ontario's largest Canadian-owned brewery. The Company is a regional brewer of award-winning premium quality and value beers and is officially certified under the Global Food Safety Standard, one of the highest and most internationally recognized standards for safe food production. Founded in 1984, Brick Brewing Co. was the first craft brewery to start up in Ontario, and is credited with pioneering the present day craft brewing renaissance in Canada. Brick has complemented its Waterloo premium craft beers with the popular Laker brand. In 2011, Brick purchased the Canadian rights to Seagram Coolers and in 2015, secured the exclusive Canadian rights to both LandShark and Margaritaville. In addition, Brick utilizes its leading edge brewing, blending and packaging capabilities to provide an extensive array of contract manufacturing services in beer, coolers and ciders. Brick trades on the TSX under the symbol BRB. Visit us at www.brickbeer.com.

Forward-Looking Statements

 All statements in this press release that do not directly and exclusively relate to historical facts constitute forward-looking statements as of the date of this press release. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "anticipate", "seek", "plan", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Corporation believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements, which are not guarantees and are subject to certain risks, uncertainties and assumptions, which may cause actual performance and financial results to differ materially from such forward-looking statements. The forward-looking statements included in this press release are made only at the date of this press release and, except as required by applicable securities laws, the Corporation does not undertake to publicly update such forward-looking statements to reflect new information, future events or otherwise.

Contact Information

  • Contact Information
    For further information:
    Sean Byrne
    Chief Financial Officer
    (519) 742-2732 Ext.132
    E-mail: info@brickbeer.com