CCL Industries Inc.
TSX : CCL.A
TSX : CCL.B

CCL Industries Inc.

October 06, 2008 16:24 ET

CCL Industries Announces Organization Changes

TORONTO, ONTARIO--(Marketwire - Oct. 6, 2008) - CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B), a world leader in the development of labelling solutions and specialty packaging for the consumer products and healthcare industries, announced today that Gaston Tano will be joining the company as Senior Vice President and Chief Financial Officer effective October 15, 2008. Mr. Tano replaces Steve Lancaster, CCL's acting Chief Financial Officer who plans to retire after a long career with the company. Mr. Lancaster will continue as Executive Vice President in a consultative capacity for a transition period through the end of the year and during 2009.

Over the last 13 years Mr. Tano has held a variety of financial positions with the international spirits group Bacardi Limited, most recently in their corporate office in Bermuda as Global Corporate Controller. His broad based background includes extensive experience with corporate financial reporting, acquisitions and tax in a global business. Prior to joining Bacardi, Mr. Tano gained his public accounting experience with Price Waterhouse Coopers in Canada.

Mr. Tano graduated from the University of Toronto with his Bachelor of Commerce degree and has both his CA and CPA designations.

Mr. Geoffrey Martin, President and CEO of CCL Industries Inc. said, "We are delighted that Gaston has agreed to join us. He has a great financial background in a large, well respected international company and will be a great asset to CCL's global business and our future growth."

With headquarters in Toronto, Canada, CCL Industries now employs approximately 5,500 people and operates 55 production facilities in North America, Europe, Latin America, and Asia Pacific. CCL Label is the world's largest converter of pressure sensitive and film materials and sells to leading global customers in the consumer packaging, healthcare and consumer durables segments. CCL Container and CCL Tube produce aluminum cans, bottles and plastic tubes for the consumer products industry in North America.

Statements contained in this Press Release, other than statements of historical facts, are forward - looking statements subject to a number of uncertainties that could cause actual events or results to differ materially from some statements made.

Contact Information

  • CCL Industries Inc.
    Steve Lancaster
    Executive Vice President and Acting CFO
    (416) 756-8517
    Website: www.cclind.com