Commercial Solutions Inc.

Commercial Solutions Inc.

June 21, 2012 11:20 ET

Commercial Solutions Announces Management Transition

EDMONTON, ALBERTA--(Marketwire - June 21, 2012) - COMMERCIAL SOLUTIONS INC. ("Commercial" or "Company") (TSX:CSA), one of Canada's leading independent industrial distributors, announced today it is engaging in a search to select the Company's next President and CEO. James Barker, President and CEO, will continue in his current executive management roles until his successor is identified and in place. Mr. Barker will continue as Chairman of the Board of Directors and will be intimately involved in facilitating the management transition.

CSA's Board of Directors will be engaging an executive search firm to assist with determining Mr. Barker's successor and will be considering both internal and external candidates. It is expected that Commercial will fill this role later in the year.

Mr. Barker has been in leadership roles in Commercial and its predecessors since 1991. He assumed the President and CEO roles in March of 2004. He has been instrumental in guiding Commercial through multiple acquisitions and led the corporation in significant organic growth. Mr Barker's astute leadership of the Company has resulted in a markedly improved corporate structure poised for enhanced success.

Jim Barker's extensive knowledge and experience in the industry as well as his extensive network of industry and community contacts will continue to be available to the Corporation and its future management teams. The Company will continue to benefit from Mr. Barker's valuable contributions as he remains Board Chairman and a significant shareholder.

Commercial Solutions is one of Canada's leading independent industrial distributors with 23 Services Centres and approximately 275 employees located primarily in Western Canada. Commercial offers more than 160,000 items critical to maintenance repair and operations (MRO) and original equipment manufacturer (OEM) customers. The Company represents 450 leading manufacturers and serves over 11,000 customer accounts within a broad cross-section of industries, including oil and gas, forestry, agriculture, firefighting, food processing, chemical processing, mining, utilities, manufacturing, and construction.

Contact Information

  • Commercial Solutions Inc.
    Jim Barker
    President and CEO
    (780) 577 2220

    Commercial Solutions Inc.
    Rozina Kassam, CA
    CFO and Senior VP of Corporate Services
    (780) 577 4360

    Nobel Investment Corp.
    Dan Patience
    Investor Relations Agent
    (403) 262 7111