easyhome Ltd.

easyhome Ltd.

March 31, 2010 20:00 ET

easyhome Ltd. Announces New Nominees for the Board of Directors

MISSISSAUGA, ONTARIO--(Marketwire - March 31, 2010) - easyhome Ltd. (TSX:EH) announced today that the Management Information Circular being mailed to shareholders shortly will include three new nominees for election to the Company's Board of Directors at easyhome's Annual Meeting to be held on April 28, 2010.

The new nominees are to replace four directors who have chosen not to stand for re-election. The directors not standing for re-election are Douglas Anderson, Ronald Gage, and Joseph Rotunda, who all joined the Board in 2000, and Nancie Lataille who became a director in 2006.

Company Chairman Donald K. Johnson and director David Lewis are remaining on the Board as independent directors. easyhome Chief Executive Officer David Ingram will also continue to serve as a director.

The other nominated directors have extensive and diverse backgrounds and are expected to contribute significantly to the strategy of the Company in the years ahead. They are:

  • James P. Bowland: Mr. Bowland is a former Managing Director, Investment and Corporate Banking with BMO Capital Markets, where he advised public companies for 24 years. He has particular expertise in the retail and real estate sectors. A Chartered Accountant, he will be nominated to Chair the Audit Committee. 
  • Walter E. "Bud" Gates: Mr. Gates brings extensive experience in the merchandise leasing and franchising businesses. He is the former Chairman and Chief Executive Officer of THORN Americas Inc., which owned Rent-A-Center, Inc. in the United States. He is currently the Chairman and CEO of easygates, LLC which is the master franchisor for easyhome in 36 states in the U.S. 
  • Wesley Voorheis: Mr. Voorheis is an experienced lawyer with a strong reputation for his expertise in corporate governance and shareholder protection. He is a partner with Voorheis & Co, LLP and Managing Director of VC & Co, Incorporated. He also is currently Chairman of HudBay Minerals Inc. and served on the Board and Special Committee of Patheon Inc. 

"We are pleased to be able to nominate directors of such high calibre to guide the Company through the next phase of its growth," said Donald K. Johnson, Chairman of the Board of easyhome Ltd. "We thank Ron Gage, Doug Anderson, Joe Rotunda and Nancie Lataille for their many years of service and counsel as easyhome was transformed into the market leader in its core business and expanded into new lines of business to create value for shareholders. We appreciate their dedication and their contribution to positioning easyhome for future success." 

About easyhome

easyhome Ltd. is Canada's largest merchandise leasing company, and the third largest merchandise leasing company in North America, supplying furniture, appliances and electronics to the retail consumer market. As at December 31, 2009, easyhome Ltd. had 240 stores, including 206 Canadian corporate stores, 12 U.S. corporate stores, 15 U.S. franchised stores, six Canadian franchised stores and one licensed Canadian store. The Company also operates 29 easyfinancial kiosks within existing easyhome stores. easyhome Ltd is listed on the TSX under the symbol 'EH'. For more information visit www.easyhome.ca.

Contact Information

  • easyhome Ltd.
    David Ingram
    President and Chief Executive Officer
    (905) 272-2788
    easyhome Ltd.
    Donald Johnson
    Chairman of the Board
    (416) 359-4119