Finning International Inc.
TSX : FTT

Finning International Inc.

January 31, 2006 12:40 ET

Finning Announces Executive Change

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2006) - Finning International Inc. ("Finning") (TSX:FTT), today announced that Wayne Bingham, Finning's Executive Vice President and Chief Financial Officer, has resigned his position with Finning, effective immediately, for personal reasons.

Finning is beginning a search process to identify a permanent replacement for Mr. Bingham. In the meantime the executive finance team of Anna Marks, Vice President Corporate Controller, Shelley Williams, Vice President Treasurer and Tom Merinsky, Vice President Investor Relations, together with Doug Whitehead, the Chief Executive Officer, will perform the duties previously carried out by Mr. Bingham on an interim basis.

Following discussions with the board of directors, Mr. Whitehead has informed the board that, although his anticipated retirement date is approaching, he does not intend to retire until such time as a permanent Chief Financial Officer is appointed and that person has had sufficient time to become integrated with the Finning organization. Accordingly, Mr. Whitehead does not expect to retire before December 31, 2007.

Finning International Inc. is one of the world's largest Caterpillar equipment dealers. The Company sells, rents, finances and provides customer support services for Caterpillar equipment and engines in Western Canada, the U.K., and South America (Argentina, Bolivia, Chile and Uruguay). Finning also owns Hewden, the largest equipment rental business in Europe. Headquartered in Vancouver, British Columbia, Canada, Finning International Inc. is a widely held, publicly traded corporation, listed on the Toronto Stock Exchange (symbol FTT). For additional information please visit our website at www.finning.com.

This release may contain forward-looking statements and information, which reflect the current view of Finning International Inc. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and Finning's actual results of operations could differ materially from historical results or current expectations. Finning assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein do not materialize.

Refer to Finning's annual report, management information circular, annual information form and other filings with the Ontario Securities Commission and Toronto Stock Exchange for further information on risks and uncertainties that could cause actual results to differ materially from forward-looking statements contained in this report.


Contact Information