Finning International Inc.
TSX : FTT

Finning International Inc.

November 07, 2006 12:00 ET

Finning Announces New Organizational Structure for Its UK Operations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2006) - Finning International Inc. ("Finning") (TSX:FTT) announces that it is implementing a new organizational structure for its UK operations. Effective November 1, 2006, Finning Group, UK will be organized along four core lines of business; Heavy Construction, General Construction, Power Systems and Hewden.

"This customer focused organizational structure represents an important step in improving the performance of our operations in the U.K.", said Doug Whitehead, President and CEO of Finning International Inc. "It will enable us to develop stronger relationships with customers in our core areas of business in the U.K. and deliver enhanced customer support in a more efficient manner."

"The new organizational structure will accelerate our ability to leverage synergies across our business units and deliver superior customer solutions in all our key markets", added Andy Fraser, Managing Director, Finning Group, UK.

The four business units will, over time, be supported by a single back office operation that will provide centralized head office services, allowing further synergies among the business units.

Doug Sprout has been appointed Finance Director, Finning Group, UK. Doug will be responsible for finance and procurement as well as for business processes and systems.

Neil Dickinson has been appointed Director, Heavy Construction with responsibility for providing products and services relating to Caterpillar heavy construction equipment.

Neal Walker has been appointed General Manager, General Construction with responsibility for establishing a strong general construction channel centered around CAT's small and medium-sized construction equipment.

David Oates has been appointed Director, Power Systems with responsibility for Finning's UK Caterpillar power systems business.

Brian Sherlock has been appointed Director, Hewden Stuart Plc. Brian's responsibilities for this significant business channel will focus on strategies to increase our market share in the rental market.

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 the U.K. 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