The Forzani Group Ltd./Le Groupe Forzani Ltee
TSX : FGL

The Forzani Group Ltd./Le Groupe Forzani Ltee

May 26, 2005 17:00 ET

The Forzani Group Announces Retirement of Board Member Bob Brawn and Appointment of Paul Walters as Board Member

CALGARY, ALBERTA--(CCNMatthews - May 26, 2005) - The Forzani Group Ltd. (TSX:FGL), Canada's largest retailer of sporting goods, today announced that Mr. Robert Brawn would not seek re-election to the Company's Board of Directors. His retirement will be effective at the Company's Annual General and Special Meeting of Shareholders on June 8th, 2005.

Mr. Brawn has served as a member of the Company's Board since 1993. Mr. John Forzani, Chairman of the Board stated, "On behalf of the Company and all the Board members, I would like to thank Bob for his many years of dedicated service. Bob was a strong and valued participant in the growth of our Company."

With the retirement of Mr. Brawn, the Company is very pleased to announce that Mr. Paul Walters has agreed to join its Board of Directors, as an independent member, subject to shareholder approval. Mr. Walters will stand for election as a director at the Company's Annual General and Special Meeting on June 8th, 2005.

Mr. Walters brings extensive experience in the retail industry, having served as past Chairman, President and CEO of Sears Canada Inc. In addition, Mr. Walters held a number of executive management positions with Hudson's Bay Company. He is also a Past Director of Richard Ivey School of Business at the University of Western Ontario, as well as the University of British Columbia, the Retail Council of Canada, The International Mass Retail Association and The Conference Board of Canada.

Mr. Forzani commented that, "With considerable experience in all aspects of the business and exceptional leadership qualities, Paul Walters has the full confidence of the Board to provide added value. We welcome him to the Board and look forward to working with Paul for the continued success of the Company."

The Forzani Group Ltd. is Canada's largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under three corporate banners: Sport Chek, Coast Mountain Sports, Sport Mart and National Sports. The Company also retails on-line at http://www.sportmart.ca and provides a content rich sporting goods information site at http://www.sportchek.ca. The Forzani Group is also a franchisor under the banners: Sports Experts, Intersport, RnR, Econosports, Atmosphere, Tech Shop and Nevada Bob's.

The foregoing information may contain forward-looking statements relating to the future performance of The Forzani Group Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. The Company, with the appropriate securities commissions, details these risks and uncertainties from time to time.

Contact Information

  • The Forzani Group Ltd.
    Robert Sartor, C.A.
    Chief Executive Officer
    (403) 717-1342
    or
    The Forzani Group Ltd.
    Bill Gregson, C.A.
    President & Chief Operating Officer
    (403) 717-1386