Newlook Industries Corp.

Newlook Industries Corp.

April 28, 2011 15:45 ET

Newlook Announces Appointment of Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - April 28, 2011) - Newlook Industries Corp., ("Newlook" or the Company) (CNSX:NLI) is pleased to announce the appointment of Mark A. Donovan as Chief Financial Officer of the Company.

Chairman and Chief Executive Officer, John G. Simmonds stated, "Mr. Donovan's appointment brings a rigorous and extensive three month Search and Interview process to an exciting conclusion. Our Senior Management Search Team particularly our Chief Administrative Officer Mike Duffy who has extensive experience, having placed over 250 CEO's during his career did not believe that our process would attract applications of such a high quality from the United States. We were delighted and humbled by the interest of so many highly qualified Financial Officers. Mr. Donovan is a world class Financial Executive who has had leadership positions in both Canada and the U.S. with Collective Brands, Blockbuster International, Blockbuster Canada, and Silcorp Ltd (Mac's Convenient Stores). His business acumen and judgement are in high demand all over the world. The Company is very excited by Mr. Donovan's decision to embrace our vision and goals."

Mr. Donovan was born and raised in Toronto, Ontario. He is a graduate of Sir Wilfred Laurier in Waterloo, Ontario and has attained the 5th level C.G.A. He is a Lean Six Black Belt and has lectured at The University of Texas, Dallas and at Washburn University. He has also lectured and taught Lean Six in the United States, Central America, China and Canada. He has served as a Member of the McKinney, Texas Chamber of Commerce, the De La Salle College "Oaklands" Founding Board of Trustees, the Motion Picture Foundation of Canada, the Child Abuse Prevention Foundation and The Retail Executive Group of Canada.

While serving as Director of Continuous Improvement ("CI") for Collective Brands, Mr. Donovan developed, implemented and supervised programs which achieved record corporate results. While Director of Finance for Blockbuster Canada, he demonstrated his extraordinary Business Development, Construction and Expansion skills while co-ordinating the chain's growth from 29 to 325 stores in a short period of 5 years.

Mr Donovan's appointment will take effect as of May 1, 2011, and he will commence being an onsite, operating C.F.O. immediately.

Newlook Industries Corp., headquartered in King City, Ontario is a publicly-traded company listed on the Canadian National Stock Exchange (CNSX). For more information please refer to The management of the company, who take full responsibility for its content, prepared this press release. The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release. This press release contains forward-looking statements relating to future events and results that are based on Newlook's current expectations. These statements involve risks and uncertainties including, without limitation, Newlook's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.

Contact Information

  • Newlook Industries Corp.
    Michael E. Duffy
    Chief Administrative Officer
    905-833-3072 x225