Park Lawn Corporation

Park Lawn Corporation

January 15, 2015 22:27 ET

Park Lawn Announces Changes to Board of Directors

TORONTO, ONTARIO--(Marketwired - Jan. 15, 2015) - Park Lawn Corporation (TSX VENTURE:PLC) (the "Company" or "Park Lawn") announced today that George Crossman has elected to resign from the Board of Directors in order to focus on his recent appointment as Managing Partner of Beard Winter.

"I have enjoyed working with George since he joined the Board in late 2011 and wish to thank him for his commitment and service to Park Lawn over the last three years," stated Andrew Clark, CEO.

The Board of Directors has unanimously agreed to appoint Timothy A. Powers to fill the seat left vacant by George Crossman's resignation. Mr. Powers is the Vice-Chairman of Summa Strategies and the Managing Director of Abacus Data, an opinion research company, both headquartered in Ottawa. He has served as an advisor to both national and provincial party leaders, as well as federal cabinet ministers. Mr. Powers has also provided strategic advice and counsel to many of North America's top corporations and organizations.

Mr. Powers has a Bachelor of Arts degree from Memorial University of Newfoundland, a Master of Arts degree (Atlantic Canada Studies) from St. Mary's University, and a Master of Sciences degree (Media and Communications) from the London School of Economics. He is a graduate of ICD-Rotman Directors Education program and has obtained the Institute of Corporate Directors, ICD.D designation. Mr. Powers has also studied Public Sector Management at Harvard University.

"I am delighted to have Tim join the Board at Park Lawn," stated Andrew Clark." I believe he will bring a unique and valuable perspective to the Board and I am looking forward to working with him as we continue to build the Company."

Mr. Powers' appointment is subject to TSX Venture Exchange approval.

About Park Lawn

Park Lawn Corporation provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold to people on a pre-planned basis (pre-need) or at the time of a death (at-need). The Company owns and operates six cemeteries in the Greater Toronto Area and operates the crematorium at the Brampton Crematorium and Visitation Centre. The Company also owns 50% of Amety Ltd, which operates Tubman/Cadieux Funeral Homes in Ottawa and Western Quebec. The Harmonia business of the Company currently operates in Quebec City, Laval, Saint- Apollinaire, Montreal and the Beauce Region under license. In October 2014, the Company acquired a 50% stake in six funeral homes in Manitoba and Saskatchewan. Park Lawn's common shares are listed on the TSX Venture Exchange under the symbol "PLC". The Company is the only Canadian publicly listed cemetery, funeral and cremation business. Park Lawn makes monthly dividend payments to its shareholders. The monthly dividend has been paid each month since January, 2011 and is currently $0.038 per share ($0.46 per share on an annual basis).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Park Lawn Corporation
    Andrew Clark
    Chairman & Chief Executive Officer
    (416) 231-1462