People Corporation
TSX VENTURE : PEO

People Corporation

October 06, 2014 08:30 ET

People Corporation Appoints Eric Stefanson to its Board of Directors

TORONTO, ONTARIO--(Marketwired - Oct. 6, 2014) - People Corporation (TSX VENTURE:PEO) ("People" or the "Company") announced today the appointment of Mr. Eric Stefanson FCA to its Board of Directors, effective immediately.

"It is with great pleasure that I announce that Mr. Stefanson has joined the Company's Board as its newest Director," said Laurie Goldberg, Chairman and CEO of the Company. "As an active corporate director with broad knowledge of corporate governance and public company operations, Eric's experience augments the Board's ability to provide guidance and direction to management as the Company continues to execute on its strategy to build a sector leader."

Mr. Stefanson joins the Board with almost 40 years' experience in government, industry and public practice, including extensive experience in a director capacity. Mr. Stefanson is currently a member of the Board of Directors for The North West Company (Chair of Audit Committee), Via Rail Canada ( Interim Chairman), FWS Holdings Ltd. (Chair of Audit Committee), PGNX Capital Corp. (formerly Paragon Pharmacies Limited), as well as Chair of the Investment Committee of the Winnipeg Civic Employees' Benefits Program.

His private sector experience includes being the Managing Partner of the Central Canada Region for BDO Canada LLP Chartered Accountants and Advisors. In addition, he held senior finance and operating roles with Assante Corporation, including the roles of Chief Financial Officer and Managing Director, Finance and Planning for Assante Canada, and Chief Operating Officer for Assante Asset Management Ltd.

Mr. Stefanson has also spent many years in public service. He served in prominent roles in the Manitoba government that included Minister of Health and Deputy Premier, Minister of Finance and Chair of Treasury Board, Minister of Industry, Trade and Tourism and Minister responsible for Sport. Mr. Stefanson was also a Winnipeg city councillor and served as Deputy Mayor.

Other community involvement activities of Mr. Stefanson include serving as Chairman of the Winnipeg 2000 Task Force on Economic Development, President of the Winnipeg Convention Centre, officer of the Red River Exhibition Association and member of the board of directors of the North Portage Development Corporation. He was also a member of the Board of Directors and Chair of the Audit Committee for The Winnipeg Foundation from 2005 to 2011, as well as a past member and Chair of the Board for the Health Sciences Centre Foundation from 2009 to 2012.

Mr. Stefanson holds a Bachelor of Arts degree from the University of Manitoba and has received his Fellow of the Chartered Accountants (FCA).

About People Corporation

People Corporation is a leading employee benefits, group retirement and human resource consulting firm in Canada. With a growing national footprint and fourteen offices across seven provinces, the Company is bringing together the leading consultants in the industry, offering innovative and customized human resource, benefit and pension solutions to its clients. Additional corporate information is available at www.peoplecorporation.com.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws, such as information concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as "may", "will", "expect", "believe", or other words of similar effect may indicate forward-looking information including the completion of the transaction, the impact of that transaction on our earnings and cash flow, and the anticipated benefits of the transaction. This information is not a guarantee of future performance and is subject to numerous risks and uncertainties, including those described in our publicly filed documents (which are available on SEDAR at www.sedar.com). Those risks and uncertainties include: our ability to maintain profitability and manage growth; strong competition from other consultants and changes in the current legislation could result in significant competition from the banking industry; failure of information systems and technology; dependence on key clients; seasonality of revenues and the resulting possible impairment on working capital; reliance on key professionals; additional financing may be required and may not be available under terms favourable to us; there can be no assurance that any suitable future acquisition will be available to us or that, if available, the terms of the acquisition will be favourable to us; and a change in general economic conditions. Many of these risks and uncertainties can affect our actual results and could cause our actual results to differ materially from those expressed or implied in any forward-looking information made by us or on our behalf. Given these risks and uncertainties, investors should not place undue reliance on forward looking information as a prediction of actual results. All forward-looking information in this news release is qualified by these cautionary statements. This information is made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward looking information, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.

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 press release.

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