Rogers Sugar Inc.
TSX : RSI

Rogers Sugar Inc.

December 09, 2016 08:00 ET

Rogers Sugar Inc.: Mr. Stuart Belkin to Retire as Director and Chairman of the Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 9, 2016) - Rogers Sugar Inc. (the "Corporation" or "Rogers") (TSX:RSI) announces that after over twenty years of association with Rogers, Lantic Inc. ("Lantic") and BC Sugar Refinery Limited dating back to 1995, Mr. Stuart Belkin will be retiring as a Director and Chairman of the Board of the Corporation and Lantic upon conclusion of the Annual General Meeting on February 1, 2017.

The Boards of the Corporation and Lantic have selected Mr. Dallas H. Ross as Chairman Elect of the respective Boards, which will become effective upon the retirement of Mr. Belkin. Mr. Ross has a long association with the Corporation and its predecessor entity, Rogers Sugar Income Fund, dating back to 1997.

Mr. Belkin's position on the Board, subject to election of the Directors at the Annual General Meeting, will be filled by Mr. Gary Collins. Mr. Collins previously served as a Director of Lantic for more than 5 years from July 2007 to September 2012.

"I have enjoyed my long association with Rogers as Director and Chairman of the Board. Belkin Enterprises Ltd. has long been a significant shareholder of Rogers Sugar Inc., dating back to the days of the BC Sugar Refinery Limited" stated Mr. Belkin, Director and Chairman of the Board. "I wish my colleagues from Belkorp Industries, Mr. Donald Jewell and Mr. Michael Heskin, good luck in their continuing positions on the Lantic Board. The Corporation continues to remain in good hands with an experienced and talented Board and Senior Management team".

About Rogers Sugar Inc.

The Corporation is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic Inc. Lantic Inc. operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic Inc.'s sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups.

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