MONTREAL, QUEBEC--(Marketwired - Sept. 1, 2016) - Stella-Jones Inc. (TSX:SJ) ("Stella-Jones" or the "Company") is pleased to announce the appointment of Ms. Katherine A. Lehman to its Board of Directors.
Ms. Lehman is Managing Partner of the private equity firm of Hilltop Private Capital LLC, based in New York, NY. Before joining Hilltop Private Capital, she spent 15 years at the private equity firm of Lincolnshire Management, where she served in various roles, including Managing Director and Deal Team Leader, as well as Investment Committee Observer. She currently serves as an independent Board member of Navient Corp. (NASDAQ:NAVI).
Ms. Lehman graduated from The Wharton School, University of Pennsylvania, where she received a BS in Economics and earned an MBA from Columbia Business School.
"We are delighted to welcome Kate to the Stella-Jones Board of Directors", said Tom. A. Bruce Jones, Chairman of the Board. "She is an accomplished private equity executive who brings extensive experience to our Board. I am confident that she will make an important and positive contribution and all of our Board members look forward to working with her".
Ms. Lehman's appointment is effective October 1, 2016 and will bring the total number of Board members to ten.
Also serving on the Stella-Jones Board are Tom A. Bruce Jones, Chairman of the Board, James Jones & Sons Limited; Gianni Chiarva, Chairman, Stella Jones International S.A.; Brian McManus, President and CEO, Stella-Jones Inc.; George J. Bunze, Vice-Chairman and Director, Kruger Inc.; James A. Manzi, Jr., Corporate Director; Nycol Pageau-Goyette, President, Pageau Goyette et associés limitée; Simon Pelletier, Senior Vice-President, Global Sales and Marketing, Metso Service Business Area; Daniel Picotte, Partner, Fasken Martineau DuMoulin LLP and Mary Webster, Corporate Director.
Stella-Jones Inc. (TSX: SJ) is a leading producer and marketer of pressure treated wood products. The Company supplies North America's railroad operators with railway ties and timbers, and the continent's electrical utilities and telecommunication companies with utility poles. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products for construction and marine applications. The Company's common shares are listed on the Toronto Stock Exchange.
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, the ability of the Company to raise the capital required for acquisitions, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.