Stella-Jones Inc.

Stella-Jones Inc.

June 04, 2012 11:27 ET

Stella-Jones Announces Retirement of CFO George Labelle

MONTREAL, QUEBEC--(Marketwire - June 4, 2012) - Stella-Jones Inc. (TSX:SJ) today announced that George T. Labelle, Senior Vice-President and Chief Financial Officer will retire on August 10, 2012 after more than twelve years of service with the Company.

"On behalf of the Board of Directors and Stella- Jones employees, I would like to thank George for his many years of outstanding dedication and service," said Brian McManus, President and Chief Executive Officer. "During his twelve years with the Company, he has made a substantial contribution to the growth of Stella-Jones. George will remain with the Company in an advisory capacity for the balance of the year to assist with the transition of responsibilities".

As per the Company's succession plan, Eric Vachon, Stella-Jones' Vice- President and Treasurer, will assume the position of Senior Vice-President and Chief Financial Officer. Mr. Vachon joined Stella-Jones in February of 2007 and has previously served as the Company's Vice-President Finance, U.S. Operations and Director, Treasury and Financial Reporting.

Stella-Jones also announced today that Rémi Godin has been promoted to the position of Vice-President and Chief Accounting Officer of the Company. Rémi Godin has been with Stella-Jones since its inception and has previously served as its Vice-President and Corporate Comptroller.


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, timbers and recycling services; and the continent's electrical utilities and telecommunications companies with utility poles. Stella-Jones also provides industrial products and services for construction and marine applications, as well as residential lumber to retailers and wholesalers for outdoor 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.

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