Superior Plus Corp.
TSX : SPB

Superior Plus Corp.

November 14, 2014 12:16 ET

Superior Plus Announces Change in Personnel

CALGARY, ALBERTA--(Marketwired - Nov. 14, 2014) - Superior Plus Corp. (Superior) (TSX:SPB) is announcing that effective today, Michael Farrell has been appointed President of Superior's Construction Products Distribution (CPD) business, replacing Paul Vanderberg who has left the company to pursue other interests. Mr. Farrell will be located in Dallas, Texas.

"We thank Mr. Vanderberg for his leadership and contribution to the CPD business during his tenure as President," stated Mr. Luc Desjardins, President and Chief Executive Officer.

Mr. Farrell is an accomplished business executive with over twenty-five years of progressively senior leadership roles in a variety of businesses, including construction products, communications and banking. Most recently, Mr. Farrell served as President and Chief Executive Officer of Roofing Supply Group, LLC (RSG), the fourth largest wholesale distributor of roofing supplies in the United States. During Mr. Farrell's tenure with RSG he successfully guided the organization through significant change, resulting in improved financial results due to a combination of enhanced operating efficiencies, improved gross margins and the development of a world-class supply chain.

"I look forward to working with Mr. Farrell in his new role as President of CPD. Mr. Farrell has a proven track record of improving business performance and I am confident that under his leadership CPD will continue to improve its operational and financial performance," stated Mr. Desjardins.

About the Corporation

Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.

For further information about Superior, please visit our website at: www.superiorplus.com.

Forward Looking Information

This press release may contain forward-looking statements. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as "anticipate", "believe", "continue", "could", "estimate", "foresee", "expect", "plan", "intend", "forecast", "future", "guidance", "may", "predict", "project", "should", "strategy", "target", "will" or similar expressions suggesting future outcomes. Forward-looking information in this Press Release includes but is not limited to, assumptions regarding future operational and financial performance. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Superior's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks and uncertainties include but are not limited to the risks identified in the Corporation's 2013 Annual Information Form under the heading "Risk Factors", which is available on the SEDAR website (www.sedar.com). Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

Contact Information

  • Superior Plus Corp.
    Wayne Bingham
    Executive Vice-President and Chief Financial Officer
    (403) 218-2951
    (403) 218-2973 (FAX)
    wbingham@superiorplus.com

    Superior Plus Corp.
    Jay Bachman
    Vice-President, Investor Relations and Treasurer
    (403) 218-2957
    (403) 218-2973 (FAX)
    jbachman@superiorplus.com
    Toll Free: 1-866-490-PLUS (7587)