Toromont Industries Ltd.
TSX : TIH

Toromont Industries Ltd.

October 27, 2005 11:09 ET

Toromont Announces New Chief Financial Officer

TORONTO, ONTARIO--(CCNMatthews - Oct. 27, 2005) - Toromont Industries Ltd. (TSX:TIH) announced today that effective October 31, 2005, Paul R. Jewer has been appointed Vice President Finance and Chief Financial Officer, replacing Wayne S. Hill in the CFO role. Mr. Hill continues as Executive Vice President.

Mr. Jewer is a chartered accountant and has served as Chief Financial Officer of a large Canadian listed company during the past five years. He is an experienced financial executive whose career has included broad involvement in manufacturing, marketing, information systems, investor relations, corporate governance and strategic planning activities, in addition to his extensive experience in all elements of financial operations.

Toromont Industries Ltd. (TSX:TIH) operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the world's largest Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations. The Compression Group is a North American leader specializing in the design, engineering, fabrication, and installation of compression systems for natural gas, fuel gas and carbon dioxide, in addition to process systems and industrial and recreational refrigeration systems. Both groups offer comprehensive product support capabilities. Toromont employs approximately 4,000 people in more than 100 locations. This press release and more information about Toromont Industries can be found on the Web at www.toromont.com.

Contact Information

  • Toromont Industries Ltd.
    Hugo T. Sorensen
    President & Chief Executive Officer
    (416) 667-5527