Tree Island Steel Ltd.

Tree Island Steel Ltd.

July 27, 2016 17:00 ET

Tree Island Steel Executive Announcement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 27, 2016) - Tree Island Steel Ltd. ("Tree Island" or the "Company") (TSX:TSL) As a result of the continued growth of Tree Island, the Company is pleased to announce that effective September 1, 2016, Remy Stachowiak has been named Chief Operating Officer and will continue to report to Dale R. MacLean, President and CEO. Mr. Stachowiak, previously the Vice President, Sales and Marketing, will assume responsibility for the operations as well as the marketing and customer services functions. Mr. Stachowiak will be responsible for the alignment and prioritization of market and customer delivery, and ensuring operational excellence across the company.

"Remy is a seasoned and trusted leader who consistently delivers results. He is uniquely qualified to drive strategic prioritization and accountability within Tree Island, with a laser-focus on building customer centric organizations and operational excellence," said Dale R. MacLean, President and CEO, Tree Island Steel,"I have tremendous confidence in Remy's ability to align and harness Tree Island's best-in-class sales approach with industry-leading operating practices to drive and extend the next-generation of Tree Island's market leadership. I look forward to continuing to work closely with Remy and our senior management team for the years ahead as we focus on executing on our growth plans.

"Tree Island's strategy has never been more compelling, and we have earned the confidence of our customers and suppliers," said Mr. Stachowiak, Chief Operating Officer. "I am incredibly energized to help lead the company to its next phase of innovation tied with operational excellence."

Mr. Stachowiak served in the position of Vice President, Sales and Marketing since joining the company in January 2013. He brings with him more than 28 years of leadership experience to his new Tree Island executive position; prior to joining Tree Island, he most recently served as the Chief Operating Officer and President of STT Stanco (a Division of Semcan Inc.), a company that provides integrated chemical handling systems for Air and Water pollution control, as well as, liquid storage. Prior to this role, Remy had a successful career with Siemens where he gained extensive experience both in Canada, and internationally, leading business development throughout North America, South America, Europe, the Middle East, and Africa. He is also very well versed in the Steel Industry, spending the first seven years of his career with Stelco Inc. as a Research Investigator and R&D Group Leader. He has a strong technical background in mechanical engineering in addition to sales and marketing. His education includes a Masters of Engineering in Mechanical Engineering from McMaster University, and a Bachelor of Applied Science in Mechanical Engineering (with Honours) from the University of British Columbia.

About Tree Island Steel

Tree Island Steel, headquartered in Richmond, British Columbia, since 1964, through its five operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction, agricultural, and specialty applications. Its products include galvanized wire, bright wire; a broad array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets these products under the Tree Island, Halsteel, K-Lath, Industrial Alloys, TI Wire, True Spec and Tough Strand brand names. The Company also owns and operates a China-based company that assists the international sourcing of products to Tree Island and its customers.

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