Saputo Announces Forthcoming Election of its Nominees to the Warrnambool Board
31 Marzo 2014 - 7:15AM
Marketwired
Saputo Announces Forthcoming Election of its Nominees to the
Warrnambool Board
MONTREAL, QUEBEC--(Marketwired - Mar 31, 2014) - Saputo Inc.
(TSX:SAP) ("Saputo" or the "Company") announces today, as a result
of its 87.92% shareholding in Warrnambool Cheese and Butter Factory
Company Holdings Limited ("WCB"), it has requested a number of
modifications to WCB's constating documents to, among other things,
allow a restructure of the WCB board. The modifications will be put
to WCB shareholders for consideration at a general meeting to be
held on May 9, 2014.
Five nominees will be standing for election or re-election at
the general meeting: from Saputo Inc., Lino A. Saputo, Jr., Chief
Executive Officer and Vice Chairman of the Board and Louis-Philippe
Carrière, Executive Vice President, Finance and Administration, as
well as Terry Richardson, Bruce Valance and Neville Fielke, who are
current WCB board members.
The proposed composition of the WCB board will allow WCB to
benefit from the experience of current WCB board members seeking
re-election, in terms of their knowledge of local market dynamics,
the dairy industry, the WCB business and its key relationships,
while adding Saputo nominees to the board.
About Saputo
Saputo produces, markets, and distributes a wide array of dairy
products of the utmost quality, including cheese, fluid milk,
extended shelf-life milk and cream products, cultured products and
dairy ingredients. We are one of the top ten dairy processors in
the world, the largest in Canada, the third largest in Argentina,
the fourth largest in Australia and among the top three cheese
producers in the United States. Our products are sold in more than
40 countries under well-known brand names such as Saputo,
Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone,
DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest,
King's Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait,
Ricrem, Salemville, Sungold, Stella and Treasure
Cave. Saputo Inc. is a publicly traded company whose shares
are listed on the Toronto Stock Exchange under the symbol
"SAP".
Media and Investor RelationsSandy VassiadisDirector, Corporate
Communications514-328-3347
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