Goodfellow appoints Douglas Goodfellow as Chairman of the Board alongside Alain Côté named Lead Director

– CANADA, Delson –  Goodfellow Inc. (TSX: GDL) today announced today the appointment of Douglas Goodfellow as Chairman of the Board effective immediately., succeeding Claude Garcia who has been Chairman since 2012.

Mr. Garcia will continue to serve as Director and Chairman of the Compensation Committee, while Alain Côté will take on the new role of Lead Director.

“It has been an honour to serve as Chairman for the last eight years, but the time has come to slow down my business activities. Douglas has a longstanding knowledge of the Company and its industry, and his insights will greatly benefit the Board of Directors and Goodfellow. Alain is a former audit partner at Deloitte and has held board positions with a number of other companies. His experience will serve him well in assuming these new responsibilities for the Company”, said Claude Garcia.

“It is a privilege to be nominated by the Board as the incoming Chairman. I look forward to assuming my new responsibilities as Chairman of the Board and I intend to ensure that we continue to deliver on our responsible and conservative strategy emphasised on market share growth, value-added product lines, and cost control and right-sizing of inventories in what we expect to be an unprecedented year of challenges and obstacles. On behalf of the Board, the Management team and all its employees, I would like to thank Claude for his guidance, expertise, commitment, and support over the past eight years,” said Douglas Goodfellow.

About Goodfellow

Goodfellow Inc. is a distributor of lumber products, building materials, and floor coverings. Goodfellow’s shares trade on the Toronto Stock Exchange under the symbol GDL.

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Talent4Boards Team