Martinrea International Inc.: Nick Orlando to Step Down as President and Chief Executive Officer (To Remain as Consultant)
31 März 2014 - 12:15PM
Marketwired
Martinrea International Inc.: Nick Orlando to Step Down as
President and Chief Executive Officer (To Remain as Consultant)
TORONTO, ONTARIO--(Marketwired - Mar 31, 2014) - Martinrea
International Inc. (TSX:MRE) today announced that Nick Orlando will
be stepping down as Martinrea's President and Chief Executive
Officer, effective date to be determined and will then remain
involved with the Company as a consultant. The Company announced
that it will conduct a search for a new President and Chief
Executive Officer, commencing immediately.
Rob Wildeboer, the Company's Executive Chairman stated:
"Martinrea has completed more than a decade of phenomenal growth,
despite the challenges of a very competitive industry. That growth
has been made possible only through the hard work and dedication of
the entire Martinrea team, which has been led by Nick for the past
several years. We have had many successes. We thank Nick for giving
us his best, even while dealing with some personal health issues,
and we wish him well. Meanwhile, he will help us in the search for
a new President and CEO, help with the transition, and will assist
us as a consultant after that. His knowledge base, skill and
expertise are and will remain a great asset for us."
"Martinrea is a tremendous company with a bright future," Mr.
Orlando said. "It is a very different company now than the small
start-up it was in the beginning. I am very proud of the many great
accomplishments achieved by our team during my time here,
particularly given the challenges of growing a company in a very
tough industry. I am very grateful for the support that both we as
a team and I personally have received over the years, from our
people, our customers and our stakeholders. I have always given my
best for this company and will continue to support it going
forward. My immediate focus is on improving our operations and
processes in problem plants."
The common shares of Martinrea trade on The Toronto Stock
Exchange under the symbol "MRE".
Martinrea International Inc.Rob WildeboerExecutive Chairman(416)
749-0314(289) 982-3001www.martinrea.comMartinrea International
Inc.3210 Langstaff RoadVaughan, Ontario L4K 5B2
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