MONTREAL, May 28, 2021 /CNW Telbec/ - Supremex Inc.
("Supremex" or the "Company") (TSX: SXP), a leading North
American manufacturer and marketer of envelopes and a growing
provider of packaging and specialty products, today announced the
appointment of Mary Chronopoulos as
Chief Financial Officer and Corporate Secretary effective
May 31, 2021.
Mrs. Chronopoulos is a highly accomplished financial executive
with over 16 years of experience in finance with large private and
public companies. She was previously Chief Financial Officer of
Energir, a diversified energy company with over $2.5 billion in sales and Chief Financial Officer
of Group BMR, a large home renovation and hardware company.
She also held various senior roles in finance such as Vice
President of Finance at Aldo Group and at Saputo's Bakery Division.
Mrs. Chronopoulos holds the CPA, CMA designation and earned an MBA
from the John Molson School of Business.
"I am very pleased to welcome Mary
Chronopoulos to the role of CFO. Her strong qualifications
in corporate finance, business strategy and operations management
will be put to contribution as we grow our packaging platform, work
to improve our business processes and extract operational
leverage," said Stewart Emerson,
President & CEO of Supremex. "I would also like to thank
Steven Perreault and Lyne Bégin, who
have supported us during the transition phase."
Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities laws, including (but
not limited to) statements about the EBITDA, Adjusted EBITDA,
Adjusted Net Earnings and future performance of Supremex and
similar statements or information concerning anticipated future
results, circumstances, performance or expectations.
Forward-looking information may include words such as anticipate,
assumption, believe, could, expect, goal, guidance, intend, may,
objective, outlook, plan, seek, should, strive, target and will.
Such information relates to future events or future performance and
reflects current assumptions, expectations and estimates of
management regarding growth, results of operations, performance,
business prospects and opportunities, Canadian economic environment
and liability to attract and retain customers. Such
forward-looking information reflects current assumptions,
expectations and estimates of management and is based on
information currently available to Supremex as at the date of this
press release. Such assumptions, expectations and estimates are
discussed throughout the MD&A for year ended December 31, 2020 and in the MD&A for the
three-month period ended March 31,
2021. Supremex cautions that such assumptions may not
materialize and that current economic conditions, including all of
the current uncertainty resulting from the ongoing COVID-19 health
crisis and its broader repercussions on the global economy, render
such assumptions, although believed reasonable at the time they
were made, subject to greater uncertainty.
Forward-looking information is subject to certain risks and
uncertainties and should not be read as a guarantee of future
performance or results and actual results may differ materially
from the conclusion, forecast or projection stated in such
forward-looking information. These risks and uncertainties include
but are not limited to the following: global health crisis,
economic cycles, decline in envelope consumption, increase of
competition, growth by acquisition, reliance on key personnel, raw
material price increases, exchange rate fluctuation, concerns about
protection of the environment, availability of capital,
credit risks with respect to trade receivables, interest rate
fluctuation, potential risk of litigation, contributions to
employee benefits plans, cyber security and data protection, no
guarantee to pay dividends. In addition, risks and uncertainties
arising as a result of the COVID-19 pandemic that could cause
results to differ from those expected include, but are not limited
to: potential government actions, changes in consumer behaviors and
demand, changes in customer requirements, disruptions of the
Company's suppliers and supply chain, availability of personnel and
uncertainty about the extent and duration of the pandemic. Such
risks and uncertainties are discussed throughout the MD&A for
the year ended December 31, 2020 and
in particular, in ''Risk Factors''. Consequently, the Company
cannot guarantee that any forward-looking information will
materialize. Readers should not place any undue reliance on such
forward-looking information unless otherwise required by applicable
securities legislation. The Company expressly disclaims any
intention and assumes no obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
The Management Discussion and Analysis and Financial Statements
can be found on www.sedar.com and on Supremex' website.
About Supremex
Supremex is a leading North American manufacturer and marketer
of envelopes and a growing provider of paper-based packaging
solutions. Supremex operates 12 manufacturing facilities across
five provinces in Canada and three
manufacturing facilities in the United
States employing approximately 865 people. Supremex' growing
footprint allows it to efficiently manufacture and distribute
envelope and packaging solutions designed to the specifications of
major national and multinational corporations, resellers,
government entities, SMEs and solutions providers.
For more information, please visit www.supremex.com.
SOURCE Supremex Inc.
