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Appointment of a new chairman of the board Toronto Stock Exchange: GDL




DELSON, Quebec, October 15, 2020 (GLOBE NEWSWIRE) – Goodfellow Inc. (TSX: GDL) (on Company) is pleased to announce today the appointment of Mr. Douglas Goodfellow as Chairman of the Board, succeeding Mr. Claude Garcia, Chairman of the Board since 2012. Mr. Garcia will continue to serve as a director and Chairman of the Compensation Committee. Mr. Alain Ct will also assume the new role of lead administrator.

“It has been an honor to serve as President for the past eight years, but now is the time to slow down my business. Douglas has a longstanding knowledge of the company and its industry, and his knowledge will greatly benefit the Board of Directors. and Goodfellow. Alain is a former audit partner at Deloitte and has served on the board of directors of several other companies. His experience will be very useful for him to take on these new responsibilities for the company, declared Mr. Claude Garcia.

“It is a privilege to be appointed by the Board of Directors as the new Chairman. I look forward to assuming my new responsibilities as Chairman of the Board and intend to ensure that we continue to implement our responsible and conservative strategy focused on growing market share, value-added product lines and cost containment and fair sizing of inventory in what we expect to be an unprecedented year of challenges and Obstacles On behalf of the Board, Management and all of his staff, I would like to thank Claude for his advice, expertise, commitment and support over the past eight years, ”said Douglas Goodfellow.

In light of his new responsibilities, Mr. Douglas Goodfellow will be replaced as Secretary of the Company by Mr. Charles Brisebois, Chief Financial Officer.

These changes to the Board of Directors and the Management come into effect immediately.

Goodfellow Inc. is a distributor of lumber products, building materials and flooring. Goodfellows shares trade on the Toronto Stock Exchange under the symbol GDL.

Of:Goodfellow Inc.
Patrick goodfellow
President and CEO
Phone: 450 635-6511
Fax: 450 635-3730
The Internet: [email protected]

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