Andrew Peller Limited Announces Senior Management Changes

November 17, 2016 | Marketwired

GRIMSBY, ONTARIO-- The Board of Directors of Andrew Peller Limited (TSX:ADW.A)(TSX:ADW.B) (the "Company") announced today that Mr. Randy A. Powell has been appointed President of the Company effective November 28, 2016. With his appointment, Mr. Powell resigned from the Company's Board of Directors. The Board of Directors also announced today that Mr. John Peller will be the new Board Chair and retain his position as Chief Executive Officer of the Company. A new independent Lead Director will be appointed at a later date.

Randy Powell is an experienced senior executive with a successful track record within public and privately-held companies in the consumer packaged goods and hospitality sectors. Previously he held leadership positions with several leading Financial Post 500 companies including: the global President of Maple Leaf Fresh Foods; President and CEO of Second Cup Coffee; and President of SC Johnson Canada. Most recently, Randy was also President of the Armstrong Group Limited (Rocky Mountaineer), and the founding partner of SouthPier Capital Inc., a private equity firm focused on building brands in the consumer products sector. He is a member of the Board of Directors of the Sauder School of Business at the University of British Columbia, and has served as a Board Director for Second Cup Coffee Company and Diedrich Coffee Company Ltd., and a member of the Dean's Advisory Council at York University.

"We are very pleased to have Randy Powell join the Company as President," commented John Peller, Chief Executive Officer. "Randy brings a wealth of experience to the Company, he is familiar with our business, our strategies and our people, and we are confident he will be instrumental as we take Andrew Peller to the next level of growth and performance."