Home Brand News High Liner Foods Announces Upcoming Retirement of Chairman Henry Demone; Robert Pace...

High Liner Foods Announces Upcoming Retirement of Chairman Henry Demone; Robert Pace to be appointed Chairman at AGM


High Liner Foods Incorporated (TSX: HLF) (“High Liner Foods”, “High Liner” or “the Company”), the leading North American value-added frozen seafood company, today filed its Management Information Circular (“MIC”) and announced that Chairman Henry Demone intends to retire from the Board of Directors of the Company (the “Board”) following the conclusion of the Annual General Meeting (“AGM”) on May 14, 2019.  The Board intends to appoint Robert Pace as Chairman at that time.

“On behalf of High Liner and the Board, I’d like to thank Henry for his decades of service, leadership and vision,” said David Hennigar, Vice Chairman.  “Henry is a true pioneer of our industry. His contributions to High Liner and the industry at large over the last 35 years are innumerable. We have seen High Liner grow, reinvent itself, and become North America’s largest marketer of frozen, value-added seafood products. It has been a pleasure serving with Henry and we all wish him happiness and good health in his retirement.”

“It’s been an honour to serve in various capacities at High Liner over the years – this is truly a special Company, with humble roots, great people, and a bright future,” said Mr. Demone. “High Liner has evolved, grown, and faced its share of challenges as the industry went through good times and bad.  Throughout, I’m proud of the way that High Liner has persevered, maintaining its customer-focused and innovative drive that has stood at the centre of everything we’ve done since we started almost 120 years ago.  While it’s difficult to say goodbye, I know that High Liner is well positioned to return to profitable organic growth under the first-class leadership of our CEO, Rod Hepponstall.”

Incoming Chairman Robert Pace has most recently held the position of Chair of the Audit Committee of the Board and has been a director of High Liner for a number of years.  He is President and Chief Executive Officer of The Pace Group Limited, a private holding company, and Chairman of Maritime Broadcasting System, which owns and operates 23 radio stations in the Maritimes. Mr. Pace is also Chairman of the Board of Directors of Canadian National Railway Company and a director of several private companies.

“The Board looks forward to Robert’s leadership,” said Mr. Hennigar.  “Robert’s distinguished career and long history with High Liner will ensure the Company benefits from continuity in the Chairman role along with strong leadership and strategic vision.”


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