The Forzani Group announced that Mr. Robert Brawn would not seek re-election to the company's Board of
Directors. His retirement will be effective at the Company's Annual General and Special Meeting of Shareholders on June 8th, 2005.
Mr. Brawn has served as a member of the company's Board since 1993. Mr. John
Forzani, Chairman of the Board stated, “On behalf of the Company and all the
Board members, I would like to thank Bob for his many years of dedicated
service. Bob was a strong and valued participant in the growth of our Company.”
With the retirement of Mr. Brawn, the company is very pleased to announce that
Mr. Paul Walters has agreed to join its Board of Directors, as an independent
member, subject to shareholder approval. Mr. Walters will stand for election as
a director at the Company's Annual General and Special Meeting on June 8th,
2005.
Mr. Walters brings extensive experience in the retail industry, having served
as past Chairman, President and CEO of Sears Canada Inc. In addition, Mr.
Walters held a number of executive management positions with Hudson's Bay
Company. He is also a Past Director of Richard Ivey School of Business at the
University of Western Ontario, as well as the University of British Columbia,
the Retail Council of Canada, The International Mass Retail Association and The
Conference Board of Canada.
Mr. Forzani commented that, “With considerable experience in all aspects of the
business and exceptional leadership qualities, Paul Walters has the full
confidence of the Board to provide added value. We welcome him to the Board and
look forward to working with Paul for the continued success of the Company.”
