WINNIPEG, December 2, 2010 – Empire Industries Ltd. (TSX-V: EIL) today announced the resignation of David Carefoot effective December 13, 2010. Mr Carefoot is leaving Empire to accept another position. The Company expressed its appreciation to Mr. Carefoot for his significant contributions to the Company.
The Company is pleased to announce the return of Campbell McIntyre, a Chartered Accountant, as CFO of Empire, a position he occupied prior to the hiring of David Carefoot in 2008. In addition to his new responsibilities as CFO of Empire, Mr. McIntyre will retain his duties as President of Empire Iron Works, a key operating subsidiary of Empire. Assisting Mr. McIntyre in the financial function will be Mike Martin, as the newly appointed Director of Finance and Corporate Controller. Mr. Martin is a Chartered Accountant and has been with the company since September of 2010 as Corporate Controller.
The Company is also pleased to announce that Allan Francis has been appointed Vice President of Corporate Affairs and Administration, reporting to the Chief Executive Officer. Mr. Francis has 16 years of experience in the steel fabrication industry, and has been with Empire since 2006, serving as the Company�s Corporate Secretary. Mr. Francis has a law degree from the University of Manitoba and an MBA from Ivey School of Business. Mr. Francis� new position reflects the importance the Company places on corporate governance, regulatory compliance and financial disclosure.
�We thank David for his efforts over the past two years and we wish him well in his future endeavours. David brought Empire�s public disclosure documentation to a very high standard of quality, one that we will continue to follow going forward,� said Guy Nelson, Chief Executive Officer. �I am pleased that Campbell McIntyre will be taking on the CFO responsibilities going forward. Campbell is a terrific asset to the Company. His 34 years of experience with Empire Iron and Empire Industries give him a depth of knowledge that is unparalleled in our industry. It is a testament to the depth of our management team that we are able to fill these critical positions from inside our ranks.�