MONTRÉAL,
QC, Sept. 23, 2024 /CNW/ - Imaflex
Inc. ("Imaflex" or the "Corporation") (TSXV:
IFX) announces the appointment of Mr. Stephan Yazedjian as President and CEO of the
Corporation. Mr. Yazedjian joins Imaflex as of October 28, 2024. Outgoing President and
CEO, Mr. Joe Abbandonato, will move
to Executive Chairman of Imaflex, ensuring a smooth leadership
transition.
"On behalf of the Board and Imaflex team, I am
pleased to welcome Stephan," said Mr. Abbandonato. "He brings
a wealth of experience and a proven track record of driving growth
in diverse industries. With a strong business acumen and deep
capital markets understanding, Stephan has spearheaded successful
business transformations across a global landscape in
manufacturing, consumer goods, financial services and more.
He brings the ideal skillset to drive Imaflex forward during this
important phase of its growth."
"I am excited to join Imaflex as we embark on
this exciting new chapter," said Mr. Yazedjian. "Prior to my
appointment, I had the opportunity to meet with the board of
directors and management teams throughout the Imaflex network.
I was impressed by the strong leadership, dedicated
workforce, and commitment to innovation. The Corporation has
made important capital investments in recent years, and with the
final equipment purchases coming online, I look forward to working
with the team to unlock new opportunities for our
stakeholders."
A multilingual leader, Mr. Yazedjian previously
worked as Chief Financial Officer at Fantuan, Chief of staff &
Advisor to the COO at Reinsurance Group of America (RGA Inc.), and
Chief Restructuring Officer at United Gulf Steel Company Ltd.
Prior to this, he held senior positions with Mecachrome Inc.,
Scotia Capital, BMO Nesbitt Burns, and Ernst and Young (Corporate
Finance). Additionally, Stephan has served in strategic advisory
roles on several boards.
Mr. Yazedjian holds an MBA and a Bachelor of
Commerce from McGill University.
He is a Certified Public Accountant (CPA - USA) and a Chartered Professional Accountant
(CPA - Canada), as well as a
member of the Ordre des Comptables Professionnels Agréés du Québec.
Additionally, he was certified as a Chartered Business Valuator by
the Canadian Institute of Chartered Business Valuators.
About Imaflex Inc.
Founded in 1994, Imaflex is focused
on the development and manufacturing of innovative solutions for
the flexible packaging space. Concurrently, the Corporation
develops and manufactures films for the agriculture industry. The
Corporation's products consist primarily of polyethylene (plastic)
film and bags, including metalized plastic film, for the
industrial, agricultural and consumer markets. Headquartered in
Montreal, Quebec, Imaflex has
manufacturing facilities in Canada
and the United States. The Corporation's common stock is
listed on the TSX Venture Exchange under the ticker symbol IFX.
Additional information is available at www.imaflex.com.
Cautionary Statement on Forward Looking
Information
Certain information included in this press
release constitutes "forward-looking" statements within the meaning
of Canadian securities laws. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the management of the Corporation,
are inherently subject to significant business, economic and
competitive uncertainties, risks and contingencies. The
Corporation cautions the reader that such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual financial results, performance or
achievements of Imaflex to be materially different from the
Corporation's estimated future results, performance or achievements
expressed or implied by those forward-looking statements and that
the forward-looking statements are not guarantees of future
performance. These statements are also based on certain
factors and assumptions. For more details on these estimates,
risks, assumptions and factors, see the Corporation's most recent
Management Discussion and Analysis filed on SEDAR at www.sedar.com
and on the investor section of the Corporation's website at
www.imaflex.com. The Corporation disclaims any obligation to
update or revise any forward-looking statements, whether as a
result of new information, events or otherwise, except as expressly
required by law. Readers are cautioned not to put undue
reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
www.imaflex.com
SOURCE Imaflex Inc.