Stephan Yazedjian Officially Joins as
President & CEO
MONTRÉAL, Oct. 28,
2024 /CNW/ - Imaflex Inc. ("Imaflex" or the
"Corporation") (TSXV: IFX) is pleased to announce that Stephan Yazedjian has officially assumed his
role as President and Chief Executive Officer, effective
immediately. This marks an important milestone in the
Corporation's ongoing growth journey. Outgoing President and
CEO, Mr. Joe Abbandonato, will move
to Executive Chairman of Imaflex, ensuring a smooth leadership
transition.
As previously announced, Mr. Yazedjian brings over 30 years of
global leadership experience transforming businesses across diverse
industries, including manufacturing, consumer goods and more. His
proven track record of driving profitable growth and elevating
companies to new heights positions Imaflex for its next phase of
success.
"I'm excited to officially join Imaflex," said Mr. Yazedjian.
"I look forward to working with the Board, leadership team,
and employees to drive growth and build on the solid foundation
already in place."
Prior to joining Imaflex, Mr. Yazedjian held executive roles at
Fantuan, Reinsurance Group of America, United Gulf Steel, and
Mecachrome. He holds an MBA and a Bachelor of Commerce from
McGill University and is a Certified
Public Accountant (CPA - USA) and
Chartered Professional Accountant (CPA - Canada).
"The Board of Directors and leadership team are confident that
Mr. Yazedjian's experience and drive will further strengthen
Imaflex's position and contribute to its ongoing success,"
concluded Mr. Abbandonato.
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.
SOURCE Imaflex Inc.