Winalta Announces Restructuring of Executive Team
Today, Artie T. Kos announced he is stepping back from the President and Chief Executive Officer position at Winalta Inc. and will take on the role of Chairman of the Board of Directors. Mel Benson, who is currently the Chairman of the Board will step down as Chairman but will remain on the Board of Directors as lead Director.
Winalta is also very pleased to announce that Ron Berg, Vice President Corporate Development Industrial Division, has been given the promotion to President and Chief Executive Officer, Winalta Inc. Mr. Berg has 32 years of experience in the oil and gas industry having worked for Precision Drilling Trust for the past 25 years, finishing his career there as Senior Vice President prior to joining Winalta in October of 2008.
“Winalta’s mandate is to continue to redeploy capital from its land and homes inventory within the Homes division into the energy service sector. Ron’s experience and expertise are an ideal fit for Winalta’s strategic direction. Ron’s first priority will be to streamline operations and explore both organic and acquisition growth opportunities in the energy service sector. He is an eager, astute, and very driven individual, who will aggressively push Winalta to its potential” says Artie T. Kos.
Winalta Inc. (the "Company") operates with three distinct divisions. The Homes division sells CSA approved manufactured and modular homes and custom site-built homes and develops land and builds communities. The Industrial division operates a portable accommodation rental business and a construction services operation which provides earth moving and excavation related services, gravel and crushed aggregate sales and delivery, asphalt paving and concrete finishing. The Manufacturing division produces manufactured and modular homes and mobile industrial accommodations from facilities in Acheson, Alberta.
Winalta Inc. shares trade on the TSX Venture Exchange under the symbol "WTA.A".
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
The words "believe", "expect", "intend", "anticipate", or any variation of such words and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Winalta undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by securities laws.
For further information
Business Contact
Ron Berg, President & CEO, Winalta Inc.,
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Tel: (780) 960-6900 Fax: (780) 962-9523
Austin Fraser, VP Corporate Development and Investor Relations
Tel: (403) 475-4698
