GREY:CWSAF - Post by User
Post by
abuseddogon Feb 22, 2011 6:12pm
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Post# 18176475
CEO Bails
CEO BailsBad news before the year ??? Really odd timing.
Departure of Mr. Blain Lawson, CEO, from Employment with Coast Wholesale Appliances Inc.7:14PM ET on Friday Feb 18, 2011 by MarketwireCoast Wholesale Appliances Inc. (TSX: CWA) (Coast) today announced the departure of its President and CEO, Mr. Blain Lawson, from his employment with Coast.
Patrick Dennett, Chair of Coast, stated that: "We appreciate all of Blain's contributions over the past four years and wish him well in his future endeavours. We will commence a replacement search immediately. Until a permanent replacement is named, Mr. Lawson's responsibilities will be managed by Harlow Burrows, as interim CEO, as well as by a Transition Committee of the Board who will work with management to ensure the proper ongoing operation of Coast's business and affairs." Mr. Burrows is one of the original founders of the Coast business and a Director. He previously served as CEO.
Coast is a leading independent supplier of major household appliances and accessories to developers and builders of multi-family and single-family housing, and to retail customers. Founded in 1978, Coast currently operates 16 stores, with 15 locations across the four western provinces and one store in the Greater Toronto Area.