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Imaflex Inc V.IFX

Alternate Symbol(s):  IFLXF

Imaflex Inc. is focused on the development and manufacturing of solutions for the flexible packaging and agriculture industries. The Company’s products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Its polyethylene films are mainly sold to printers known as converters, who process the film into a finished product to meet their end-customer needs. Additionally, its films are sold directly to customers to protect and market their own products or bought by distributors for re-sale. Its agricultural films are finished products, predominantly sold directly by the Company to growers. Its portfolio includes common mulch, compostable and fumigant barrier films, as well as metalized crop protection films that add pest/weed control and/or accelerated growth benefits beyond those provided by its common mulch films. It has manufacturing facilities in Canada and the United States.


TSXV:IFX - Post by User

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Post by Angleson Sep 23, 2024 1:37pm
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Post# 36236703

Imaflex Positions for Growth

Imaflex Positions for GrowthSounds good!

Imaflex Positions for Growth with the Appointment of New President and CEO

MONTRAL, QCSept. 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.

Imaflex Inc. Logo (CNW Group/Imaflex Inc.)

"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 Agrs du Qubec. 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.


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