Finning International Announces Realignment of Executive Responsibilities

Finning International Announces Realignment of Executive Responsibilities 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/14/13 -- Finning
International (TSX:FTT) announced today that it will realign certain
executive responsibilities to put additional focus on strengthening
customer relationships and meeting its operational excellence agenda
in Canada. Effective immediately, Juan Carlos Villegas will assume
the role of president of Finning Canada and will retain his position
as chief operating officer of the company. Andy Fraser, currently
president of Finning Canada, becomes executive vice president of
customer and external relations for Finning International. 
"This realignment of executive responsibilities capitalizes on these
leaders' strengths and aligns our structure at the senior level to
meet our key priorities," said Scott Thomson, president and CEO of
Finning International. "Andy has done a tremendous job of
successfully navigating our Canadian operations through some
challenges and has laid a solid foundation for greater operational
improvements. His ability to build solid business partnerships as
well as his experience in diverse markets will be invaluable in his
new position. Additionally, I am confident that Juan Carlos'
experience and focus on execution will enable him to expand on the
progress underway to further strengthen the Finning Canada business." 
The newly created role of executive vice president of customer and
external relations provides support in key areas that are critical to
Finning's continued success. In this role, Mr. Fraser will focus on
strengthening relationships with the company's largest customers and
assume ownership for fostering community and government relations, as
well as provide additional support for our dealer principals' ongoing
collaboration with Caterpillar. Reflecting the fundamental importance
of safety at Finning, this role will also provide strategic oversight
and coordination across the operations to meet the commitment to
continued safety excellence. In his career spanning over 30 years
with Finning, Mr. Fraser has held a variety of senior roles across
the company's operations and laid the groundwork for a renewed
business strategy in the UK as managing director of Finning UK Group. 
The appointment of Mr. Villegas to president of Finning Canada, based
in Edmonton, streamlines decision-making and accountability as we
work to accelerate progress towards achieving our operational
excellence agenda in our Canadian operations. In his new role, Mr.
Villegas will focus his time on overseeing all aspects of the
Canadian operations with a mandate for delivering on our key
priorities in supply chain, service excellence, asset utilization,
market share growth and talent development. Mr. Villegas has over 30
years of industry experience in operational and leadership roles.
Prior to being named chief operating officer in 2012, he was
president of Finning South America where he led the successful growth
of the business achieving record results.  
Finning International Inc. (TSX:FTT) is the world's largest
Caterpillar equipment dealer delivering unrivalled service to
customers since 1933. Finning sells, rents and services equipment and
engines to help customers maximize productivity. Headquartered in
Vancouver, B.C., the Company operates in Western Canada, Chile,
Argentina, Bolivia, Uruguay, as well as in the United Kingdom and
Ireland.  
Forward-Looking Disclaimer 
This report contains statements about the Company's business outlook,
objectives, plans, strategic priorities and other statements that are
not historical facts. A statement Finning makes is forward-looking
when it uses what the Company knows and expects today to make a
statement about the future. Forward-looking statements may include
words such as aim, anticipate, assumption, believe, could, expect,
goal, guidance, intend, may, objective, outlook, plan, project, seek,
should, strategy, strive, target, and will. Forward-looking
statements in this report include, but are not limited to, statements
with respect to: expectations with respect to the economy and
associated impact on the Company's financial results; expected
revenue and SG&A levels and EBIT margin growth; anticipated
generation of free cash flow and its expected use; the impact of new
and revised IFRS that have been issued but are not yet effective; and
the expected target range of the Company's Debt Ratio. All such
forward-looking statements are made pursuant to the 'safe harbour'
provisions of applicable Canadian securities laws.  
Unless otherwise indicated by us, forward-looking statements in this
report describe Finning's expectations at November 14, 2013. Except
as may be required by Canadian securities laws, Finning does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events, or
otherwise.  
Forward-looking statements, by their very nature, are subject to
numerous risks and uncertainties and are based on several assumptions
which give rise to the possibility that actual results could differ
materially from the expectations expressed in or implied by such
forward-looking statements and that Finning's business outlook,
objectives, plans, strategic priorities and other statements that are
not historical facts may not be achieved. As a result, Finning cannot
guarantee that any forward-looking statement will materialize.
Factors that could cause actual results or events to differ
materially from those expressed in or implied by these
forward-looking statements include: general economic and market
conditions; risks associated with the conduct of business in foreign
jurisdictions; foreign exchange rates; commodity prices; the level of
customer confidence and spending, and the demand for, and prices of,
Finning's products and services; Finning's dependence on the
continued market acceptance of Caterpillar's products and
Caterpillar's timely supply of parts and equipment; Finning's ability
to continue to improve productivity and operational efficiencies
while continuing to maintain customer service; Finning's ability to
manage cost pressures as growth in revenues occur; Finning's ability
to reduce costs in response to slowing activity levels; Finning's
ability to attract sufficient skilled labour resources to meet
growing product support demand; Finning's ability to negotiate and
renew collective bargaining agreements with satisfactory terms for
Finning's employees and the Company; the intensity of competitive
activity; Finning's ability to realize expected benefits of
acquisitions; Finning's ability to raise the capital needed to
implement its business plan; regulatory initiatives or proceedings,
litigation and changes in laws or regulations; stock market
volatility; changes in political and economic environments for
operations; the integrity, reliability, availability and benefits
from information technology and the data processed by that
technology. Forward-looking statements are provided in this report
for the purpose of giving information about management's current
expectations and plans and allowing investors and others to get a
better understanding of Finning's operating environment. However,
readers are cautioned that it may not be appropriate to use such
forward-looking statements for any other purpose.  
Forward-looking statements made in this report are based on a number
of assumptions that Finning believed were reasonable on the day the
Company made the forward-looking statements. Refer in particular to
the Outlook section of the MD&A. Some of the assumptions, risks, and
other factors which could cause results to differ materially from
those expressed in the forward-looking statements contained in this
report are discussed in the Company's current Annual Information Form
(AIF) in Section 4.  
Finning cautions readers that the risks described in the AIF are not
the only ones that could impact the Company. Additional risks and
uncertainties not currently known to the Company or that are
currently deemed to be immaterial may also have a material adverse
effect on Finning's business, financial condition, or results of
operations.  
Except as otherwise indicated, forward-looking statements do not
reflect the potential impact of any non-recurring or other unusual
items or of any dispositions, mergers, acquisitions, other business
combinations or other transactions that may be announced or that may
occur after the date hereof. The financial impact of these
transactions and non-recurring and other unusual items can be complex
and depends on the facts particular to each of them. Finning
therefore cannot describe the expected impact in a meaningful way or
in the same way Finning presents known risks affecting its business.
Contacts:
Finning International Inc.
Mauk Breukels
Vice President, Investor Relations and Corporate Affairs
604-331-4934
mauk.breukels@finning.com
 
 
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