NEWS RELEASE - FOR IMMEDIATE RELEASE
THE NORTH WEST COMPANY INC. ANNOUNCES THE APPOINTMENT OF A NEW DIRECTOR WINNIPEG, January 25, 2012 (TSX:NWC): The North West Company Inc. ("North West") today announced the appointment of Eric Stefanson FCA to the Board of Directors of North West.
Mr. Stefanson was the managing partner of Central Canada
Region for BDO Canada LLP Chartered Accountants and Advisors
from 2004 to 2009. He has also held various positions with
Assante Canada, including the position of Chief Financial
Officer from 2001 to 2004.
Mr. Stefanson was a member of the Legislative Assembly of
Manitoba from 1990 to 2000, and held various portfolios
during that period, including the position of Finance
Minister and Chair of the Treasury Board for the period 1993
to 1999.
Mr. Stefanson is currently a member of the Board of Directors
for Via Rail Canada (Vice Chairman and Chair of Audit, Risk
and Finance Committee); Health Sciences Centre Foundation
(Chair); FWS Holdings Ltd. (Chair of Audit Committee);
Paragon Pharmacies Limited; as well as Chair of the
Investment Committee of the Winnipeg Civic Employee's
Benefits Program. He was a member of the Board of Directors
and Chair of the Audit Committee for The Winnipeg Foundation
from 2005 to 2011.
In August, 2000 Eric received the Icelandic Order of the
Falcon from the President of Iceland.
"I am pleased to welcome Eric to the North West Board", said
Sandy Riley, Chairman of the
Board. "He brings a unique set of experiences to the Board,
which will be of great value."
The North West Company is a leading retailer of food and
everyday products and services to rural communities and urban
neighbourhoods in Canada, Alaska, the South Pacific and the
Caribbean. North West operates 231 stores under the trading
names Northern, NorthMart, Giant Tiger, AC Value Center and
Cost-U-Less, and has annualized revenue of approximately CDN
$1.5 billion.
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Edward Kennedy,
President and CEO, The North West Company Inc. Phone
204-934-1482; fax 204-934-1317; email ekennedy@northwest.ca
Paulina Hiebert, Vice
President, Legal and Corporate Secretary, The North West
Company Inc. Phone 204-934-1756; fax 204-934-1317; email
phiebert@northwest.ca
or visit on-line at
www.northwest.ca
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