TORONTO, ONTARIO – (September 8, 2020) – Park Lawn Corporation (TSX:PLC) (“PLC”) is pleased to announce the appointment of Daniel Millett as Chief Financial Officer of PLC. Mr. Millett will fill the position of Joseph Leeder, who is retiring after serving as PLC’s Chief Financial Officer since 2013. Mr. Leeder will continue his employment with PLC as Senior Advisor during a transition period through to the end of this year.
Mr. Millett formerly served as Chief Financial Officer of Agellan Commercial REIT and, prior to that, a Senior Manager, at KPMG LLP, in their building, construction and real estate audit practice. He has proven expertise in financial controls, risk management, financial reporting, and financial modeling for mergers and acquisitions in a public company setting. In addition, Mr. Millet has cross-border experience in Canada and the United States. He holds a Chartered Professional Accountant, Chartered Accountant designation, and earned a Bachelor of Business Administration from Wilfrid Laurier University.
“On behalf of the entire Board and PLC team, we want to thank Joe for his many valuable contributions to the success of PLC over the past seven years. And, on a personal level, I want to thank Joe for his leadership and personal guidance throughout these past few months. I am deeply appreciative that Joe will remain a part of the PLC team to assist in a smooth leadership transition and we wish him the best in his well-deserved retirement,” stated Brad Green, Chief Executive Officer of PLC. “We are also delighted to welcome Dan to the PLC team. His extensive experience working with public companies, supporting financial and regulatory reporting, audit services, and strategic transactions will be of great value to PLC as we continue to pursue our stated growth objectives.”
“It has been a privilege to serve as Chief Financial Officer of PLC since 2013,” said Mr. Leeder. “I want to thank all my PLC colleagues and teammates for their friendship and support as, together, we have grown PLC to become one of the largest companies in the cemetery and funeral industry within North America. I wish Brad and the team all the best in the months and years ahead as they continue to expand and grow PLC for the benefit of all its stakeholders.”
PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in five Canadian provinces and fifteen U.S. states.
Cautionary Statement Regarding Forward‐Looking Information
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of PLC and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate”, “pro-forma” and other similar expressions. These statements are based on PLC’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the Company’s intentions to pursue its stated growth objectives. The forward-looking statements in this news release are based on certain assumptions, including that recent acquisitions perform as expected, PLC will be able to implement business improvements and achieve costs savings, PLC will be able to retain key personnel, there will be no unexpected expenses occurring as a result of the acquisitions, multiples remain at or below levels paid by PLC for previously announced acquisitions, the CAD to USD exchange rate remains consistent, the acquisition and financing markets remain accessible, capital can be obtained at reasonable costs and PLC’s current business lines operate and obtain synergies as expected, as well as those regarding present and future business strategies, the environment in which the PLC will operate in the future, the anticipated adjustments to operations in the COVID-19 pandemic, expected revenues, expansion plans and the PLC’s ability to achieve its goals. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading “Risk Factors” in PLC’s Annual Information Form and most recent Management’s Discussion and Analysis available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, PLC assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
(416) 231-1462 x 235