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Intertape Polymer Group Announces New Chief Financial Officer

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  Published in House and Home on Thursday, November 12th 2009 at 5:17 GMT by Market Wire
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MONTREAL, QUEBEC and BRADENTON, FLORIDA--(Marketwire - Nov. 12, 2009) - Intertape Polymer Group Inc. (TSX:ITP)(NYSE:ITP) ("Intertape" or the "Company") today announces that the Company has named Bernard J. Pitz as its new Chief Financial Officer, effective immediately.

Mr. Pitz has served as a CFO and in other executive capacities for close to 20 years. His experience is wide ranging, having worked in a number of industries with progressively complex and important responsibilities for public companies with sales of $150 million to over $700 million. He holds a B.S. and an M.B.A from Northern Illinois University and the University of Chicago, respectively.

"Bernie is a highly experienced CFO with proven leadership skills and has a strong track record of a definite hands-on approach. He further strengthens Intertape's management team and we look forward to benefitting from his broad knowledge. We thank Vic DiTommaso for his years of service and wish him well in his future endeavours," stated Intertape Chairman, Eric E. Baker.

About Intertape Polymer Group

Intertape Polymer Group is a recognized leader in the development and manufacture of specialized polyolefin plastic and paper based packaging products and complementary packaging systems for industrial and retail use. Headquartered in Montreal, Quebec and Sarasota/Bradenton, Florida, the Company employs approximately 2,100 employees with operations in 17 locations, including 13 manufacturing facilities in North America and one in Europe.

Safe Harbor Statement

Certain statements and information included in this press release constitute forward-looking information within the meaning of applicable Canadian securities legislation and the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to the Company's future outlook and anticipated events, the Company's business, its operations, its financial condition or its results. Particularly, statements about the Company's objectives and strategies to achieve those objectives are forward-looking statements. While these statements are based on certain factors and assumptions which management considers to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward looking statements. The risks include, but are not limited to, the factors contained in the Company's filings with the Canadian securities regulators and the U.S. Securities and Exchange Commission. While the Company may elect to, it is under no obligation (and expressly disclaims any such obligation) and does not undertake to update or alter this information at any particular time.