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Published in House and Home on Thursday, October 27th 2011 at 14:38 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
October 27, 2011 17:26 ET
Inscape Corporation Announces Election of New Chairman
HOLLAND LANDING, ONTARIO--(Marketwire - Oct. 27, 2011) - Mr. Madan Bhayana announced today that effective November 1, 2011 he will step down as Chairman of the Board of Inscape Corporation (TSX:INQ) and Mr. Doug Lord has been elected to serve as the new Chairman of the Board.
"I will continue to sit on the Board of Directors. As the majority shareholder, I wish to assure other shareholders that my departure as Chairman in no way diminishes my family's ongoing commitment to the future of Inscape. I believe that with the company's solutions-driven products and debt-free financial position, Inscape is well equipped for strong future growth. I am pleased that Doug Lord has been elected to serve as the Board's Chairman. His experience, background and stewardship will be of great help to our management team as they continue their efforts to serve customers and drive shareholder value," said Mr. Bhayana.
Mr. Lord was appointed to the Board on April 1, 2008. He served as President of Xerox, North American Solutions Group from September, 2008 until his retirement on July 31, 2010. Previously, he served as President, United States Solutions Group and Xerox Canada. During his 34-year tenure with the company, he held a variety of senior leadership roles in sales, marketing, human resources, supply chain, customer service and quality.
"I want to thank Madan Bhayana for his work in leading the organization and the Board. It will be my pleasure to serve as Inscape's Chairman and work with my fellow Board members and Management to help Inscape continue and accelerate the track record of success it has had for over 120 years," said Mr. Lord.
About Inscape
Inscape is a leading designer and manufacturer of innovative solutions for today's constantly evolving workplace, offering a range of award-winning products and services, including office furniture systems, filing and storage, desking, casegoods and architectural products. Inscape serves its clients through a network of dealers and independent representatives supported by state-of-the-art showrooms across North America. The company is headquartered in Holland Landing, Ontario, Canada.
