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Organizational changes at Forzani

11
Jan '08
The Forzani Group Ltd announced a reorganization that sees Tom Quinn assume the role of President for both the corporate and franchise businesses.

Tom Quinn joined the Forzani Group in 1994 and most recently held the title of President, Franchise. In his newly expanded role, Mr. Quinn will be responsible for all aspects of both the Franchise and Corporate Retail groups.

Mr. Quinn is well qualified for this role with over 30 years of experience in retail and a proven track record building a highly successful franchise business.

"Tom has amply demonstrated his capability at the Forzani Group and he was the natural candidate for this newly expanded role," says Robert Sartor, CEO. "I am very confident, as is our Board of Directors, in Tom's ability to manage these new responsibilities."

Building on solid performance, with strong teams in place on both the Corporate and Franchise side of the business, FGL is very well positioned to enact changes which will continue to drive the success of the organization.

The focus continues to be on growing both revenues and margins, while working to streamline structures, pursuing best-practices, and becoming a more cost-efficient organization.

Bill Gregson, formerly President and COO, has left the organization to pursue other opportunities. Mr. Gregson joined the Forzani Group in 1997 as the Executive Vice President of Corporate Retailing and was appointed President and COO in 2003.

"Bill has made a substantial contribution to the organization," said Mr. Sartor. "His impact over the last ten years was significant."

The reorganization is expected to result in a one-time charge to earnings of approximately $4.2 million.

The Forzani Group Ltd


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