KINGSEY
FALLS, QC, Dec. 15, 2023 /PRNewswire/ - Cascades Inc.
(TSX: CAS), a leader in the recovery and manufacturing of
eco-friendly packaging and hygiene products, announced today that
Alain Lemaire will step down from
his role as Chairman of the Board of Directors at the Company's
annual general meeting, to be held in May
2024, and that Patrick
Lemaire will succeed him. Alain
Lemaire will continue to sit on the Board as a director.
"It has been an honour and a privilege to serve Cascades as
Executive Chairman over the last 10 years. Cascades is much more
than a business for my brothers and I: it is an achievement of a
lifetime. I am very proud of what we have accomplished and of the
work carried on by the entire Cascades team. Their efforts are what
make Cascades excel," said Alain
Lemaire. "Today, I am choosing to continue my involvement in
the Company as a director on the Board while passing the torch to a
new generation. I have every confidence in Patrick's ability to
chart the course for the future. His deep understanding of Cascades
will be an important asset as we continue working towards our
strategic goals."
"I would like to thank Alain for his leadership as Executive
Chairman over the last decade. I would also like to thank him for
his constant support and dedication to Cascades' growth and
success. I am pleased that Alain will remain as a director and that
the Company will continue to benefit from his vast experience for
years to come. I am also pleased that Patrick Lemaire has accepted this new mandate.
Patrick has all the qualities required to successfully take on the
role of Chairman," said Mario
Plourde, President and Chief Executive Officer of
Cascades.
"I will fulfill my new responsibilities as Chairman of the Board
in the spirit of continuity and with a firm commitment to advance
our Company's values. I look forward to working closely with our
exceptional leadership team and employees," stated Patrick Lemaire.
A graduate in mechanical engineering, Patrick Lemaire has been a member of Cascades'
Board of Directors since 2016, and previously served as President
and CEO of Boralex Inc. from September
2006 until his retirement in December
2020. Over the last decade, he profoundly transformed the
company and helped to position it as a leader in renewable energy
in France. He has been recognized
repeatedly for his leadership on environmental issues. At Cascades,
where he held several management positions between 1988 and 2006,
Patrick demonstrated his managerial skills and seasoned leadership
as mill manager of five plants and Vice-President and Chief
Operating Officer in the containerboard packaging sector.
Founded in 1964, Cascades offers sustainable, innovative and
value-added packaging, hygiene and recovery solutions. The Company
employs 10,000 talents across a network close to 75 facilities
in North America.
Driven by its participative management, half a century of
experience in recycling, and continuous research and development
efforts, Cascades continues to provide innovative products that
customers have come to rely on, while contributing to the
well-being of people, communities and the entire planet. Cascades'
shares trade on the Toronto Stock Exchange under the ticker symbol
CAS.
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SOURCE Cascades Inc.