CCL Industries Inc. Announces Appointment of Claude Tessier to the Board of Directors
December 01, 2023 at 08:05 am EST
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CCL Industries Inc. announced the appointment of Mr. Claude Tessier to the Board of Directors. Claude Tessier, CPA, has had a distinguished 35-year career as a senior executive with extensive financial and operations experience in the food and convenience store industries. Mr. Tessier served as Chief Financial Officer of Alimentation Couche-Tard Inc., a multinational operator of convenience stores, mainly operating under the Couche-Tard, Circle K and Ingo brands, from January 2016 until his retirement in July 2023. Prior to joining Alimentation Couche-Tard, Mr. Tessier was President of the IGA Operations Business Unit at Sobeys Inc. from 2012 to 2016, and prior to that was Senior Vice President, Finance & Strategic Planning of Sobeys Québec from 2003 to 2012. Mr. Tessier also served on the Executive Committee of Sobeys Inc. Prior to his roles at Sobeys, Mr. Tessier gained more than 15 years of experience in senior financial leadership positions with Provigo Inc., a Loblaw company, and Costco Wholesale Canada Ltd. Mr. Tessier has also held prior management positions with Mallette International and PricewaterhouseCoopers. Mr. Tessier currently serves on the board of the TMX Group Limited, and is a member of the Derivatives Committee, the Self-Regulatory Oversight Committee, and is Chairman of the Finance and Audit Committee. He also serves on the Board of Hydro Québec and is a member of the Audit Committee. Mr. Tessier is past Chairman of Circle K AS, the European division of Alimentation Couche-Tard Inc. operating Statoil Fuel & Retail ASA, the retail gasoline filling stations. He also served on the board of La Maison de la Sérénité de Laval, a centre providing free-of-charge quality palliative care, and participated, on a yearly basis, in its fundraising campaign.
Mr. Tessier received a Bachelor of Accounting degree from the Université du Québec à Montréal in 1986 and has been a member of the Canadian Institute of Chartered Accountants since 1987. He brings to the CCL Board deep financial expertise, as well as extensive experience in capital markets and financings, global mergers and acquisitions, strategic planning, operations and risk management, and governance of publicly traded companies.
CCL Industries Inc. is a Canada-based company, which is primarily involved in the manufacture of labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates and specialty films. The Company's segments include CCL, Avery, Checkpoint and Innovia. CCL segment is a converter of pressure sensitive and specialty extruded film materials for a range of decorative, instructional, functional and security applications. Avery segment is a supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers. Checkpoint segment is a developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia segment is a producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications.