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    RSI   CA77519R1029

ROGERS SUGAR INC.

(RSI)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-06-27 pm EDT
6.200 CAD   +0.81%
06/13ROGERS SUGAR : RSI 2022 ESG Report
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06/13Rogers Sugar announces the publication of its 2022 Environmental, Social and Governance Report
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06/13Rogers Sugar announces the publication of its 2022 Environmental, Social and Governance Report
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Rogers Sugar : Mike Walton Named COO and Departure of Manon Lacroix, CFO

05/21/2020 | 09:25am EDT

NEWS RELEASE

FOR IMMEDIATE RELEASE

MIKE WALTON NAMED CHIEF OPERATING OFFICER OF LANTIC INC. &

PRESIDENT OF THE MAPLE TREAT CORPORATION

DEPARTURE OF MANON LACROIX, VP FINANCE, CFO & SECRETARY

Montréal & Vancouver, Canada - May 21, 2020 - Rogers Sugar Inc. (the "Corporation" or "Rogers Sugar") (TSX: RSI) is pleased to announce the appointment of Mr. Mike Walton, currently Vice President, Sales and Marketing, to the position of Chief Operating Officer of Lantic Inc. ("Lantic") & President of The Maple Treat Corporation ("TMTC"). This newly created role, reporting to the President & CEO of Lantic, will reinforce our succession plans, help improve the efficiency of decision making, and address important strategic decisions. Mr. John Holliday, President and CEO of Lantic stated: "Mike's experience at Lantic makes him the perfect fit for this important and strategic role for the future of our business. Mike's excellent leadership skills will certainly be instrumental in helping the highly skilled Maple and Sugar teams in our journey of becoming the leading North American Natural Sweetener Supplier".

Rogers Sugar also announces that after twelve years with the Corporation and seven years as Vice- President, Finance, CFO and Secretary, Mrs. Manon Lacroix has decided to move on to the next chapter of her career. Manon will be staying on board until August 15th to ensure a smooth transition during which a search to find her replacement will be taking place. "During her tenure, Manon has helped orchestrate our critical transition from a sugar refining company to a multiplatform natural sweetener supplier through the acquisitions and related financing of two Maple syrup bottling companies" said Mr. Holliday. "We would like to thank Manon for her contribution over the years and wish her much success in the future".

About Rogers Sugar Inc.

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montreal, Québec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic's sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic owns all of the common shares of TMTC and its head office is headquartered in Montréal, Québec. TMTC operates bottling plants in Granby, Dégelis and in St-Honoré-de- Shenley, Québec and in Websterville, Vermont. TMTC's products include maple syrup and derived maple syrup products and are sold under various brand names, such as L.B. Maple Treat, Great Northern, Decacer and Highland Sugarworks.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. John Holliday

President and Chief Executive Officer

Lantic Inc.

Tel: (514) 527-8686 ext. 3570

Website: http://www.lanticrogers.com

Disclaimer

Rogers Sugar Inc. published this content on 21 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2020 13:24:04 UTC


© Publicnow 2020
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Financials
Sales 2022 986 M 766 M 766 M
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 5,81%
Capitalization 647 M 502 M 502 M
Capi. / Sales 2022 0,66x
Capi. / Sales 2023 0,64x
Nbr of Employees 1 303
Free-Float 99,3%
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Mean consensus HOLD
Number of Analysts 5
Last Close Price 6,20 CAD
Average target price 6,05 CAD
Spread / Average Target -2,42%
Managers and Directors
Michael W. Walton President & Chief Executive Officer
Jean-Sebastien Couillard Chief Financial Officer, Secretary & VP-Finance
M. Dallas H. Ross Chairman
Dean J. Bergmame Independent Director
William Stephen Maslechko Independent Director
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