Alain Lafrance Resigns from Bigknowledge for Health Reasons.MONTREAL -- Bigknowledge Enterprises Inc. (the Company), (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BGK BGK Bhatnagar-Gross-Krook (kinetic-theory model for reactive collisions) BGK Bornholms Golf Klub BGK Beyonce Giselle Knowles (entertainer) ), announces today that Alain Lafrance has had to resign as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Company, for health reasons. Mr. Michel Morin, Director of the Company and financial advisor for the past two years, takes over the management of the Company on an interim basis until such time as a replacement for Mr. Lafrance is named. Mr. Lafrance had recently accepted to postpone post·pone tr.v. post·poned, post·pon·ing, post·pones 1. To delay until a future time; put off. See Synonyms at defer1. 2. To place after in importance; subordinate. his retirement to head Bigknowledge. During this period, he put together a restructuring plan to improve production processes, a new project management system and a cost reduction program. Many of his recommendations have been implemented and the benefits of these measures are already starting to be felt. The members of the Board of Directors thank Mr. Lafrance for his contribution and wish him a speedy recovery. Bigknowledge is a provider of global learning solutions designed to address the strategic business objectives of its customers. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the contents of this press release. Bigknowledge Enterprises Inc. (TSX VENTURE:BGK) |
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