DBC Announces Chief Financial Officer For Its North American Operations.MONTREAL--(BUSINESS WIRE)--Aug. 12, 1997--Dominion Bridge Corporation (NASDAQ/ NMS See NetWare Management System. : DBCO; VSE See DOS/VSE. VSE - Virtual Storage Extended : DMO DMO Debt Management Office (Bank of England) DMO Destination Marketing Organization DMO Defence Materiel Organisation (Australia) DMO Dental Maintenance Organization DMO Distributed Mission Operations .U), ("DBC") today announced the appointment of Mr. Andre Marsan, CA as Chief Financial Officer for its North American engineering, construction business. This group unites under one delivery capability Dominion Bridge, Inc., ("DBI"), Steen Contractors Ltd. ("STEEN"), and the Pipeline Division. Mr. Marsan joined DBC Monday, August 11, 1997. In his new capacity as Chief Financial Officer, he will be responsible for all financial and accounting matters in the recently integrated construction and engineering operations in North America. Mr. Marsan brings to DBC a wealth of industry experience and financial expertise in the engineering, construction and manufacturing businesses. He was previously employed as a CFO See Chief Financial Officer. in the industry by a major North American competitor to DBI. In his past employments, he has had the opportunity to manage international large-scale budget operations and was also responsible for the implementation of state-of-the-art accounting and information systems in those operations. Mr. Marsan is a CA and a member of the Canadian Institute of Chartered Accountants The Canadian Institute of Chartered Accountants (CICA) is the umbrella body for the Chartered Accountant profession in Canada and Bermuda. Membership of the CICA totals 70,000 Chartered Accountants and 8,500 students. and started his career as an auditor. He is well versed in audit practices using US as well as CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). and his accounting and industry experience has spanned Europe and North America. DBC Chairman Michel L. Marengere expressed the Board's pleasure in the selection of Mr. Marsan as "an excellent choice of industry expertise in an area where we project significant growth." President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Nicolas Matossian stated that Dominion Bridge Inc., Steen Contractors Limited and the Pipeline Division will operate as a single three divisional unit in North America, patterned after the highly successful model for McConnell Dowell Corporation. One of Mr. Marsan's major priorities and responsibility will be the integration and update of financial and information systems for the overall unit." Dominion Bridge was established in 1879. The company is active in the international engineering and infrastructure markets. It manages projects and operates facilities in North and South America, Europe and the Asia Pacific. The company, together with its subsidiaries, employs more than 6,500 people, with this year's anticipated revenues of over US $600 million. Consolidated backlog is approximately US $600 million. Dominion Bridge Corporation's subsidiaries are Dominion Bridge, Inc., Steen Becker, Inc. and Davie Industries. Its Australia subsidiary, McConnell Dowell Corporation, is a major Asia Pacific engineering firm. CONTACT: Dominion Bridge Corp. Francois Morin, 514/634-3550 or Porter, Le Vay & Rose, Inc. L. B. Stauffer Thomas D. Gibson, Media Consultant 212/564-4700 |
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