Sharpe resigns.
Northern Breweries Northern Breweries was a Canadian brewery, with facilities in Sudbury and Sault Ste. Marie, Ontario.
The company was established in Sudbury in 1907 as Sudbury Brewing and Malting Co. by J. J. Doran, a hotelier. 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. Bill Sharpe resigned from his
position July 12.
"This decision, although difficult was necessary due to the
current status of the company," said Sharpe in a letter to Northern
Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. , dated July 10.
Last month, Sharpe explained their $7 million debt-load made it
difficult to obtain investor financing needed to move forward with
expansion and renovations to their Sudbury production line. The Sault sault
n.
A waterfall or rapids.
[Obsolete French, from Old French, leap, waterfall; see somersault. and Sudbury plants had been closed June 30 due to the lack of operating
funds.
COPYRIGHT 2006 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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