Vitran Promotes Sean Washchuk to Chief Financial Officer; Kevin Glass Stepping Down to Accept CFO Position at Toronto-Based Public Company.TORONTO -- Vitran Corporation Inc. (AMX AMX American Motors Experimental AMX Aeromexico Aerovias de Mexico (ICAO code) AMX Air Mobility Express AMX Amberjacks (FAO fish species code) AMX Alabama Motor eXpress : VVN VVN Virtual Voice Network VVN Very Very Nice (gaming) VVN Vereniging voor de Verenigde Naties (Dutch) , TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : VTN VTN Victoria Telecommunity Network VTN Vitronectin VTN VeriSign Trust Network VTN Valentine, Nebraska (Airport Code) VTN Vatan (Bosnian Moslem Party, Kosovo) VTN Virtual Telephone Number ), a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. transportation and logistics firm, today announced that effective September 20, 2004, the Company's Corporate Controller Sean Washchuk will succeed Vice President of Finance and Chief Financial Officer Kevin Glass, who has accepted the position of Chief Financial Officer at a publicly traded Canadian Income Trust. "I greatly value my tenure at Vitran, as I have been with the Company during a very exciting time in its evolution. This was an extremely difficult decision for me," stated Mr. Glass. "I have a great deal of respect for Rick Gaetz, Sean Washchuk and the entire Vitran team, and know they have a very bright future ahead as Vitran continues to expand its North American freight system and achieve its growth objectives." Vitran President and Chief Executive Officer Rick Gaetz, stated, "I expect Sean to seamlessly transition into his new role as CFO See Chief Financial Officer. , as he has been a dedicated and valuable member of the Vitran team for five years. Having worked very closely with both Kevin and Sean, Sean is an excellent choice for CFO as Kevin's successor." Commenting on Mr. Glass's departure, Mr. Gaetz, added, "Through his hard work, expertise and dedication, Kevin has played a key role in Vitran's success and the entire Company and I wish him great success in his new role. He is leaving the company on September 17, 2004." About Vitran Corporation Inc. Vitran Corporation Inc. is a North American group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services. To find out more about Vitran Corporation Inc. (AMX: VVN, TSX: VTN), visit the website at www.vitran.com. Information in this news announcement relating to projected growth, improvements in productivity and future results constitutes forward-looking statements. Actual results in future periods may differ materially from the forward-looking statements because of a number of risks and uncertainties, including but not limited to economic factors, demand for the Company's services, fuel price fluctuations, the availability of employee drivers and independent contractors, risks associated with geographic expansion, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , claims exposure and insurance costs, competition and environmental hazards. Additional information about these and other factors that could affect the Company's business is set forth in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other filings with the Securities and Exchange Commission. |
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