CALGARY, April 2 /CNW/ - Trimac Income Fund announces that Terry Owen, a Trustee of Trimac Income Fund and President & CEO of Trimac Transportation Services Inc., will be leaving Trimac, effective December 31, 2007 to pursue other interests. During the remainder of 2007, in addition to performing his normal responsibilities, Mr. Owen will be participating in the transition of responsibilities. It is expected that Jeff McCaig will assume the duties of Chief Executive Officer effective December 31, 2007 in addition to his current role as Chairman of Trimac Transportation Services Inc.
Mr. Owen has been associated with Trimac and predecessor companies in senior executive capacities since June 1994 and has made an outstanding contribution to the success of Trimac over this period. He has played a key role in the creation of shareholder value through the planning and implementation of major corporate transactions.
Trimac is Canada's largest provider of bulk trucking services with operations from coast to coast. In addition, through its wholly owned subsidiary, Bulk Plus Logistics Limited Partnership, Trimac provides third party transportation logistics services in Canada and the United States. Trust units of Trimac Income Fund are traded on The Toronto Stock Exchange under the symbol TMA.UN.