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Clarke Inc.

Exchange: TSX Exchange | Nov 19, 2017, 5:41 AM EST

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Clarke Inc. Announces Change in Chief Financial Officer
Clarke Inc. Announces Change in Chief Financial Officer

Canada NewsWire

HALIFAX, Aug. 14, 2017 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI) announces that Kim Langille has resigned as Chief Financial Officer, effective August 30, 2017, in order to pursue a financial position at another company.

Clarke is pleased to announce that Stephen Cyr, Clarke's Vice President of Accounting, has been appointed Chief Financial Officer. Mr. Cyr has acted as Manager of Finance, Controller and then Vice President of Accounting at Clarke since 2008 and previously acted as Senior Accountant with a professional services firm.

Michael Rapps, President and Chief Executive Officer, stated: "We are disappointed to see Kim leave Clarke and we thank Kim for her efforts with Clarke in recent years." Mr. Rapps added: "Stephen has been involved in Clarke's financial functions since 2008 and we are confident that he will transition easily into the CFO position."

About Clarke

Halifax-based Clarke invests in a variety of private and publicly-traded businesses and participates actively where necessary to enhance the performance of such businesses and increase its return. Clarke's securities trade on the Toronto Stock Exchange (CKI). For more information about Clarke Inc., please visit our website at www.clarkeinc.com.

Note on Forward-Looking Statements and Risks
This press release may contain or refer to certain forward-looking statements relating, but not limited to, Clarke's expectations, intentions, plans and beliefs with respect to Clarke. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "does not expect", "is expected", "budget", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or equivalents or variations, including negative variations, of such words and phrases, or state that certain actions, events or results, "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved.

Forward-looking statements rely on certain underlying assumptions that, if not realized, can result in such forward-looking statements not being achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Clarke to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Risks and uncertainties include, among others, the Company's investment strategy, legal and regulatory risks, general market risk, potential lack of diversification in the Company's investments and interest rates and foreign currency fluctuations. Although Clarke has attempted to identify important factors that could cause actual actions, events or results or cause actions, events or results not to be estimated or intended, there can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Other than as required by applicable Canadian securities laws, Clarke does not update or revise any such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Clarke Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2017/14/c1763.html

Michael Rapps, President and CEO, at (416) 855-1925Copyright CNW Group 2017

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