Montreal, Canada -- 01/19/2009
Dorel announces departure of Juvenile Group President.
Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that Camillo
Lisio, Dorel Juvenile Group President, has tendered his resignation and
will be leaving the company by January 23, 2009.
Hani Basile, Dorel Juvenile Group's Chief Operating Officer
is assuming leadership of the segment on an interim basis.
Mr. Basile has been involved with Dorel's juvenile businesses since
he joined the Company in 2003. He served as Chief Executive Officer
of Dorel Distribution Canada, was instrumental in establishing Dorel
Australia and Dorel Brazil and has been COO of Dorel Juvenile Group
worldwide since May 2008.
We thank Cam for his service and wish him well in his future
endeavours," stated Dorel President & CEO, Martin Schwartz.
Profile
Dorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile
products and bicycle company. Established in 1962, Dorel creates
style and excitement in equal measure to safety, quality and value.
The Company's lifestyle leadership position is pronounced in both its
Juvenile and Bicycle categories with an array of trend-setting products.
Dorel's powerfully branded products include Safety 1st, Quinny, Cosco,
Maxi-Cosi and Bébé Confort in Juvenile, as well as Cannondale, Schwinn,
GT, Mongoose and SUGOI in Recreational/Leisure.
Dorel's Home Furnishings segment markets a wide assortment
of furniture products, both domestically produced and imported.
Dorel is a $2 billion company with 4600 employees,
facilities in seventeen countries, and sales worldwide.
