OTTAWA, ONTARIO--(Marketwire - June 14, 2010) - Marc Courtois, chairman of the Board of Canada Post, is pleased to announce the appointment of Stewart Bacon as interim President and Chief Executive officer of Canada Post. His appointment is effective July 15, after the departure of outgoing President and CEO, Moya Greene, who recently accepted the top position at Britain's Royal Mail.
"My fellow Board members and I are delighted that Stewart has agreed to take on this role at this important time," says Mr. Courtois. "There are very few people who know this company, its goals, people and customers as well as Stewart. That gives us great reassurance that the strategies and plans already set in place under the Board's and Moya Greene's leadership will continue uninterrupted."
"I'm very pleased to be able to make a new contribution to a company that means so much to me," says Mr. Bacon. "I was excited when I had the chance to contribute to the strategy we now have in place, so I'm just as excited to be able to contribute to moving those plans forward."
"Like other members of our senior team, I relied to a great degree on Stewart's advice and counsel over the years," says Ms. Greene. "I am so happy to now see this position placed in such capable hands."
Stewart Bacon retired from his most recent position as Chief Marketing and Sales Officer of Canada Post in January of this year. Since then, he has served as Chairman of the Board of the company's subsidiary, Purolator. Before his retirement, Mr. Bacon spent 15 years with Canada Post in a series of progressive executive positions. Prior to his last appointment, he served as Senior Vice-President of, in order, Sales; Marketing and Sales; and Marketing, Sales and Service. Before joining Canada Post, Mr. Bacon held senior executive sales and marketing positions with Philips Electronics Ltd., leaving as Vice-President & General Manager, North America, Personal Computers Business Unit. He held similar positions at Comterm Inc. and IBM Canada.
Mr. Bacon attended Collège militaire royal de St-Jean and École Polytechnique de l'Université de Montréal, with a degree in Civil Engineering.
Mr. Bacon will work with Ms. Greene until her departure. He will serve as interim CEO until the appointment of a permanent CEO. To that end, the Board of Directors has begun a comprehensive search process and will be working closely in this regard with Canada Post's shareholder, the Government of Canada.
About Canada Post
With 71,000 employees and more than 6,500 post offices, The Canada Post Group – including affiliates Purolator Courier and SCI Group, as well as Innovapost (a joint venture with CGI), maintains the largest retail and transportation network in the country. Canada Post delivered close to 11 billion pieces in 2009 to 15 million addresses across Canada, posting $7.3 billion in revenue. Canada Post provides innovative physical and electronic delivery solutions, creating value for our customers, employees and Canadians. Canada Post has been chosen as one of Canada's Top 100 employers by Mediacorp for the past four years and in 2009 was named "Most Iconic Brand in Canada" by Brand Finance Canada. Website: canadapost.ca.