EDMONTON, ALBERTA--(Marketwire - April 26, 2012) - Tim Melton, Executive Chairman of Melcor Developments Ltd. (TSX:MRD) is pleased to announce that Brian Baker will be appointed President and Chief Operating Officer effective June 1, 2012. Brian will succeed Ralph Young, who will continue as Chief Executive Officer.
"Brian's vision, leadership and enthusiasm have influenced Melcor's success over the past 15 years," said Melton. "These qualities will shape our growth and success through the next generation."
Brian started his career with Melcor in 1997 as a Development Manager in the Community Development division. He became Vice President of the newly formed Property Development division in April 2002, and was promoted to COO in June 2011. Brian has taken on progressively greater responsibility and has demonstrated strong operational and leadership skills. Brian will be responsible for Melcor's growth, operating excellence and financial performance. He will continue to have direct responsibility for Melcor's operating divisions: Community Development, Property Development, Investment Properties and Recreation Properties.
"I am excited to lead Melcor as we realize our vision for the future," said Baker. "I look forward to working with and being supported by our strong management team as we continue to grow."
"We also express our deep gratitude to Ralph Young for his devotion and commitment to Melcor over the last 41 years," said Melton. "We are fortunate to benefit from Ralph's continued mentorship and expertise in his role as CEO."
This appointment is part of Melcor's long-term plan to build for the future.