View all news

John D. Taylor Resigns From Stake Technology

February 04,2003
John D. Taylor Resigns From Stake Technology

TORONTO--Feb. 4, 2003--Stake Technology Ltd. (Nasdaq:STKL)(TSX:SOY)

Jeremy N. Kendall, Chairman of the Board & C.E.O. of Stake Technology Ltd., announced today that John D. Taylor, who had been President & C.O.O., has resigned for personal reasons. For the past three years, Mr. Taylor's primary responsibilities were on the commercialization of the Steam Explosion Technology Division. At present, the Company does not plan to replace Mr. Taylor, who has also stepped down from Stake's Board of Directors. Stake has engaged independent engineering to assist in product testing and contractual negotiations for the Company's Steam Explosion Technology Division.

Mr. Kendall noted, "We thank John for his many years of devoted service to Stake, particularly the extended trips overseas. All of us at Stake wish him well in all of his future endeavors."

Stake Technology Ltd. is an owner/operator of high-growth ethical businesses, focused on environmental responsibility and the health and well being of its communities. For the last four consecutive years, Stake was included in Profit magazine's `Profit 100' list of the 100 fastest growing companies in Canada. Currently, the Company has three business units: the Food Group, which specializes in identity-preserved (IP) grain products and natural and organic food products and ingredients integrated from seed to packaged product; the Environmental Industrial Group; a producer, distributor, and recycler of industrial materials; and the Steam Explosion Technology Group who market clean pulping technologies. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.



CONTACT: Stake Technology Ltd.
Jeremy N. Kendall or Susan Wiekenkamp, 905/455-1990
Investor Relations Counsel:
The Equity Group Inc.
Linda Latman, 212/836-9609

Multimedia Files:

View all news