MONTREAL, QUEBEC, CANADA--(Marketwire - Oct. 14, 2011) - Garda Cash Logistics, North America's premium cash logistics provider and a subsidiary of Garda World Security Corporation (TSX:GW) announced today that it has appointed Charles Roberge as Senior Vice President of Cash Logistics for Canada.
Charles Roberge succeeds Patrice Boily, who has been named Senior Vice President, Office of the CEO. In his new role, Mr. Boily will leverage his operational expertise in cash logistics to guide the senior management team in achieving operating efficiencies and focusing on strategic growth and corporate development.
"During Patrice's tenure at the helm of Canadian Cash Logistics, Garda has become a highly regarded cash logistics organization in Canada and a partner of choice for the country's major financial institutions," said Garda Cash Logistics President and COO Christopher Jamroz. "We will continue to benefit from his knowledge and advice as we reinforce Garda's market-leading service delivery platform and strengthen our leadership in the North American market."
Mr. Roberge is an accomplished distribution and logistics executive with more than 20 years of industry experience. He joins Garda from Jean Cartier Packaging Inc. where he served as General Manager with a diverse track record of delivering significant operational efficiencies and shareholders' value creation.
"Garda's entire culture is anchored by a passionate shared commitment to being the best cash logistics provider in the industry. That clear strategic vision and dedication to operational excellence have made Garda the fastest growing currency processor in the industry today", stated Mr. Roberge. "In two decades as a senior operations executive in the logistics industry, I have rarely seen such a seamlessly integrated service delivery model for Canadian and US clients who can receive superior service regardless of their location or country of origin. The strength of Garda's operating platform and the breadth of the service offering portfolio create significant growth opportunities for our Canadian Cash Logistics business. I am excited to lead Garda through the next phase of aggressive strategic and organic expansion in Canada."
Mr. Roberge will work closely with the executive team in the US to leverage Garda's fully integrated North American platform to serve the cash logistics requirements of Garda's cross-border corporate, retail and financial services clients.
"I am delighted with the caliber of executive leadership that Charles brings to Garda Cash Logistics," noted Mr. Jamroz. "As a successful entrepreneur and corporate executive, with fierce focus on achieving superior quality and results and strong roots in Quebec's business community, I am confident Charles will further reinforce our customer-centric organization and solidify Garda's success in the Canadian cash logistics market."
Mr. Roberge began his business career as a founder and proprietor of internationally diverse commodities trading corporations specializing in textiles and steel. He later held progressively senior positions at Air Liquide Canada, Inc. The scope of his responsibilities included managing the company's Procurement, Information Technology and Corporate Services functions as well as Enterprise Risk Management and culminated in the position of General Manager overseeing all aspects of the company's Quebec operations.
Mr. Roberge studied at the Graduate Business School of Heriot-Watt University in Edinburgh, UK, the International Executive Institute at McGill University in Montreal and the "Institut de Tourisme et d'Hotellerie" du Quebec. He will be based at Garda Headquarters in Montreal.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to Garda's future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as "may"; "will"; "should"; "expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate"; "predict"; "potential"; "continue"; "foresee", "ensure" or other similar expressions concerning matters that are not historical facts. In particular, statements regarding the company's future operating results and operating profit and its objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects and opportunities, which Garda believes are reasonable as of the current date. While management considers these assumptions to be reasonable based on information currently available to the company, they may prove to be incorrect. The company cautions the reader that the current adverse economic conditions make forward-looking information and the underlying assumptions subject to uncertainty and that, consequently, they may not materialize, or the results may differ from the company's expectations. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what Garda currently expects. These factors include the growth management, the market competition, the cost of financing, government regulations, the collective bargaining, currency fluctuations, the credit risk, the reputational risk and the financial covenants risk, many of which are beyond the company's control. Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date.
ABOUT GARDA
Garda (TSX:GW) is a global provider of security solutions, cash logistics and global risk consulting. With headquarters in Montreal, Canada, the firm's 45,000 dedicated professionals, among the most highly qualified and best-trained in the industry, serve clients in countries throughout North America, Europe, Latin America, Africa, Asia, and the Middle East. Garda works with clients in a broad range of sectors and industries including financial institutions, retailers, manufacturers, insurance companies, governments, humanitarian relief organizations and the natural resources, construction and telecommunications. The company's decentralized management philosophy and structure encourages employees to be entrepreneurial and performance-driven in their approach to client service and the pursuit of excellence in all they do. Garda's global experts take the time to fully understand their clients' business goals and objectives in order to customize solutions with strong local engagement that meet their needs. As a result, clients can improve operational performance, meet their business obligations, and achieve their corporate objectives. With proven experience and a commitment to ensuring the highest ethical standards in everything the Corporation does, Garda has earned a reputation for integrity, leadership and uncompromising safety standards. Most importantly, businesses, governments, and individual clients place their trust in Garda. For more information, visit: www.gardasecurity.com, www.gardacashlogistics.com, www.garda-world.com and www.gardaglobal.com.
