Imaflex Inc.: A New Chapter in Board Leadership

Imaflex Inc. (TSXV: IFX), a leading provider of flexible packaging materials for industrial and agriculture markets, has announced significant changes to its Board of Directors. The resignation of Roberto Longo and the appointment of Mario Settino as Chair of the Audit Committee mark a new chapter in the company's governance and strategic direction.

Roberto Longo, who had been serving on the Board, stepped down for personal reasons. His valuable contributions to Imaflex over the years have been instrumental in the company's growth and success. Concurrently, Imaflex appointed Mario Settino to the Board, where he will also serve as Chair of the Audit Committee. Settino previously served on Imaflex's Board from 2017 until 2022, including as Chair of the Audit Committee.

Mario Settino brings a wealth of experience and expertise to the Imaflex board. With over 30 years of experience across diverse industries, he has held leadership roles at companies such as Balcan Innovations, BioAmber, Peds Legwear, Miranda Technologies, Loblaws, and Bombardier Aerospace. Settino is a chartered professional accountant who began his career at Deloitte. He holds a Bachelor of Commerce from Concordia University and a Graduate Diploma in Accountancy from McGill University. His extensive experience in financial oversight and strategic leadership will be a significant asset to Imaflex as they continue to drive growth.

Settino's return to the Board ensures a smooth transition and continuity in the company's governance. His previous tenure on the Board, including his role as Chair of the Audit Committee, allows him to quickly reintegrate and contribute effectively to Imaflex's strategic direction. Settino's familiarity with the company, combined with his proven track record, makes him an ideal choice to lead the Audit Committee and provide valuable insights to the Board.

The resignation of Roberto Longo and the appointment of Mario Settino highlight Imaflex's commitment to maintaining a strong and effective Board of Directors. The company's focus on attracting and retaining top talent, combined with its commitment to good governance, will be crucial in driving its continued success in the competitive flexible packaging market.

In conclusion, Imaflex Inc.'s announcement of the resignation of Roberto Longo and the appointment of Mario Settino as Chair of the Audit Committee signals a new chapter in the company's board leadership. Settino's extensive experience, expertise, and familiarity with Imaflex make him an ideal choice to lead the Audit Committee and contribute to the company's strategic direction. The changes to the Board demonstrate Imaflex's commitment to maintaining a strong and effective governance structure, which will be crucial in driving the company's continued success in the competitive flexible packaging market.