Clarke Inc. president leaves company

TORONTO, (April 10, 2003) — Clarke Inc. chairman George Armoyan announced yesterday that president and CEO Darell Hornby is leaving the company to pursue other opportunities. Armoyan will now be acting president and CEO, and as a result the Board of Directors will be appointing a new chairman.

The company has also promoted Jim Lawn to the position of executive vice-president and chief financial officer. Lawn will be more involved in the day-to-day operations of the company and will have direct responsibilities for Clarke’s finance, treasury and human resources functions.

Hornby started his 19-year tenure with Clarke in 1984 as Western regional manager for Clarke Transport, then a Division of Newfoundland Capital Corp. He was promoted to vice-president of the division in 1990, and president and chief operating officer a year later.

Effective with the Company’s IPO and listing on the Toronto Stock Exchange in 1998, Darell was appointed president and chief operating officer of Clarke Inc. last year.

Clarke is one of Canada’s largest for-hire carriers, offering expedited highway and intermodal service for both truckload and LTL between Canada and the U.S.

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