BURNABY, BC, March 7, 2016 /CNW/ - IWG Technologies Inc.
(IWG-TSXV) announces the appointment of Darryl Jacobs as the parent company's Executive
Vice President, and the appointment of Steven Bis as Senior Vice President and General
Manager for the wholly-owned subsidiary, International Water-Guard
Industries Inc. (IWG-I).
Darryl has been instrumental in the success of the Company's
subsidiary since taking on the role of its President in
January 2014. He will now be
responsible for planning the strategic growth of the entire
operation as Executive Vice President of the parent
company. Over the past two years, revenues increased by 44%
and profits by 36%.
"This initiative will have Darryl focused extensively on new
growth opportunities for both of our businesses, and Steven will
lead the IWG-I team to continue the momentum of excellent results
produced by IWG-I over the past 5 years" says Bruce MacCoubrey, President of IWG Technologies
Inc.
Taking the helm of IWG-I, Steven
Bis advances from his role of Director of Operations to
Senior VP and GM and will be responsible for all aspects of the
subsidiary.
Steven, who joined IWG-I in 2014, has a deep understanding of
customer needs and a proven track record of building powerful teams
with a culture of teamwork, accountability and profitability. He
has extensive experience in company operations, program &
supply chain management, and leading production teams within the
Aerospace Industry. Steven has held leadership roles both in large
OEMs and at Tier 1 suppliers over the past 18 years.
"The Board of Directors and I are pleased that Mr. Jacobs has
agreed to use his experience and knowledge of the Aviation Industry
and of growing businesses to develop and implement a long term
growth strategy. As well, we are excited that Mr. Bis has accepted
leadership of the IWG-I team to support that growth for the future"
says Bruce Gowan, Chairman of IWG
Technologies Inc.
IWG Technologies Inc. is the public holding company for
International Water-Guard Industries Inc., a Canadian aerospace
company focused on aircraft potable water treatment, water systems,
water heaters and components. IWG has expertise in all aspects of
water treatment, has the products and know-how to provide high
quality water for passengers and crew, and lightweight,
space-saving solutions for the aircraft operator.
On behalf of the Board of Directors
Bruce Gowan
Chairman of the Board
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PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
TSX VENTURE: IWG
SOURCE IWG Technologies Inc.