SUCCESSION PLAN IMPLEMENTED AT CASCADE AEROSPACE AND CONAIR GROUP

Abbotsford, B.C. - Cascade CEO Barry Marsden recently announced to employees of Cascade Aerospace Inc. and parent company Conair Group Inc. that a succession plan is being implemented at both organizations.

Under the plan, Marsden moves from the positions of Cascade CEO and Conair President & CEO to Chairman of the Board of Directors for both companies. "I am very much looking forward to this new capacity, and to continuing to work with the many great people at Cascade & Conair," says Marsden. "I have committed to this role for at least the next five years".

David Schellenberg, who has served as Cascade President since 2001 is taking on the role of President and Chief Executive Officer (CEO) of Cascade Aerospace and of Cascade’s parent company, Conair Group Inc. Tony Quo Vadis is taking on the role of Executive Vice President in addition to his role as CFO of both organizations.

"It is through long-term planning – including leadership development and management continuity – that organizations thrive and prosper. I am proud this is a continuation of the philosophy and practice that has always existed in our companies - since Conair’s formation in 1969," says Marsden. "And I know David and Tony will do a great job in their new roles," he added.

Cascade Aerospace Inc. is a privately owned Canadian company providing fleet management, heavy maintenance, repair, overhaul and modification services for commercial and military transport aircraft. Cascade, the prime contractor, and its Herc Solutions partners provide C-130 fleet management services to Canada’s Department of National Defence. With a reputation for excellence, Cascade currently employs approximately 650 people at its state-of-the-art facility at the Abbotsford International Airport.

Conair Group Inc. is a world leader in aerial fire control, with more than 30 years of service experience, and its 180 professionals and fleet of over 50 aircraft.