Creo Appoints Two New Directors
Monday, February 26, 2001
VANCOUVER, Feb. 23 Creo Products Inc. (NASDAQ: CREO - news; TSE: CRE - news; 'Creo') today announced that the shareholders elected directors Morgan Sturdy and Mark Dance at this week's Annual General meeting. Creo's board of directors remains at nine members. In addition, the shareholders approved the statutory business including the stock option plan amendments. At the meeting, Yoav Chelouche, Co-Chair of the Creo board thanked Raffi Amit and Dan Gelbart for their leadership and board participation, ``Creo has benefited enormously from Raffi's five year governance as Chair and Co-Chair as well as Dan's 15 years of service as director. On behalf of the entire board, I would like to thank Raffi and Dan for their dedication and invaluable contribution to Creo. Raffi has decided to devote his time to other business opportunities and we wish him well. Dan will continue to serve as Creo's President and Chief Technology Officer and foster the development of Creo's unique R&D efforts. In addition, I welcome Mark Dance and Morgan Sturdy to the board. We strongly believe their knowledge and experience will promote our market and technology leadership.'' Morgan Sturdy, 49, brings over 20 years of experience in managing and guiding successful technology and manufacturing companies. Mr. Sturdy, the former Chief Operating Officer and Executive Vice President of NICE Systems Ltd. in North America (Nasdaq: NICE - news), continues to provide management consulting services for NICE, the leading global provider of Computer Telephony Integrated voice capture, quality measurement and workflow solutions for voice and data. Mr. Sturdy has been involved in five acquisitions with a total value of more than US$400 million. He also serves on the board of directors for seven technology companies in BC; four of which are publicly traded: Infowave Software, Intrinsyc Software, Q/Media Services, and Voice Mobility International. Mark Dance, 37, is Executive Vice President of Creo and President of CreoScitex, Creo's graphic arts operating division. Since April 2000, Mr. Dance has led the integration of Creo and the prepress assets acquired from Scitex Corporation Ltd. and united Creo's prepress and print-on-demand initiatives. Prior to his appointment as President of CreoScitex, Mr. Dance held a variety of positions at Creo Products Inc. including Chief Operating Officer; VP, Operations; VP, Product Development; and Product Manager for CTP products.