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Creo Appoints Charles Young as Chair of the Board

Tuesday, October 16, 2001

Press release from the issuing company

VANCOUVER, B.C.--Oct. 15, 2001--Creo Products Inc announced the appointment of Charles Young as chair of the board. Mr. Young who is president and chief executive officer of Marin Investments Ltd. has been on the Creo board since September 1999 and has been co-chair since February 2001. Yoav Z. Chelouche, the former co-chair, has resigned from the Creo board following his departure from Scitex Corporation Ltd. ('Scitex') as president and CEO on August 31, 2001. Mr. Chelouche was one of two Scitex nominees to the Creo board of directors. With Mr. Chelouche's departure, the directors appointed the Scitex nominee, Yeoshua Agassi, to fill the vacancy on the Creo board. Mr. Agassi was recently appointed interim CEO for Scitex Corporation Ltd. In parallel with this role at Scitex, he continues to serve as vice president of business development at Clal Industries and Investments Ltd.




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