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Creo Names New President of CreoScitex America

Press release from the issuing company

VANCOUVER, BC CANADA -- February 26, 2001 -- Creo Products Inc. (NASDAQ: CREO; TSE: CRE) announced today that it has named Larry Letteney President, CreoScitex America (CSA), the U.S. arm of the graphic arts operating division. Effective March 1, 2001, Larry will replace Kevin Joyce, who for personal reasons, will assume a new role in Business Development. Since joining Creo in 1995, Larry, 34, has held a variety of leadership positions including Vice President Sales and Vice President Operations. In his new position, he will report to Mark Dance, EVP, Creo, and President and Chief Operating Officer, CreoScitex. Prior to joining CreoScitex, Larry had more than seven years of experience working in the Graphics Arts Division of the Eastman Kodak Company. Larry received his B.Sc. in Electrical Engineering from the University of Delaware. Mark Dance stated: "Larry has been an active participant in the Creo leadership forum and has been instrumental in the growth of CreoScitex in the United States. Larry's experience in the industry and his knowledge of our customers will allow us to continue to execute and enhance our plans in the Americas." As President, CSA, Larry will focus on supporting and growing the customer base by leading the CSA teams in all CreoScitex businesses in the Americas. In assuming the role, Larry said: "I am excited about the opportunity to lead CreoScitex America in the 21st century. We are assembling the world's leading team of professionals to service the graphic communications marketplace. I am looking forward to working with this team to continue the growth and success of our partners and customers." Through the leadership of Larry Letteney and the CSA team, CreoScitex America is well prepared to capitalize on the opportunities in this region.