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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Oil who wrote (3035)	3/3/1999 9:52:00 AM
From: Neil Irwin	Respond to of 3282

Of interest ... ''Bracknell Appoints Paul Melnuk as CEO'' TORONTO, March 3 /CNW/ - Bracknell Corporation announced today the appointment of Paul D. Melnuk as President and Chief Executive Officer, following the retirement of George Ploder, currently President and Chief Executive Officer. Mr. Ploder, 58, will continue to provide advice to the company and will be Vice Chairman of the Board. Mr. Melnuk has been, until recently, the President and Chief Executive Officer of Barrick Gold Corporation, a major international gold mining company. Prior to his appointment at Barrick, Mr. Melnuk was President and Chief Executive Officer of Clark USA, Inc. a Fortune 500 company with annual revenues of $4 billion. He led a turnaround of Clark that resulted in substantial growth and record operating results. Mr. Melnuk, 44, has held senior executive positions with The Horsham Corporation serving as President and Chief Operating Officer (1992-94), Member of the Board of Directors (1992-96), and Vice President and Chief Financial Officer (1988-92). ''We are very pleased to have an executive with the background and experience of Paul Melnuk available to take the helm of the Company following George Ploder's decision to retire'' said Gil Bennett, Bracknell's Chairman of the Board. ''I have worked with Paul Melnuk for the past four years on the Board of Bracknell and I have no doubt he will provide outstanding leadership to the company'', he added. ''George Ploder deserves enormous credit for the growth and success Bracknell has achieved, not only in 1998, but for the past decade'' said Paul Melnuk. ''George has built a company with revenues of $450 million, earnings of $11.5 million, a solid balance sheet and businesses with exciting growth prospects. I look forward to the challenge and the opportunity of building on this platform and leading Bracknell in its next generation of growth in shareholder value'', he added. Bracknell Corporation is a service company providing electrical, mechanical, other technical and facilities management services to a broad range of institutional, commercial, industrial and public sector customers in Canada, the United States and abroad. The Company's shares are traded on the Toronto Stock Exchange under the ticker symbol BRK. For further information: D. Scott Maynard, Director, Finance and Administration, Tel: (416) 360-4105, Fax: (416) 362-3290, E-mail: smaynard@bracknell.ca