March 14, 2005

Zenon reports staff changes, international business growth plans

OAKVILLE, ONT-Frank McKenna last week resigned from Zenon Environmental's board of directors and from his position as the board's lead director in order to take up his recent appointment as Canada's Ambassador to the U.S. He will be replaced as lead director by Andrew Szonyi, a long-standing member of the board. In other organizational changes, Diana Mourato is assuming the new position of senior vice-president with responsibility for all sales activity in the Americas. Her appointment will enable Zenon's chief operating officer, Rafael Simon, to devote more time to the company's manufacturing and R&D activities and will help better integrate the company's North American sales structure. Finally, Zenon also reported that Daryl Wilson, vice-president of manufacturing, has left the firm to pursue other opportunities. Along with these changes, Zenon has announced plans to establish a third operational "hub" in Asia, to support an anticipated growth in business in this region. The company has pursued similar strategy in Europe, setting up a second hub in Hungary to provide full business support throughout Europe, the Middle East and Africa. Its corporate headquarters and North American hub remain in Oakville. Within the Asia Pacific region, the prospects for Greater China represent the largest opportunity: water re-use is a critical component for growth as the country struggles with significant water shortages in the north, which is also where most of China's industries are located. Last year, Zenon reports that it obtained over $15 million worth of industrial orders for Greater China alone, a clear indicator of the much larger prospects in the area.

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