High Liner Foods Announces Resignation of President and Chief Executive Officer, Rod Hepponstall

LUNENBURG, NS, Aug. 29, 2023 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or the "Company") announced today that the Board of Directors has accepted the resignation of Rod Hepponstall, President and Chief Executive Officer of the Company, effective on or before January 2, 2024. The Company will begin a comprehensive internal and external search for a President and CEO.

Mr. Hepponstall has acted as director, President and Chief Executive Officer of High Liner Foods since May, 2018 and the board of directors would like to thank him for his years of service to the Company. Mr. Hepponstall will collaborate with the Company on a transition plan, and the Company will provide more information in due course.

About High Liner Foods Incorporated

High Liner Foods Incorporated is a leading North American processor and marketer of value-added frozen seafood. High Liner Foods' retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in most grocery and club stores. The Company also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels and is a major supplier of private label value-added seafood products to North American food retailers and foodservice distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbol HLF on the Toronto Stock Exchange.

For further information about the Company, please visit our website at www.highlinerfoods.com or send an e-mail to [email protected].

Forward Looking Information

This document contains forward-looking statements. Forward-looking statements can generally be identified by the use of the conditional tense, the words "may", "should", "estimate", "will", "believe", "plan", "expect", "goal", "remain" or "continue", or the negative of these terms or variations of them or words and expressions of similar nature. Specific forward-looking statements in this document include, but are not limited to expectations with respect to the timing of the expected departure and subsequent composition of the Company's management.

By their nature, forward-looking statements involve uncertainties and risks that could cause actual results or events to differ materially from current expectations. Readers are cautioned not to place undue reliance on forward-looking statements, as actual results may differ materially from those expressed in such forward-looking statements. We include in publicly available documents filed from time to time with securities commissions and The Toronto Stock Exchange, a discussion of the risk factors that can cause anticipated outcomes to differ from actual outcomes. Except as required under applicable securities legislation, we do not undertake to update forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, whether as a result of new information, future events or otherwise.

SOURCE High Liner Foods Incorporated

Paul Jewer, FCPA, FCA, Executive Vice President & Chief Financial Officer, High Liner Foods Incorporated, Tel: [phone], [email protected]