INTERIM APPOINTMENT TO CANADA POST CORPORATION

OTTAWA, Oct. 18 /CNW/ - The Honourable Chuck Strahl, Minister of Transport, Infrastructure and Communities, and the Honourable Rob Merrifield, Minister of State (Transport), today announced the interim appointment of

Mr. Stewart Bacon of Knowlton, Quebec, as acting president and chief executive officer (CEO) of the Canada Post Corporation, effective October 13, 2010, until a permanent CEO is named.

"I am pleased that Mr. Bacon has agreed to return to the Canada Post Corporation," said Minister Strahl.

"His vast experience and good counsel are great assets to the corporation."

"Canada Post Corporation has greatly benefited from Mr. Bacon's leadership and solid understanding of its goals," added Minister Merrifield. "This interim appointment will ensure that Canada Post continues to build on the progress already made towards achieving those goals."

Mr. Bacon was first appointed interim president and CEO of Canada Post on July 15, 2010, re-joining the corporation following the departure of Moya Greene. He joined Canada Post in 1994 as area vice-president for Eastern and Northern Services and held a series of progressively senior executive positions until his retirement in early 2010. Prior to joining Canada Post, Mr. Bacon was a vice-president and general manager at Philips Electronics Ltd., and held senior executive positions at Comterm Inc. and IBM Canada.

The Canada Post Corporation is a Crown corporation and one of the largest employers in Canada. In 2009, Canada Post delivered approximately 11 billion pieces of mail to 15 million residential and business addresses.

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Contact:

Robert Lynch Office of the Minister of State (Transport), Ottawa 613-991-0700