Casselman to resign from Shermag

SHERBROOKE, QC Shermag today announced that Jeffrey Casselman has resigned as president and ceo of the company effective immediately.

The Board of Directors has undertaken a process to replace Casselman and the day to day affairs of the company will be managed by an executive committee of management with the guidance of a committee of the board of directors until the completion of such process.

Claude Pichette, chairman of the Shermag board of directors, commented on the formation of the committee, saying "The board will become more active in the administration of the company, as it transitions to permanent new leadership. The daily operation of Shermag will not be affected, and we have every confidence that efforts made over the course of the next few months will be beneficial to the company in the long term".