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VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning,” the “Company,” “we,” “us” or “our”) announced today that the Board of Directors has appointed David Primrose, currently Executive Vice President and Chief Development Officer, as Executive Vice President and Chief Financial Officer (CFO) effective immediately. Mr. Primrose will retain responsibility for his current business support functions.

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The appointment of Mr. Primrose is a result of the Company’s succession planning process and follows the decision of Greg Palaschuk, Finning’s former Chief Financial Officer, to leave the Company to pursue another opportunity in the financial services sector in Toronto. Mr. Palaschuk will remain with the Company until July 31, 2025 in an advisory capacity, to ensure a smooth transition, including through the anticipated closing of the sale of 4Refuel and completion of the second quarter.

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“Since joining Finning in 2014, Greg has made a positive impact on our company. For more than five years as CFO, Greg helped develop and drive the execution of our strategy, improve our earnings capacity and has developed a strong finance team to support Dave with his added responsibilities. We are thankful for Greg’s contributions and wish him well in his next opportunity,” said Kevin Parkes, President and CEO.

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“Dave has held several senior management roles over his 36-year career at Finning and is well positioned to continue to drive the execution of our strategy and financial results. We will continue to simplify our organizational structure and Dave’s extensive and diverse experience throughout Finning will help drive these changes,” said Mr. Parkes.

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Mr. Primrose is a Chartered Professional Accountant. His previous executive roles in Finning include, among others, President of Finning Canada, Managing Director for Finning UK and Ireland, Executive Vice President of Mining for Finning Canada, and Senior Vice President, Human Resources, for Finning International.

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About Finning
Finning is the world’s largest Caterpillar dealer, delivering unrivalled service to customers for over 90 years. Headquartered in Surrey, British Columbia, we provide Caterpillar equipment, parts, services, and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland.

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Contact Information:
Neil McCann
VP Finance, Capital Markets and Corporate Development
Email: FinningIR@finning.com
https://www.finning.com

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Forward-Looking Information Disclaimer
This news release contains information about our business outlook, objectives, plans, strategic priorities and other information that is not historical fact. Information we provide is forward-looking when we use what we know and expect today to give information about the future. Unless otherwise indicated, forward-looking information in this news release reflects our expectations at the date of this news release. Forward-looking information in this news release includes information about the execution of our strategic plan; our belief that Mr. Primrose is well-positioned to continue to drive our strategy and financial results; the expectation that Mr. Palaschuk will remain in an advisory capacity until July 31, 2025; the anticipated timing to close 4Refuel, if at all; our plan to continue to simplify our organizational structure and belief that Mr. Primrose’s extensive and diverse experience throughout Finning will help drive these changes. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking information, whether due to new information, future events, or otherwise. Forward looking information, by its very nature, is subject to numerous risks and uncertainties and is based on a number of assumptions, including related to our ability to execute our strategy and the timing of transition. This gives rise to the possibility that actual results could differ materially from the expectations expressed in or implied by such forward-looking information. As a result, we cannot guarantee that any forward-looking information will materialize.