Main will depart as a Director of the corporation on January 15th. Rivett's appointment, which is effective immediately, is the result of Fairfax Financial Holdings exercising its right to appoint a director to the Board of Directors under the terms of the private
placement of senior unsecured convertible debentures.
"We are very pleased to welcome Paul Rivett to the Board and look forward to benefiting from his vast experience as we move forward," Mega Brands president and CEO Marc Bertrand stated.
"I also wish to acknowledge Peter T. Main's significant contribution during his six years on our Board. He was a valuable source of industry and marketing knowledge and a great supporter of our company. We wish him well in his future endeavors," added Bertrand.