TORONTO, Feb. 2, 2012 /CNW/ - The Board of Directors of Davis + Henderson Corporation (TSX: DH) ("D+H" or the "Company") today announced that Gerrard Schmid, the Company`s President and Chief Operating Officer, has assumed the role of CEO and joined the D+H Board. This appointment is consistent with the Company's succession plan and follows the previously announced planned retirement of Bob Cronin.  Mr. Cronin will serve as an advisor to the CEO through 2012 to finalize the transition.

Mr. Schmid has more than 15 years of experience in financial services, serving in senior capacities in the domestic and international banking industry. Prior to joining D+H in 2007 as President of one of D+H's operating divisions, he served as head of the deposits and overdraft lending business of Lloyds TSB Bank in the United Kingdom and inCanada as Chief Operating Officer of CIBC's retail bank where he was responsible for telephone banking and internet channels, sales automation technologies, operational risk and several other functions. Mr. Schmid is also actively involved in the community as a Board member of the Sunnybrook Hospital Foundation and as a member of theToronto Cabinet of the United Way.