CFO Moves Canada

Tracking CFO Movement Across Canada

CFO Moves Canada – week ending April 17, 2020

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CFO Moves in Canada this week include:

lululemon athletica inc. Sierra Wireless MCAN Mortgage Corporation
GreenSpace Brands Inc. Firstlight Media TerrAscend Corp.
Veritas Asset Management Inc. GCC Global Capital Corporation

Would you like to receive our weekly CFO Moves Canada blog directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

NOTE: CFO Search Report available monthly to CFOs only. Read more here.

CFO Moves Canada is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist).

Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (514) 907-0925.

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lululemon athletica inc. [VANCOUVER] (NASDAQ: LULU) announced that Patrick (“PJ”) Guido, Chief Financial Officer, will depart the company, effective May 8, 2020, in order to assume a leadership position outside of the apparel industry. Guido joined lululemon in 2018. Meghan Frank, Senior Vice President, Financial Planning & Analysis, and Alex Grieve, Vice President and Controller, will lead the finance team in the interim.

Sierra Wireless [VANCOUVER] (NASDAQ: SWIR, TSX: SW) announced that Samuel Cochrane will join as Chief Financial Officer starting May 6th. Cochrane most recently served as a Vice President of Motorola Solutions Inc. and before that as the CFO of Avigilon, which was acquired by Motorola in 2018.

MCAN Mortgage Corporation [TORONTO] (TSX: MKP) announced that Chief Financial Officer, Dipti Patel, has chosen to resign for another opportunity and will be leaving MCAN after the first quarter results are reported and the Annual General Meeting is held.

GreenSpace Brands Inc. [TORONTO] (TSX-V: JTR) announced that it has appointed Jan Faryaszewski as its new Chief Financial Officer, replacing Stuart Pasternak in this role. Faryaszewski has a long and distinguished career in Finance with major food and beverage businesses in Canada and around the world including being the CFO of Molson Coors in Canada, CFO of Danone Waters Europe and CFO of Coca-Cola Bottling in Poland.

Firstlight Media [TORONTO] announced that Tim Alavathil has been named Chief Financial Officer. Alavathil joins from Endeavor Streaming, where he served as CFO. Alavathil previously worked with JumpTV, NeuLion and Endeavor Streaming.

TerrAscend Corp. [TORONTO] (CSE: TER; OTCQX: TRSSF) announced that Adam Kozak will step down as Chief Financial Officer, and the comptroller, Stephen Baranowski, will assume the role of interim CFO at the end of April.

Veritas Asset Management Inc. [TORONTO] announced the appointment of Josie Monasterolo as Director and CFO. Josie has worked with Veritas Investment Research Corporation since 2012, and currently holds the position of Vice President of Operations.

GCC Global Capital Corporation [Vancouver] (TSX-V: GCCC) announced the resignation of Andrew (ZhiZhen) Liu from his position as Chief Financial Officer of the Company.

CFO Moves Canada – week ending May 24, 2019

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CFO Moves in Canada this week include:

Canopy Growth Corporation Mitel Toromont Industries Ltd.
Fairfax Financial Holdings Limited Liberty Health Sciences Inc. Avricore Health Inc.
GreenSpace Brands Detour Gold Corporation Excellon Resources Inc.

Would you like to receive our weekly CFO Moves Canada blog directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

NOTE: CFO Search Report available monthly to CFOs only. Read more here.

CFO Moves Canada is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist).

Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (514) 907-0925.

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Mike Lee

Canopy Growth Corporation [SMITHS FALLS, ON] (TSX: WEED, NYSE: CGC) announced the appointment of Mike Lee to its executive leadership team in the acting role of Chief Financial Officer (CFO), effective June 1, 2019. Mike’s permanent role as CFO will commence upon receiving Health Canada security clearance required for all Officers and Directors of the Company. Lee worked for companies such as E. & J. Gallo Winery, PepsiCo, and recently Constellation Brands, where he served as Senior Vice President & CFO for their Wine & Spirits Division. Most recently, Mike has served in the role of Executive Vice President, Finance at Canopy Growth Corporation. Lee replaces Tim Saunders, who will continue to serve the executive team and Board of Directors of Canopy Growth as a strategic advisor.

Mitel [OTTAWA] announced the retirement of Chief Financial Officer Steve Spooner. Vanessa Kanu, Senior Vice President of Finance, will take over as Spooner’s successor, continuing her 15-year career with Mitel.

Toromont Industries Ltd. [TORONTO] (TSX: TIH) announced that Paul R. Jewer, Executive Vice President and Chief Financial Officer, has advised Toromont that he intends to retire within two years.

Fairfax Financial Holdings Limited [TORONTO] (TSX: FFH, FFH.U) announced that, David Bonham, Vice President and Chief Financial Officer of Fairfax, recently passed away. Fairfax has appointed John Varnell, Vice President, Corporate Development, to serve as Chief Financial Officer of Fairfax on an interim basis.  Mr. Varnell previously served as the Chief Financial Officer of Fairfax on two occasions, as well as the Chief Financial Officer of Northbridge Financial Corporation and Fairfax India Holdings Corporation.

Liberty Health Sciences Inc. [TORONTO] (CSE: LHS, OTCQX: LHSIF) announced that Sheri Cholodofsky has been appointed Chief Financial Officer, subject to Florida Department of Health approval. Cholodofsky replaces Jeff Chan, Liberty’s Vice President, Finance who served as interim Chief Financial Officer following the previously announced resignation of Rene Gulliver as Chief Financial Officer effective April 14, 2019. Chan will resume his duties at Liberty as Vice President, Finance and will work closely with Cholodofsky during this transition period. Cholodofsky began her career in public accounting with global accounting firm BDO and then continued to hold the senior finance and accounting role for 14 years with Creative Staffing. In 2009 Cholodofsky joined Miami Air International where she worked for nine years in the aviation industry.

Avricore Health Inc. [Vancouver] (TSX-V: AVCR, OTCBB: AVCR) added Kevin Strong as Chief Financial Officer. Strong has over 11 years of experience as a senior regional manager in the finance sector, as well as over 11 years of experience as a Chief Financial Officer.  His sector experience includes mining, insurance and oil & gas.  Additionally, Kevin had served in management for the Winnipeg Stock Exchange (WSE) and TSX Venture Exchange (TSX-V). Strong is replacing Zula Kropivintski, Avicore’s outgoing CFO.

GreenSpace Brands [TORONTO] (TSX-V: JTR) announced that Stuart Pasternak has been hired as CFO of GreenSpace Brands. During his 30 year career, Mr. Pasternak has held senior finance and operations positions in both public and private companies of all sizes, including holding the titles of CFO, VP Business Development and Interim General Manager over the last 10 years of his career. Pasternak replace Cindy Leung, interim CFO.

Detour Gold Corporation [TORONTO] (TSX: DGC) announced the appointment of Jaco Crouse to the position of Chief Financial Officer, effective June 24, 2019. Most recently, he was Vice President Finance and Chief Financial Officer of Triple Flag Mining Finance Ltd. Prior to joining Triple Flag, he served as Vice President Business Planning and Optimization at Barrick Gold Corporation. Crouse started his career in mining in 2002 by joining Xstrata Alloys. He also fulfilled the role of Asset Manager at Glencore following its merger with Xstrata in 2013 and was responsible for integrating their nickel marketing offices.

Excellon Resources Inc. [TORONTO] (TSX: EXN, OTC: EXLLF) announced the resignation of Rupy Dhadwar from his position of Chief Financial Officer. Ronald Mariño, Vice President Finance, will serve as interim CFO.

CFO Moves Canada – week ending February 1, 2019

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CFO Moves in Canada this week include:

Granite Creek Copper Ltd. Champion Bear Resources Ltd. Founders Advantage Capital Corp.
Pipestone Energy Corp. GreenSpace Brands Inc. Rigel Technologies Inc.

Would you like to receive our weekly CFO Moves Canada blog directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

NOTE: CFO Search Report available monthly to CFOs only. Read more here.

CFO Moves Canada is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist).

Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (514) 907-0925.

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Granite Creek Copper Ltd. [VANCOUVER] (TSX-V: GCX) announced the appointment of Mathew Lee to the role of Chief Financial Officer (“CFO”). Lee replaces Michael Rowley who has stepped down from his role as CFO for Granite Creek in order to concentrate on his responsibilities as President and CEO of fellow Metallic Group company, Group Ten Metals. Mr. Rowley will continue as a Director of Granite Creek.

Champion Bear Resources Ltd. [CALGARY] (TSX-V: CBA) announced the resignation of Audrey Och as Chief Financial Officer.

Founders Advantage Capital Corp. [CALGARY] (TSX-V: FCF) announced that it has appointed Ron Gratton as interim Chief Financial Officer. Gratton is an independent Board member of the company.

Pipestone Energy Corp. [CALGARY] (TSX-V: PIPE) announced the appointment of Craig Nieboer as Chief Financial Officer to be effective February 11, 2019. Nieboer most recently served as Chief Financial Officer of CES Energy Solutions Corp. since 2008. Nieboer replaces Eva Kiefer who has served as interim Chief Financial Officer.

GreenSpace Brands Inc. [TORONTO] (TSX-V: JTR) announced that Greg Guyatt, Chief Financial Officer, will be leaving the Company to pursue another senior finance opportunity.  GreenSpace appointed Cindy Leung, currently Vice President of Finance, to the position of Interim Chief Financial Officer.

Rigel Technologies Inc. [TORONTO] announced the appointment of John Langmuir as the Company’s Chief Financial Officer. Recently he was Corporate Controller for Dundee Energy Limited Partnership. Prior to joining Dundee, Mr. Langmuir provided independent Controllership and CFO services to a number of small and mid-market organizations for approximately 10 years. In addition, Mr. Langmuir has held the role of CFO at separate times for one of Canada’s largest fuel distribution companies and an emerging biotech company. He is also the CFO of Jubilee Gold Exploration Ltd. Langmuir will succeed Keith Li, who has served as the Company’s CFO since December 2017.

CFO Moves Canada – week ending June 22, 2018

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CFO Moves in Canada this week include:

Hut 8 Mining Corp. GreenSpace Brands Inc.

Would you like to receive our weekly CFO Moves Canada blog directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

NOTE: CFO Search Report available monthly to CFOs only. Read more here.

CFO Moves Canada is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist).

Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (514) 907-0925.

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Hut 8 Mining Corp. [TORONTO] (TSX-V: HUT, OTCQX: HUTMF) appointed Jimmy Vaiopoulos as its Chief Financial Officer and Corporate Secretary, effective July 10, 2018.  Vaiopoulos joins Hut 8 following his role as CFO with a TSXV-listed commercial solar solutions provider, where he served since 2015.  Prior to that role, he worked with KPMG in both audit and advisory practices with a focus on energy and infrastructure markets.

GreenSpace Brands Inc. [TORONTO] (TSX-V: JTR) announced the appointment of Greg Guyatt as Chief Financial Officer. Guyatt previously held executive roles as Vice President, Finance at Sears Canada and Vice President, Controller at Biovail Corporation. Most recently, Mr. Guyatt held the position of Senior Vice President, Finance at KingSett Capital. Mr. Guyatt and began his career at Deloitte & Touche and as an investment banker at UBS Warburg in the United Kingdom. Cindy Leung will be stepping down as interim CFO and will continue in her role as Vice President of Finance.

CFO Moves Canada – week ending May 18, 2018

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CFO Moves in Canada this week include:

Waste Connections, Inc. Big Rock Brewery Inc. Strongbow Exploration Inc.
Axion Ventures Inc. GreenSpace Brands Inc. ESI Energy Services Inc.
Sundial Growers Inc. MLG Blockchain Consulting

Would you like to receive our weekly CFO Moves Canada blog directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

NOTE: CFO Search Report available monthly to CFOs only. Read more here.

CFO Moves Canada is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist).

Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (514) 907-0925.

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Waste Connections, Inc. [TORONTO] (TSX/NYSE: WCN) announced that, effective July 1, 2018, Mary Anne Whitney, Senior Vice President – Finance, will succeed Worthing Jackman as Chief Financial Officer.  Mary Anne has had extensive experience with the Company since 2006.

Big Rock Brewery Inc. [CALGARY] (TSX: BR) announced that Chief Financial Officer, Barbara Feit, has resigned from her position, effective June 12, 2018.

Strongbow Exploration Inc. [VANCOUVER] announced the appointment of Matthew Hird as Chief Financial Officer. Hird spent over eight years at Kaz Minerals plc, including six years as Chief Financial Officer. Prior to his appointment at Kaz Minerals plc, he was Company Secretary and Group Reporting Manager at Vedanta Resources plc. He has also served as Chief Financial Officer at African Minerals Limited and more recently, as Chief Financial Officer at Sierra Rutile Limited. Prior to his work in the natural resources sector, he spent nine years at Deloitte.

Axion Ventures Inc. [VANCOUVER] (TSX-V: AXV) announced the appointment of Ka Kong (Steve) Ng as the Company’s new Chief Financial Officer. Mr. Ng joins Axion Ventures with more than 15 years of experience in the public accounting industry in China and Hong Kong where he was most recently a Partner at Grant Thornton.

GreenSpace Brands Inc. [TORONTO] (TSX-V: JTR) announced the Company’s Chief Financial Officer, Keith Jackson has resigned. Cindy Leung, Vice President of Finance, will serve as interim CFO. Leung joined GreenSpace in November 2015 and has previously acted as interim CFO for GreenSpace during a period in 2017. Prior to joining GreenSpace, Cindy had over ten years of experience in public accounting, assurance and tax.

ESI Energy Services Inc. [CALGARY] (CSE: OPI) announced that Ted Rigaux has resigned from the position of Chief Financial Officer of ESI for personal reasons. Rigaux plans to go on parental leave until October 1, 2018, when he will return to ESI. The Company has appointed Priyanka Bambaranda as interim Chief Financial Officer.  Bambaranda has been employed by the Company since April 2013 as a Senior Accountant, progressing to Corporate Controller in October 2014. Prior to that, she held a number of senior accounting positions, including 10 years as a Senior Accountant with a major engineering and construction company.

Sundial Growers Inc. [MD ROCKY VIEW, AB] welcomed Jim Keough as the company’s Chief Financial Officer (“CFO”). Prior to joining Sundial, Keough worked for 20 years as CFO of the Bumper Group of Companies. He has also worked locally and internationally for major accounting firms.

MLG Blockchain Consulting [TORONTO] announced the addition of Kyle Fry as Chief Financial Officer. Kyle is also a Certified Blockchain Expert (Blockchain Council) and is involved in various blockchain network groups such as Columbia Blockchain Alliance (CBA), BlockchainNYC.org, and Blockchain Education Network (BEN). Prior to his role at MLG Blockchain, Kyle spent almost 10 years at Credit Suisse in the M&A.

CFO Moves Canada – week ending August 18, 2017

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CFO Moves in Canada this week include:

HBC Clarke Inc. Ashanti Sankofa, Inc.
Parkit Enterprise Inc. GreenSpace Brands Inc.

Would you like to receive our weekly CFO Moves Canada blog directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

NEW: CFO Search Report available monthly to CFOs only. Read more here.

CFO Moves Canada is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist). Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (514) 907-0925.

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HBC [TORONTO & NEW YORK] (TSX: HBC) announced Edward Record has been named Chief Financial Officer, effective August 28, 2017. He joins HBC after more than three years as Chief Financial Officer for J. C. Penney Company, Inc. (“JCP”). Prior to JCP, Record most recently served as Executive Vice President, Chief Operating Officer of Stage Stores, and previously as its Chief Financial Officer. Record has also held executive leadership positions in finance at Kohl’s and Belk. Record began his extensive career in retail at Kaufmann’s, a division of The May Department Store Company, holding various roles across the finance department, ultimately working his way up to VP of Finance and Controller. Mr. Record succeeds Paul Beesley, who, as previously announced is leaving HBC. Mr. Beesley has agreed to remain with the Company for a period of time to ensure a smooth transition.

Clarke Inc. [HALIFAX] (TSX: CKI) announced that Kim Langille has resigned as Chief Financial Officer, effective August 30, 2017, in order to pursue a financial position at another company. Clarke announced that Stephen Cyr, Clarke’s Vice President of Accounting, has been appointed Chief Financial Officer. Mr. Cyr has acted as Manager of Finance, Controller and then Vice President of Accounting at Clarke since 2008 and previously acted as Senior Accountant with a professional services firm.

Ashanti Sankofa, Inc. [VANCOUVER] (TSX-V: ASI) announced that William Pettigrew has resigned as a director and as Chief Financial Officer of the Company. The Company has appointed Nancy Zhao as the Chief Executive Officer of the Company to replace Mr. Pettigrew.  Ms. Zhao has experience in accounting and finance for various industries including mining, realtor development, property management, sports entertainment, marketing and farming. She also currently holds the position of Chief Financial Officer of Blox, Inc.

Parkit Enterprise Inc. [VANCOUVER] (TSX-V: PKT, OTCQX: PKTEF) announced that it has appointed JoAnne Odette to the office of Chief Financial Officer of the Company, replacing Nigel Kirkwood. Mr. Kirkwood has resigned his office with Parkit to pursue another opportunity. Ms. Odette has worked closely with Mr. Kirkwood and Parkit’s management team over the last 14 months.

GreenSpace Brands Inc. [TORONTO] (TSX-V: JTR) announced the hiring of a new Chief Financial Officer, Keith Jackson.  Prior to joining Greenspace, Keith was the Chief Financial Officer of Worldlynx Wireless. Keith has held Executive Finance roles at Worldlynx Wireless, Bell Canada, Virgin Mobile and General Motors. Cindy Leung will be stepping down as interim CFO and will continue in her role as VP of Finance.

CFO Moves Canada – week ending June 2, 2017

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CFO Moves in Canada this week include:

TerraVest Capital Inc. Maya Gold & Silver Inc. Mexican Gold Corp.
Omineca Mining and Metals Ltd. Mission Ready Services Inc. Altair Resources Inc.
GreenSpace Brands Inc.

Would you like to receive our weekly CFO Moves Canada blog directly in your email? Click the SIGN ME UP! button on the right of the blog page.

Should you have any CFO Moves to report, please email us.

NEW: CFO Search Report available monthly to CFOs only. Read more here.

CFO Moves Canada is published by Samuel Dergel (Executive Search Consultant and CFO & Financial Executive Search Specialist). Samuel can be reached by email at samuel@dergelcfo.com or by phone at +1 (514) 907-0925.

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TerraVest Capital Inc. [VEGREVILLE, AB] (TSX: TVK) announced the appointment of Sebastien Provost as Chief Financial Officer of TerraVest. Mr. Provost has been with TerraVest since 2016 when he joined the company as Vice President of Finance for Gestion Jerico Inc. Prior to joining TerraVest, Mr. Provost held positions with Laboratoire Dentaire Summum as Director of Finance & Administration and with Intact Insurance as Director of Finance.

Maya Gold & Silver Inc. [BLAINVILLE, QUEBEC] (TSX-V: MYA) announced that Alain Lévesque, Chief Financial Officer (“CFO”), has resigned from the Company to pursue other personal and professional opportunities.

Mexican Gold Corp. [THUNDER BAY, ONTARIO] (TSX-V: MEX) announced the appointment of Gavin Nelson as Chief Financial Officer. He succeeds Vivian Gu who recently accepted an accounting position with another employer.

Omineca Mining and Metals Ltd. [CRANBROOK, BRITISH COLUMBIA] (TSX-V: OMM) announced that Andrew Davidson, a current director, will assume the role of CFO and Corporate secretary replacing Glen Diduck as Chief Financial Officer.

Mission Ready Services Inc. [VANCOUVER] (TSX-V: MRS) announced the appointment of Dong Shim as CFO and Secretary of the Company. Nicolette A. Keith has stepped down as CFO and Secretary of the Company to pursue another professional opportunity. Mr. Shim has served as an audit partner on numerous audit engagements with a mid-size firm located in Vancouver, British Columbia, where he audited various publicly traded companies, primarily focusing on junior mining, oil and gas, pharmaceutical, and high-tech industries. As an audit partner, Mr. Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market. Mr. Shim is currently the President of Golden Tree Capital Corp. and SHIM Accounting Corporation with a primary focus on business advisory, corporate consulting and regulatory filings both in the United States and Canada.

Altair Resources Inc. [VANCOUVER] (TSX-V: AVX) announced the resignation of Robert Naso as Chief Financial Officer of the Company and the appointment of Nick DeMare as interim Chief Financial Officer.  Mr. Naso will remain as a director of the Company. Mr. DeMare CPA, CA, is the President and principal of Chase Management Ltd.

GreenSpace Brands Inc. [TORONTO] (TSX-V: JTR) announced the forthcoming departure of Mathew Walsh, the Company’s Chief Financial Officer, who will be undertaking a geographical move for personal reasons following the completion of the Company’s fourth quarter results. The Company has identified a well-qualified replacement who the Company expects to announce at a later date. Through the interim period, Cindy Leung, GreenSpace’s Vice President Finance, will be appointed to the position of Interim Chief Financial Officer effective June 22, 2017. Cindy Leung joined GreenSpace in November 2015. Cindy is currently actively involved in managing all the internal finance functions within the Company. Prior to joining GreenSpace, Cindy had over ten years of experience in public accounting, assurance and tax.