CFO Moves Canada

Tracking CFO Movement Across Canada

CFO Moves Canada – week ending June 5, 2020

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CFO Moves in Canada this week include:

Velan Inc. Savaria Corporation ATS Automation Tooling Systems Inc.
TouchBistro AirBoss of America Corp. Earth Alive Clean Technologies Inc.
Hinterland Metals Inc. 3 Sixty Risk Solutions Ltd. Aftermath Silver Ltd.
Discovery Harbour Resources Corp. Metamaterial Inc. Nevada Sunrise Gold 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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Velan Inc. [MONTREAL] (TSX: VLN) announced the appointment of Rejean Ostiguy as its new Chief Financial Officer. He is succeeding John Ball, who has been Chief Financial Officer since June 2005.  Ostiguy pursued a career in the finance departments of various industries, namely at Bombardier Recreational Products Inc (“BRP”) and more recently at Knowlton Development Corporation (“KDC”). Ostiguy joined the Company in August 2019, Ball will continue to support the Company as Executive Vice President, Global Finance.

Savaria Corporation [LAVAL, Québec] (TSX: SIS) announced that it will move the CFO function to Brampton, Ontario, home of its core North American manufacturing facility and the home base for the Corporation’s CEO and VP of Operations. As a result of this decision, Mauro Ferrara will be leaving Savaria effective August 21, 2020.

ATS Automation Tooling Systems Inc. [CAMBRIDGE, ON] (TSX: ATA) announced that Maria Perrella has resigned as Chief Financial Officer, effective June 26, 2020, to pursue another business opportunity with a privately held organization. Ryan McLeod, the Company’s Vice President, Corporate Controller, will assume the role of interim Chief Financial Officer. McLeod joined ATS in 2007 as Manager of Reporting and Compliance, became Director of Finance in 2010, and assumed the role of Vice President and Corporate Controller in 2014. Prior to ATS, he served in a finance management role at CIBC Mellon and began his career at Ernst & Young LLP.

TouchBistro [TORONTO] announced that John Doolittle has joined its executive leadership team in the role of Chief Financial Officer (CFO). Most recently, Doolittle was CFO at OpenText. Previously, Doolittle held many senior finance roles at NORTEL. He was appointed CFO in 2009 and helped lead the company’s restructuring effort following its bankruptcy declaration earlier in that year. Prior to NORTEL, Doolittle served as the Vice President of Finance for the Bank of Montreal’s Global Treasury Group.

AirBoss of America Corp. [NEWMARKET, Ontario] (TSX: BOS) announced that it has appointed Frank Ientile to the role of Chief Financial Officer. He was previously the Chief Financial Officer for Michigan-based Certus Automotive Inc. Prior to that he held senior financial positions with GFL Environmental, Royal Building Products, Magna Exteriors and Interiors and Mack Canada Inc.

Earth Alive Clean Technologies Inc. [MONTREAL] (TSX-V: EAC) announced the appointment of Frédéric Beausoleil as Chief Financial Officer. Liette Nadon, who has served as Earth Alive’s interim Chief Financial Officer since 2017 will continue to play a key role at the Company as Corporate Controller. Prior to joining Earth Alive, Mr. Beausoleil was Managing Director, Investment Banking at Desjardins Capital Markets.

Hinterland Metals Inc. [Val d’Or, Quebec] (OTC: HNLMF) announced that Claude Ayache has resigned as Chief Financial Officer of the Company. Ayache will remain as director of the Company. Binyomin Posen has been appointed Chief Financial Officer to fill the vacancy created by the foregoing resignation.

3 Sixty Risk Solutions Ltd. [ALMONTE, Ontario] (CSE: SAFE, OTCQB: SAYFF) announced Ernest Petrasovic as its new Chief Financial Officer (CFO). Petrasovic began his career at Thorne Riddell, then known as one of the ‘Big Eight’ audit firms in Toronto, and has held a number of CFO positions with companies in retail, construction, franchising, and automotive services.

Aftermath Silver Ltd. [Vancouver] (TSX-V: AAG, OTCQB: AAGFF) announced that Alastair Brownlow has been appointed as Chief Financial Officer (CFO) of the Company. Jasmine Lau, Aftermath Silver’s current CFO, has resigned. Brownlow accumulated extensive experience working as CFO of TSXV listed mineral exploration and development companies throughout the world, including exploration and production companies in South America.

Discovery Harbour Resources Corp. [Vancouver] (TSX-V: DHR, OTC Pink: DCHRF) announced that Rodney Stevens, the Vice President and a director of the Company, has been appointed as Interim Chief Financial Officer (“CFO”) and Interim Corporate Secretary of the Company. Stevens will be replacing Sandra Wong as CFO and Corporate Secretary.

Metamaterial Inc. [HALIFAX, NS] (CSE: MMAT) announced the appointment of Keith Abriel as Interim CFO. Abriel served as the CFO of WildBrain, and a number of other public companies.

Nevada Sunrise Gold Corporation [VANCOUVER] (TSX-V: NEV) announced the departure of Brent Petterson as Chief Financial Officer. Michael Sweatman, a director of Nevada Sunrise since 2012 and currently serving as Chairman of the Company, will act as Interim CFO.

CFO Moves Canada – week ending April 6, 2018

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CFO Moves in Canada this week include:

Husky Energy Cenovus Energy Inc. Open Text Corporation
Current Water Technologies Inc. Vogogo Inc. Itafos

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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Husky Energy [CALGARY] (TSX: HSE) announced that Jon McKenzie, Chief Financial Officer, has resigned. The Company’s Controller, Jeff Hart, has been appointed Acting CFO. Hart has worked for Husky for eight years, advancing through a series of senior financial roles. Prior to joining Husky, he worked for Statoil, Imperial Oil and Deloitte.

Cenovus Energy Inc. [Calgary] (TSX: CVE, NYSE: CVE) announced the appointment of Jonathan McKenzie as the company’s next Chief Financial Officer.  He will replace Ivor Ruste who, as previously announced, will retire on April 30, 2018. McKenzie comes to Cenovus from Husky Energy Inc. where he has been Chief Financial Officer since 2015. Previously, he worked at Irving Oil Ltd. in the roles of Chief Financial Officer and Chief Commercial Officer. Prior to Irving, McKenzie worked for 10 years at Suncor Energy Inc. where he held increasingly senior roles in finance and operations.

Madhu Ranganathan

Open Text Corporation [WATERLOO, Ontario] (NASDAQ: OTEX, TSX: OTEX) announced that Madhu Ranganathan joins OpenText as EVP, CFO. John Doolittle will remain with the company until September to help complete the transition. Prior to OpenText, Madhu served for more than 9 years as the Chief Financial Officer for [24]7.ai. Madhu started her career with Liberty Mutual Financial Services and has held senior financial roles at Rackable Systems, which became SGI and is now part of HPE and Redback Networks, a telecommunications equipment company acquired by Ericsson, Jamcracker, and Backweb Technologies. She also has public accounting experience with PriceWaterhouseCoopers LLC. Additionally, Madhu currently serves as Board Member and Audit Committee Chair for ServiceSource.

Current Water Technologies Inc. [Guelph, Ontario] (TSX-V: WATR) announced that Bertan Atalay will join the Company as its Chief Financial Officer and Director. Mr. Atalay has held leadership positions in public and private corporations in Canada and the USA, as well as in Europe. Following his engineering career at Golder Associates Ltd. of Canada, Atalay spent more than 25 years at Shell in Amsterdam and Enron in London in various capacities. Most recently, he was the co-founder and CFO of Europe’s first underground natural gas storage business in Germany, which was headquartered in the Netherlands.

Vogogo Inc. [CALGARY] (CSE: VGO) announced that Jordan Greenberg has joined the Company as its Chief Financial Officer. Prior to Vogogo, Mr. Greenberg was the CFO of Nuuvera Inc. Prior to Nuuvera, Mr. Greenberg spent two years as CFO of Dundee Agriculture, a wholly-owned subsidiary of Dundee Corp. , and twelve years as the CFO of Crawford Metal Corporation. Swapan Kakumanu has stepped down from his day-to-day responsibilities as CFO.

Itafos [TORONTO] (TSX-V: IFOS) announced that Rafael Rangel resigned as Chief Financial Officer and has appointed George Burdette to serve as Chief Financial Officer. Prior to joining Itafos, Rangel was head of Americas project finance at First Solar. Prior to First Solar, Mr. Burdette had a range of experience in private equity and corporate roles at both Zaff Capital and AEI.

CFO Moves Canada – week ending September 12, 2014

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CFO Moves in Canada this week include:

OpenText Ceres Global Ag Corp. Pivotal Therapeutics Inc.
Pershimco Resources Inc. Canadian Platinum Corp.

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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OpenText (TSX: OTC) announced that John Doolittle has joined OpenText as its CFO. Paul McFeeters will remain with the company through the end of September to complete the transition.

Ceres Global Ag Corp. (TSX: CRP) announced that Mark Kucala will become the Vice-President and Chief Financial Officer of the Company, replacing Amy Stephenson. Mrs. Stephenson will take on a new role as Manager of Special Projects for the Company.

Pivotal Therapeutics Inc. (CSE: PVO) announced the appointment of Prakash Gowd as the Company’s Chief Financial Officer.  Mr. Gowd succeeds Eugene Bortoluzzi, who will remain Pivotal’s Chief Executive Officer. Mr. Gowd joins Pivotal from a leading Canadian investment bank, where he served as a Managing Director in the firm’s healthcare investment banking unit.   Mr. Gowd has been the Audit Chair and a director of a public drug developer and also as the CEO of a private drug discovery company.

Pershimco Resources Inc. (TSX-V: PRO) announced the appointment of Pierre Monet as Vice-President Finance and Chief Financial Officer of the Company. Mr. Monet was President and Chief Executive Officer of Malaga Inc., Vice-President Finance, Administration and Treasurer of Iron Ore Company of Canada (IOC) and Vice-President Finance of Produits Forestiers Alliance Inc.

Canadian Platinum Corp. announced the appointment of Karen Frisky to the position of Chief Financial Officer (“CFO”). Previously, Ms. Frisky served as Director of Finance at Great Western Minerals Group Ltd. Prior to entering the mining industry, Ms. Frisky worked in public practice before moving to private industry where she worked in senior accounting positions in the non-profit, health, manufacturing and construction sectors. Karen also currently acts as CFO for Star Minerals Group Ltd. Ms. Frisky is replacing Randy Ludwar, the current CFO, who is retiring.