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CFO Moves Canada – week ending December 14, 2018

Posted on December 17, 2018 Written by Samuel Dergel Leave a Comment

CFO Moves in Canada this week include:

Boralex Inc. Calian Group Ltd. Polaris Infrastructure Inc.
Rocky Mountain Dealerships Inc. Wallbridge Mining Company Limited Peekaboo Beans Inc.
Majesta Minerals Inc. Divestco Inc. Feronia Inc.
Pioneering Technology Corp. Green Relief Inc.

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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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Bruno Guilmette

Boralex Inc. [MONTRÉAL] (TSX: BLX) announced the appointment of Bruno Guilmette as Vice President and Chief Financial Officer, effective January 14, 2019. He succeeds Jean-François Thibodeau, who has announced that he plans to retire, after having assumed this role for the past 15 years. The smooth transition will thus take place with the retirement of Mr. Thibodeau at the end of March 2019. Until recently, Mr. Guilmette served as Interim Chief Investment Officer at the Canada Infrastructure Bank. He previously served as Senior Vice President, Infrastructure Investments, at PSP Investments. Mr. Guilmette also served as Senior Director, Private Equity Investments, at the Caisse de dépôt et placement du Québec. Over the course of his career, he served on the Executive Committee of the Global Infrastructure Investor Association’s Board of Directors, and served on the Boards of AviAlliance, Isolux Infrastructure, Transelec and Southern Star. Mr. Guilmette is currently on the Board of Directors of the Canada Infrastructure Bank and will continue to assume these responsibilities following his arrival at Boralex.

Calian Group Ltd. [OTTAWA] (TSX: CGY) announced that Jacqueline Gauthier has decided to retire from the Chief Financial Officer position effective March 1, 2019. Patrick Houston accepted to join Calian effective January 10, 2019. Jacqueline will remain as Calian’s CFO until March 1, 2019 and will then stay with Calian in the role of Senior Vice-President Corporate Development. Houston began his career in public accounting with Deloitte, before moving on to DragonWave, where he held progressive senior positions including Chief Financial Officer.

Polaris Infrastructure Inc. [TORONTO] (TSX: PIF) announced the appointment of Anton Jelic as Chief Financial Officer of the Company. In his new role, Mr. Jelic will be taking over for Shane Downey.  Mr. Downey has been Chief Financial Officer of the Company since 2015.

Rocky Mountain Dealerships Inc. [CALGARY] (TSX: RME) announced the resignation of its Chief Financial Officer, David Ascott, who is leaving RME effective January 11, 2019, to pursue an opportunity in another industry. Mr. Ascott has served as RME’s CFO since August 2011.

Wallbridge Mining Company Limited [TORONTO] (TSX: WM) announced the appointment of Brian Penny as Chief Financial Officer. During his career, Mr. Penny has been instrumental in the growth of numerous companies, including as CFO of many publicly listed mining companies such as Kinross Gold, Silver Bear Resources, Western Goldfields Inc. and most recently with New Gold Inc.

Peekaboo Beans Inc. [Vancouver] (CSE: BEAN, OTCQB: PBBSF) announced that Nikki Mayer has resigned as a director, Chief Financial Officer and Corporate Secretary of the Company to pursue other opportunities. David Fong has been appointed interim Chief Financial Officer. Mr. Fong has a long-time history with Peekaboo Beans working in a financial consulting capacity for over 5 years. He obtained his Chartered Accountant (CPA) designation with BDO Canada LLP, specializing in assurance for public multi-national clients in a variety of industries including mining, oil and gas, technology, manufacturing and real estate.

Majesta Minerals Inc. [Toronto] announced that Gabriel Nachman has resigned from the Board of Directors as well as from his position as Chief Financial Officer due to health reasons. Khurram Qureshi, a current director of the Board, was also appointed to act as Chief Financial Officer.

Divestco Inc. [Calgary] (TSX-V: DVT) announced the appointment of Ruth Summers as CFO. Ms. Summers was most recently working for a public oil and gas company in treasury and strategy.

Pioneering Technology Corp. [MISSISSAUGA] (TSX-V: PTE, OTC: PTEFF) announced the recent departure of James McEwen, Chief Financial Officer. Mr. McEwen resigned in order to accept a position as Chief Financial Officer with a global, privately-owned company. Dan MacDonald will add interim CFO to his current role as President of the company.

Green Relief Inc. [HAMILTON, ON] announced the appointment of Andrew Pegg as the company’s Chief Financial Officer. Mr. Pegg joins Green Relief from Spin Master, where he served as Vice President of Finance since 2013. Previously, Mr. Pegg was the Vice President of Finance and Business Planning for Latin America and Canada at Revlon. Mr. Pegg began his career as a Financial Analyst at Citytv, and has since held progressively senior finance roles with a number of top-tier companies, including PepsiCo and Corby Spirit and Wine.

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Filed Under: Calgary, Canada, CFO, CFO Search, Chief Financial Officer, CNSX, Executive Search, Fired, Hired, Montreal, Private Equity, Replaced, Resigned, Retained Search, Toronto, TSX, TSX-V, Vancouver, Venture Capital, Vice President Finance Tagged With: Andrew Pegg, Anton Jelic, Boralex, Brian Penny, Bruno Guilmette, Calian Group, Dan MacDonald, David Ascott, David Fong, Divestco, Gabriel Nachman, Green Relief, Jacqueline Gauthier, James McEwen, Jean-François Thibodeau, Khurram Qureshi, Majesta Minerals, Nikki Mayer, Patrick Houston, Peekaboo Beans, Pioneering Technology, Polaris Infrastructure, Rocky Mountain Dealerships, Ruth Summers, Shane Downey, Wallbridge Mining Company

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Samuel Dergel

Samuel is an Executive Search Consultant and CFO & Financial Executive Search Specialist.

Samuel and his team prepares this blog weekly so you can have one comprehensive source for CFO Moves across Canada. We track CFO Moves in our quest to be the most knowledgeable and up to date Executive Search firm focusing on the Chief Financial Officer.

If you are a company that would like help with your next CFO Hire, are a CFO that is looking to hire the right deputies for your team, or are a CFO looking for your next move, feel free to contact us.

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