CFO Moves in Canada this week include:
|TransAlta Corporation||Tetra Bio-Pharma Inc.||Urbanimmersive Inc.|
|Toromont Industries Ltd.||Atlas Engineered Products||Cliffside Capital Ltd.|
|Walton Big Lake Development L.P.||Walton Westphalia Development Corporation|
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TransAlta Corporation [CALGARY] (TSX: TA, NYSE: TAC) announced the promotion of Todd Stack to Chief Financial Officer (“CFO”). Stack served as Managing Director and Corporate Controller of the Company since February 2017. Since joining the Company in 1990, Stack has acted as the Company’s Treasurer, Corporate Controller, as well as a member of the corporate development team reviewing greenfield and acquisition opportunities. Prior to joining the finance team at TransAlta, Stack held a number of roles in the engineering team, including design, operations and project management. Stack replaces Christophe Dehout, who will be leaving the Company to pursue new opportunities.
Urbanimmersive Inc. [LAVAL, Quebec] (TSX-V: UI, OTC PINK: UBMRF) announced the appointment of Simon Bédard as Chief Financial Officer, effective June 3, 2019. Over the years, Mr. Bédard held various senior positions including Vice-President Finance of a mid-size private company in the environmental service industry as well as senior positions held in large advisory firms (Deloitte & Touche LLP, Ernst & Young LLP) and in investment banking (Desjardins Securities Inc.). Before joining Urbanimmersive, Bédard was Chief Financial Officer of the public company ATW Tech Inc. since 2015. Bédard is also a Board member of Urbanimmersive since 2018 acting as Chairman of the Audit Committee. Mr. Bédard will remain on Urbanimmersive Board of Directors but will leave his role of the Chairman of the Audit Committee to a new member to be appointed. Bédard replace Martin Thibault, a co-founder of Urbanimmersive, who was acting as interim CFO since 2015. Martin Thibault will remain with the Company as Chief Marketing Officer effective June 4, 2019.
Atlas Engineered Products [NANAIMO, BC] (TSX-V: AEP; OTC: APEUF) announced the resignation of William (Bill) Woods as CFO. AEP has appointed Melissa MacRae to serve as the Company’s Interim CFO. MacRae has been with Atlas Building Systems, an AEP Company, since 2012, and has acted as AEP’s Group Controller since the Company went public in November 2017.
Cliffside Capital Ltd. [TORONTO] (TSX-V: CEP) announced the appointment of Praveen Gupta as Chief Financial Officer and Secretary effective as of June 20, 2019, the date of Cliffside’s annual general meeting of shareholders (“AGM”). Mr. Gupta will replace Yazdi Bharucha, who will be retiring from the position, however will remain as an advisor to the Board of Directors. Gupta is the Chief Financial Officer of CCMI. Prior to joining CCMI, he worked at Citibank in Canada (Citi) for nearly twelve years, most recently, as Chief Financial Officer of Citigroup Finance Canada.
Walton Big Lake Development L.P. [CALGARY] (the “Partnership”) announced that Neil Narfason has been appointed Chief Financial Officer and Corporate Secretary of its general partner, Walton Big Lake Development Corporation (the “GP”). Mr. Narfason is also the Chief Financial Officer of Walton Global Investments Ltd. (“WGI”), having served in that capacity since January 2, 2019. Before joining the Walton Group of Companies, Narfason was a Partner of Ernst & Young LLP for the past 15 years and prior thereto, he was a Partner with Deloitte LLP. The Partnership also announced that Michael Maier has resigned as Chief Financial Officer and Corporate Secretary of the GP. Mr. Maier will continue to serve as Executive Vice-President of WGI.
Walton Westphalia Development Corporation [CALGARY] announced that Neil Narfason has been appointed Chief Financial Officer and Corporate Secretary of the Corporation. Narfason is also the Chief Financial Officer of Walton Global Investments Ltd. (“WGI”), having served in that capacity since January 2, 2019. Before joining the Walton Group of Companies (“Walton”), Mr. Narfason was a Partner of Ernst & Young LLP for the past 15 years and prior thereto, he was a Partner with Deloitte LLP. The Corporation also announced that Michael Maier has resigned as Chief Financial Officer and Corporate Secretary of the Corporation. Mr. Maier will continue to serve as Executive Vice-President of WGI.