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Canada | CFO Moves – week ending December 30, 2016 - January 6, 2017


Tracking CFO Movement Across Canada.



CFO Moves – week ending January 6, 2017

Winpak Ltd. [WINNIPEG] (TSX: WPK) announced the retirement of Ken Kuchma, the Company’s Vice President & Chief Financial Officer. After 28 years with the Company in various senior administration roles, the last nine as CFO, Mr. Kuchma has decided to retire, effective May 1, 2017. Replacing him as Winpak’s new Vice President & CFO on that date will be Larry Warelis. Mr. Warelis has been with Winpak since 1997 as the Director of Corporate Accounting & Treasury.

Anaconda Mining Inc. [TORONTO] (TSX: ANX) announced that Chief Financial Officer (“CFO”), Errol Farr, has informed the Company that he shall resign, effective March 31, 2017 to pursue other opportunities.

Medical Facilities Corporation [TORONTO] (TSX: DR) announced that it has appointed Tyler Murphy as Chief Financial Officer of the Corporation. Mr. Murphy has over 15 years’ experience in senior financial management in the healthcare industry and prior to joining the Corporation he served as Vice President and Treasurer with one of the largest publicly-traded healthcare companies in the United States. Prior to this he was with another large investor-owned organization as Senior Vice-President, responsible for treasury, risk management and investor relations.

Pine Cliff Energy Ltd. [CALGARY] (TSX: PNE) announced the resignation of Kristi Kunec, Chief Financial Officer and Corporate Secretary, effective January 16, 2017. The company has appointed Cheryne Lowe as Chief Financial Officer and Corporate Secretary. Ms. Lowe currently holds the position of Vice President, Finance with Pine Cliff and held the position of Interim Chief Financial Officer and Corporate Secretary of the Company from November 16, 2015 to November 14, 2016. Ms. Lowe previously held the position of Vice President, Finance and Chief Financial Officer at Orlen Upstream Canada Ltd. and its predecessor TriOil Resources Ltd. from January 2010 to June 2015.


CFO Moves – week ending December 30, 2016

Saputo Inc. [Montréal] (TSX: SAP) announced that Louis-Philippe Carrière, the Company’s Chief Financial Officer and Secretary, has advised that he will retire effective August 1, 2017, after 30 years with the Company. On such date, Maxime Therrien will be appointed Chief Financial Officer and Secretary. Mr. Therrien is currently the Company’s Executive Vice President – Finance & Administration. He has been with the Company since 1996, and has held several senior management positions in finance and administration, both at the divisional and at the corporate level. Starting August 1, 2017, Mr. Carrière will act as a senior advisor to the Company. The Board of Directors of the Company will propose Mr. Carrière as a new nominee for election to the Board at the next meeting of shareholders to be held on August 1, 2017.

Zafin [TORONTO] announced that Sibel Turkmen has joined the company’s Executive Leadership Team as Chief Financial Officer (CFO). Turkmen joins Zafin from D+H Canada, where she was Global Controller and Chief Accounting Officer. Prior to her role at D+H, she held Executive Vice President and Chief Financial Officer positions at Turkish Telecom GSM-Business-Avea, Vodafone Turkey, Deutsche Bank, Finansbank and Anadolu Group for 15 years.

VersaBank [LONDON, Ontario] (TSX: VB) and PWC Capital Inc. (TSX: PWC) jointly announced that each has appointed Shawn Clarke as its Chief Financial Officer (“CFO”). Mr. Clarke joined VersaBank in 2005 and has held a number of executive roles of increasing responsibility including Chief Risk Officer and was appointed to Chief Operating Officer in 2013. Mr. Clarke will retain his title of and responsibilities associated with Chief Operating Officer subsequent to his appointment to CFO. The effective date of Mr. Clarke’s appointment is January 31, 2017. Clarke replaces Barry Walter in the role.

Mountain Province Diamonds Inc. [TORONTO and NEW YORK] (TSX: MPV, NASDAQ: MDM) announced that Bruce Ramsden, Vice President Finance and CFO, has tendered his resignation with effect from January 31, 2017. Pending the appointment of Mr. Ramsden’s successor, Jennie Ly, Controller of Mountain Province, will serve as acting CFO with effect from February 1, 2017.

Tornado Global Hydrovacs Ltd. [CALGARY] (TSX-V: TGH) announced that Connie Ping, Chief Financial Officer and Vice President Administration is no longer an officer of Tornado. Bill Rollins has been appointed Interim Chief Financial Officer of the Company.

Urban Communications Inc. [VANCOUVER] (TSX-V: UBN) announced the appointment of Annie Chan as its Chief Financial Officer. Ms. Chan has held senior accounting and finance roles at both private and public companies including HSBC Bank Canada, Bralorne Gold Mines Ltd. and Levon Resources Ltd. Ms. Chan replaces interim CFO Julie van Baarsen.

Alset Energy Corp. [THUNDER BAY, ONTARIO] (TSX-V: ION) announced the appointment of Albert Wu as the Company’s new CFO, replacing Evan Asselstine.

Cuba Ventures Corp. [VANCOUVER] (TSX-V: CUV) announced the appointment of Tim Fernback as its Chief Financial Officer (“CFO”). Mr. Fernback ran the technology consulting practice for Discovery Capital Corporation. Mr. Fernback went on to run the Investment Banking and Corporate Finance Departments for Wolverton Securities Ltd. Currently, Mr. Fernback is Regional Director of The CFO Centre Limited. Mr. Fernback has served as both a Director and Officer of several public companies.

Rugby Mining Limited [VANCOUVER] (TSX-V: RUG) announced that it has appointed Alejandro Adams as the Chief Financial Officer (“CFO”) of the Company. Adams replaces Jonathan Hermanson in this position, who will be moving into the new role of Vice President, Corporate Development.

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