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Vendredi 31 Janvier 2014

Canada | CFO Moves – week ending January 17, 24, 2014


Tracking CFO Movement Across Canada.



CFO Moves Canada – week ending January 24, 2014

Hudson’s Bay Company (TSX: HBC) announced that Michael Culhane, HBC’s Chief Financial Officer, is on a personal leave of absence from the Company. Donald Watros, Chief Operating Officer of HBC, has assumed the additional responsibilities of acting Chief Financial Officer.

U. S. Steel Canada, a subsidiary of United States Steel Corporation (NYSE: X), announced several management appointments effective Feb. 1, 2014. Michael A. McQuade, who currently serves as vice president and chief financial officer, will advance to the role of president and general manager of U. S. Steel Canada. Roy S. Collins, currently serving as controller – Hamilton Works, will assume McQuade’s responsibilities. McQuade has held a variety of accounting, finance, sales and operations roles at the Ontario steelmaking facilities. Originally employed with Stelco, McQuade became the general manager – finance when U. S. Steel completed its acquisition in 2007. Collins began his 37-year career at Hamilton Works as member of United Steelworkers Local 1005. Collins joined the finance organization in 1988 and advanced through the organization to become controller – Hamilton Works in 2007.

Greater Toronto Airports Authority (GTAA) announced that Brian Gabel, the GTAA’s Vice President and Chief Financial Officer has provided notice of resignation effective March 31, 2014. Mr. Gabel will assume the position of Vice President, Stakeholder Engagement, at the Canadian Public Accountability Board, Canada’s auditor regulator.

Veresen Inc. (TSX: VSN) announced that Senior Vice President, Finance and Chief Financial Officer, Richard Weech, is leaving Veresen to accept a leadership role with another company. Mr. Weech’s resignation is effective February 7, 2014. Theresa Jang will be appointed interim Chief Financial Officer upon Mr. Weech’s resignation. Ms. Jang joined Veresen in 2006 as Controller and was appointed Vice President, Controller in 2009, a role she held until she was appointed Vice President, Finance and Risk Management in 2013. Ms. Jang previously served as interim Chief Financial Officer of Veresen (then Fort Chicago Energy Partners L.P.) in similar circumstances for seven months in 2009.

Fortune Minerals Limited (TSX: FT) announced the promotion of Adam Jean to the position of Vice-President Finance and Chief Financial Officer of the Company. Adam has been with Fortune for six years as the Company’s Controller. He replaces Julian Kemp who is no longer with the Company. Prior to joining Fortune, Adam Jean was a Senior Manager with Ernst & Young LLP (“EY”).

TrinCan Capital Corp. (TSX-V: TRN) announced that Rebecca Hudson has been appointed as the Company’s new Chief Financial Officer. Ms. Hudson has served as CFO and consulted for a number of publicly-listed junior resource companies with projects in North and South America. The Company has accepted the resignation of Savi Franz, who has been CFO since August, 2010 .

Temex Resources Corp. (TSX-V: TME) announced the appointment of Derrick Weyrauch as Chief Financial Officer (“CFO”) of the Corporation. Concurrent with the appointment of Mr. Weyrauch, Edward J. Badida has resigned from the position of CFO of the Corporation, a position he held since 2003. Mr. Weyrauch currently serves as a non-executive director on the Audit, Health & Safety committee and chairs two special committees for the board of directors of Jaguar Mining Inc. He also serves as a non-executive director on the Audit Committee for the board of directors of Banro Corporation. Prior to its sale in 2013, Mr. Weyrauch served as the Chief Financial Officer of Andina Minerals Inc.

Forent Energy Ltd. (TSX-V: FEN) announced the appointment of Brad R. Perry as Chief Financial Officer of the Company. Mr. Perry has 23+ years of oil and gas experience including 16+ years as the CFO of several junior oil and gas exploration and development companies listed on the TSX and TSX Venture Exchanges, notably, Corridor Resources Ltd. in Halifax and, most recently, Tuscany Energy Ltd. in Calgary.


CFO Moves Canada – week ending January 17, 2014

AGF Management Limited announced the appointment of Sarah Davis as a director of the AGF Management Limited Board. Ms. Davis is currently the Chief Financial Officer of Loblaw Companies Ltd., a position she has held since 2010. She currently sits on the Board of Directors for President’s Choice Bank. Previously, Ms. Davis held the position of Vice President and Controller for Rogers Communications Inc.

Mood Media Corporation (TSX: MM) announced that it has appointed Thomas L. Garrett, Jr. as Executive Vice President and Chief Financial Officer. Garrett replaces Randal Rudniski who was interim CFO for the past three months and continues in his role as Executive Vice President, Investor Relations and Corporate Development. Most recently, Mr. Garrett served as Executive Vice President & Chief Financial Officer of Caregiver Services, Inc. (CSI), a position he assumed in July 2011. Prior to CSI, Mr. Garrett was the Executive Vice President & Chief Financial Officer of Precision Response Corp (PRC), a global business process outsourcing company. Mr. Garrett has also served as Senior Vice President and Chief Financial Officer at Portrait Corporation of America, and Executive Vice President & Chief Operating Officer of Churchill Mortgage Corporation. Mr. Garrett spent 16 years at The Goodyear Tire & Rubber Company, where he held finance roles with increasing responsibility culminating in the position of Director, Treasury in 1990.

NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) announced that Ernie Spraggs has announced his pending retirement from his position as Chief Financial Officer (“CFO”). Mr. Spraggs’ retirement, however, allows for a transition period that will extend to May, 2014. Mr. Spraggs has served the REIT since its initial public offering (“IPO”) in March, 2010.

Pason Systems Inc. (TSX: PSI) announced that Jon Faber has been appointed to the role of Chief Financial Officer (CFO) of Pason, effective March 1, 2014. He most recently served as Vice President, Investment Banking with National Bank Financial. David Elliott, who has held the position of Chief Financial Officer for the last three years, will continue to oversee Pason’s financial reporting and compliance activities as Vice President Finance. He joined Pason in 2006 as the Corporate Treasurer Mr. Elliott will remain Pason’s CFO until March 1, 2014.

Energy Fuels Inc. (TSX: EFR) announced that Graham G. Moylan has advised the Company that he will be resigning from his position as Chief Financial Officer effective February 15, 2014, in order to pursue an investment banking opportunity in Toronto. Daniel G. Zang the Company’s Vice President, Controller and Chief Accounting Officer will assume the role of interim Chief Financial Officer of the Company upon Mr. Moylan’s departure. Mr. Moylan was appointed the Company’s Chief Financial Officer in September 2012, after having spent approximately 7 years in the investment banking industry and acted as the Company’s primary investment banker from March 2011 until joining as the Company’s CFO. Mr. Zang has many years of experience as Chief Financial Officer, Controller, Chief Accounting Officer and other positions with a number of public and private companies, including Controller and Treasurer of General Moly, Inc. and Vice President and Controller of Cyprus Copper Company.

Jet Metal Corp. (OTC: JETMF) announced the appointment of Kate-Lynn Genzel as Chief Financial Officer of the Company. Ms. Genzel has both public practice and industry experience focused on junior mining and exploration companies publicly listed in Canada and the United States. Ms. Genzel replaces Samuel Yik as Chief Financial Officer.

Lamêlée Iron Ore Ltd. (TSX-V: LIR) announced the appointment of Marc Duchesne as Chief Financial Officer. Mr. Duchesne was formerly Senior Vice President of Finance for Consolidated Thompson Iron Mines Inc. Mr. Duchesne has also held senior financial positions with other major corporations, including Director of Finance for Domtar Inc. and Controller and Director of Corporate Finance for Tembec Inc.

Sunora Foods Inc. (TSX-V: SNF) announced that it has appointed Ali Chatur to the position of Chief Financial Officer. Mr. Chatur replaces Catherine Toews, the former Sunora Chief Financial Officer, who will be pursuing other opportunities. Mr. Chatur has performed audits for Strikepoint Gold Inc. as well as Vivant Water Inc. and ONA Resources Ltd. Mr. Chatur has been the President of L A Chatur Professional Corporation, an accounting firm in Calgary, for more than 25 years.

BSM Technologies Inc. (TSX-V: GPS) announced that Louis De Jong has been appointed Chief Financial Officer of the Company. Mr. De Jong’s previous roles include Managing Director at Jemekk Capital Management, Head of Canadian Equities at Credit Suisse, and Head of Institutional Sales at Sprott Securities. Mr. De Jong started his career as an accountant with PricewaterhouseCoopers LLP. Most recently Mr. De Jong founded and is the Managing Partner at De Jong & Co.

Stans Energy Corp. (TSX-V: HRE) announced the creation of the office of the Chief Financial Officer, with Company COO Boris Aryev serving as interim Chief Financial Officer pending hiring of a permanent CFO. Mr. Aryev will be assisted by two financial consultants, Douglas Varty, a former partner at KPMG retained to assist with the Company’s Q3 2013 and year-end filings, and Lena Masters of Administrative Services Corporation.


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