Monday, June 7, 2010

Canadian CFO’s on the Move – week ended June 4, 2010

Rainy River Resources Ltd. (TSX-V: RR) announced the appointment of Nicholas J. Nikolakakis as Vice President and Chief Financial Officer of the Company. He succeeds James Grinnell, who will continue to serve as Rainy River's Controller.

The Caisse de dépôt et placement du Québec (one of the leading institutional fund managers in Canada) announced the departure of Ghislain Parent, Executive Vice-President and Chief Financial Officer. The search for a replacement has been under way for some time, and an appointment for this position will be announced shortly. In the meantime, Michael Sabia, President and Chief Executive Officer, will continue to handle these responsibilities.

Gee-Ten Ventures Inc. (TSX-V: GTV) has announced that Pierre Barnard has been appointed as interim CFO.

Stream Oil & Gas Ltd. (TSX-V: SKO) announced the appointment of James Hodgson to the position of Chief Financial Officer. Until recently Mr. Hodgson was the CEO of United Oil Projects in Kuwait and has held senior management and executive positions with Kuwait Foreign Petroleum Exploration Company, Qatar Petroleum, PanCanadian Petroleum (Encana) and Esso (Exxon) Canada.

Mullen Group Ltd. (TSX: MTL) announced that David E. Olson has advised Mullen of his intention to retire as Vice President, Finance and Chief Financial Officer of Mullen effective July 31, 2010 after more than 25 years of service with the Mullen organization.

NioGold Mining Corporation (TSX-V: NOX) announced the appointment of Jonathan Richards as Chief Financial Officer effective June 1, 2010. Mr. Richards was previously an audit manager at a premier Canadian chartered accountant firm where he specialized in the mining industry.

Sea Dragon Energy Inc. (TSX-V: SDX) announced the appointment of Olivier Serra as Chief Financial Officer. Mr. Serra has 17 years of investment banking experience previously heading the Europe, Midde East and Africa (EMEA) Oil and Gas Department of BNP Paribas.

West Kirkland Mining Inc. (TSX-V: WKM) announced the appointment of Frank Hallam, a director of the Company, as CFO.

Spitfire Energy Ltd. (TSX-V: SEL) and Whitecap Resources Inc. (currently a private company) have announced that subject to a reorganization and investment agreement, the New Management Group will be appointed upon the completion of the Agreement. Thanh Kang will be the Vice President Finance & Chief Financial Officer of the New Company.

Reitmans Canada Ltd. (TSX: RET) announced that its Board of Directors has appointed Eric Williams, C.A. has been appointed Vice-President, Finance and Chief Financial Officer.

U3O8 Corp. (TSX-V: UWE) appointed John Ross as Chief Financial Officer, effective June 4, 2010. Mr. Ross previously served as Chief Financial Officer of Colossus Minerals Inc, Cronus Resources Ltd., FNX Mining Co. and IAMGold Corp.

Ballard Power Systems (TSX: BLD) announced that Bruce Cousins, the company's CFO, is leaving to pursue other career interests and, effective June 14, Tony Guglielmin will join the company as Chief Financial Officer. Mr. Guglielmin was most recently CFO at Canada Line Rapid Transit Inc. Before that role Mr. Guglielmin served as Corporate Treasurer at BC Hydro and in a series of VP-level financial leadership roles at Finning International.

Terra Ventures Inc. (TSX-V: CAS) and Terrex Energy Inc. announced, that following finalization of the previously announced spin-out of Terrex, Norman G. Knecht has been appointed VP Finance and CFO of Terrex Energy Inc. Mr. Knecht was VP Finance & CFO of Compton Petroleum Corporation a TSX and NYSE listed company from 1997 through 2008 prior to which he was a partner with a national accounting firm.

If you have news about CFO’s on the move, or any comments on this feature, please email us.

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