Monday, June 21, 2010

Canadian CFO’s on the Move – week ended June 18, 2010

Palliser Oil & Gas Corporation (TSX-V: PXL) announced this week the appointment of Ivan J. Condic to the position of Vice President, Finance & Chief Financial Officer. Prior to joining Palliser, Mr. Condic was the Controller at an active Canadian junior oil producer. Prior thereto, he held positions with oil service and pipeline companies and KPMG.

Cymat Technologies Ltd. (TSX: CYM) announced the resignation of Trevor Sandler, the Company’s VP & CFO, effective July 2, 2010. Mr. Sandler will stay on to complete our year-end activities and AGM preparation prior to him joining his new company.

Sprott Power Corp. (SPC) announced that Martin Lim is joining the company as CFO. SPC has recently announced its formation, after the completion of an initial capital raise of approximately $20 million and its merger with Renewable Energy Developers LP ("ReD"), a private renewable energy company. SPC is a privately held Canadian company dedicated and committed to the acquisition, development and financing of renewable energy projects. SPC will be managed by Sprott Power Consulting LP ("SPCLP"), a newly-formed entity of which Sprott Consulting LP, a business unit of Sprott Inc. (TSX:SII), is the sole limited partner.

Blackline GPS Corp. (TSX-V: BLN) announced the appointment of Paula Kaner as Chief Financial Officer. Ms. Kaner succeeds Randy Henderson who departs to pursue the increasing demands of his consulting practice.

Gazit America Inc. (TSX: GAA) announced the appointment of Ms. Lenis W. Quan as Chief Financial Officer of the corporation effective July 5, 2010. Ms. Quan replaces John Todd, who was interim CFO. Prior to joining Gazit, Ms. Quan worked as a consultant, as well as at Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A) for 10 years in a number of progressive positions, most recently as Vice-President, Corporate Development and Treasury with Brookfield Homes Corporation (NYSE: BHS). Ms. Quan is a Chartered Accountant and received her initial training at Deloitte & Touche LLP.

Eurogas Corporation (TSX-V:EUG) announced the appointment of Mr. David Bhumgara as Chief Financial Officer of the Company replacing Ms. Lucie Presot. Mr. Bhumgara is a CA, CA-IT with over 16 years experience in financial reporting, budgeting, and IT. He was previously Controller – Resource Division for Dundee Corporation and has served with KPMG before assuming senior finance positions with public and private companies prior to joining Dundee Corporation.

Cyrium Technologies Inc., an Ottawa based venture backed company, in the area of advanced concentrator photovoltaic (CPV) cell solutions for the solar industry, announced the appointment of Alan L. McKinnon, Jr., is named Vice-President and Chief Financial Officer, replacing Steven Neal, who had filled the role during the interim transition period. McKinnon joins Cyrium from Vietnam Chipscale Advanced Packaging Services where he was Chief Financial Officer. Prior to this Mckinnon was with The Garrett Group of San Francisco, where since 2002 he had been senior vice president responsible for global structured financial advisory efforts.

Celeste Copper Corporation (TSX-V: C.V) announced the resignation of Mr. Tomasz Kedzierski as CFO of the Corporation for personal reasons.

Crombie Real Estate Investment Trust (TSX: CRR.UN) announced that Scott Ball has left his position with Crombie REIT as Chief Financial Officer.

Next Alternative, Inc., an Ottawa based Company (Frankfurt: N4H), announced that Bob Daly has been appointed as the firm's Chief Financial Officer. Recently, Bob held CFO positions with Klocwork and Espial where he led a successful IPO on the TSX. Daly has held a number of other senior financial roles with Ottawa-based companies including Cognos, Inc. and the Ottawa Senators Hockey Club.

Source Exploration Corp. (TSX-V: SOP) announced the appointment of Steve Filipovic, CA as interim Chief Financial Officer. Mr. Filipovic replaces Matthew Kavanagh who has resigned from the Company.

YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) announced that current CEO John Heaven will continue his role with the Company as President, Director and will also assume the role of Chief Financial Officer.

Blugrass Energy, Inc., a Calgary based Company, (OTC.BB: BLUG) is pleased to announce that they have appointed Jeff Dunphy as the Chief Financial Officer of the Company. Prior to joining Bluegrass, Jeff worked at Salman Partners, and Octagon Capital Corporation in Calgary. Mr. Dunphy has replaced Ms. Grace Sutherin who has resigned as Chief Financial Officer and as Director of the company to pursue other career opportunities.

Tango Energy Inc. (TSX-V: TEI) which, pursuant to shareholder approval was renamed Tamarack Valley Energy Ltd., has named Mr. Ron Hozjan as Chief Financial Officer. Most recently he was the Chief Financial Officer Financial Officer at Vaquero Resources Ltd. which was and Director acquired by RMP Energy Ltd. Prior to that he was the Vice President Finance and Chief Financial Officer at Vaquero Energy Ltd. which grew successfully before merging with Highpine Oil & Gas Limited.

TransAlta Corporation (TSX: TA; NYSE: TAC), today announced that Brett Gellner has been appointed Chief Financial Officer. Mr. Gellner succeeds Brian Burden, who has made a personal decision to retire from the company. Mr. Burden will assist Mr. Gellner with the transition through September 30, 2010. Mr. Gellner joined TransAlta in 2008 after 12 years with CIBC World Markets, where he was co-head of the Power & Utilities Group. Prior to CIBC, Mr. Gellner held senior roles in the corporate planning and development group at MacMillan Bloedel Ltd.

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

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