Friday, July 30, 2010

Twitter Me This – Recruiting in 140 characters?

“Feel... Felt… Found…” Three words one of my business partners, Jonathan Buzelan (Twitter: @buzelan) stressed to me as he helped develop my sales skills. “You need to see their side, before you can bring them to yours,” he would say. “Let your client know you understand how they feel. If you ever felt that way, tell them; and finally, share with them what you learnt that got you to think differently.” The philosophy was simple, as he explained it, “changing someone’s mindset can be a near impossibility, but if you provide them with new information, then they may be willing to form a new opinion.” Why try to convince someone of your truth when it easier to get them to discover it on their own. And what in the world does this have to do with Twitter?

When I first started exploring social media groups I was not convinced that it had any use beyond the obvious: sharing photos of my children at the lake with friends and family. I was convinced that this was the limit of its power. The idea that social media sites could help develop business relationships or any “real” relationship for that matter did not seem possible. I knew Linkedin existed but I thought of it as nothing more than an online rolodex that at the time was still in its infancy.

As the popularity of social media sites grew, I made it my business to learn more about them. I was already sharing much of my personal life on Facebook and details about my professional life on Linkedin. But what was completely unclear to me was the value and worth of the social media site or better yet “social media tool” called “Twitter”. What value could a billboard like tool which limits you to a 140 characters deliver?

At first glance, Twitter seems like the least significant of all the three Social media tools. But what I learned was that Twitter is a lot more powerful than people realize. As the Practice Leader for CFO2Grow’s CFO Search practice one of my goals is to be top of mind for CFOs, CEOs, Board Members, Investors and other business leaders in my online and offline community. Having been in the Financial Recruiting business for over 10 years and in the finance world for 20, I have developed many incredible contacts from which I have learned much. Being top of mind comes from sharing that knowledge base and experience and then delivering that relevant content to my network.

Twitter is much more than an electronic billboard; it is the way I reach out to the online world. In 140 characters, the snippet of content I send out becomes a form of free advertising about a blog (like this one), an article I read, a new job posting, a Facebook or LinkedIn update, or even just a retweet that I can easily share with my network . And the more interesting and relevant my tweets, the more people are likely to click through and read on. Providing relevant and informative content is part and parcel of being top of mind, and staying there.

A 2010 Jobvite Social Recruiting Survey stated that while 78% of companies and recruiters use LinkedIn for recruiting and 54% use Facebook, Twitter sits at a respectable 3rd place with 44%. While there is no question that LinkedIn will continue to be the lead choice for recruiters and their companies, as Twitter grows in popularity it has the potential to surpass Facebook in its relevance to the online recruiting community. The Jobvite study further stated that while Facebook use for recruiting grew 15%, Twitter’s popularity has gone up by 32%. Harnessing Twitter’s potential is the next big thing for the recruiting community.

So if you are still scratching your head at the thought of being Twitter user, then let me say this, “I understand how you feel, because that is how I felt, but let me tell you what I found out.”

Follow us on Twitter @cfo2grow. (To follow Samuel go to Twitter @cfo2dergel)

(“Twitter Me This - Recruiting in 140 characters?” is part of an ongoing discussion on Social Media and recruiting. Here are 2 more related Blogs you may be interested in reading: “What Your LinkedIn Profile Says About You”, and “Is Facebook a Career Killer?”)

Monday, July 26, 2010

Canadian CFOs on the Move – week ended July 23, 2010

Andean Resources (TSX: AND, ASX: AND) announced the appointment of Mr. Eric Edwards as its new Chief Financial Officer. Most recently, he held the position of Chief Financial Officer at International Minerals Corporation. Over the past 15 years, Mr. Edwards has been Chief Financial Officer for a number of publicly traded gold companies including Queenstake Resources, Viceroy Resource Corporation and Ivanhoe Mines.

Adeptron Technologies Corporation (TSX: ATQ) announced the appointment of Mr. Jon Szczur as Chief Financial Officer of the Company. Mr. Szczur has been Vice President of Finance at Adeptron since April 2010. From 2006 through 2009, Mr. Szczur served as Chief Financial Officer of the Wish Group of Companies.

MedMira Inc. (TSX-V: MIR, NASDAQ: MMIRF) announced the appointment of Daniel Frid as Chief Financial Officer. Most recently, he was a member of the Senior Management Team for Keane Canada Inc., serving as the Director of Finance and Information Technology.

Homeland Energy Group Ltd. (TSX: HEG) announced the Company has appointed Ajay Gupta as Chief Financial Officer effective July 13, 2010. Jeff Lowe, who has been Acting Chief Financial Officer of Homeland during the search process, will continue to provide the Company and Mr. Gupta with his expertise and support until September 30, 2010. Most recently Mr. Gupta was CFO of African Aura Resources Ltd. and Scandinavian Minerals Limited which recently merged with First Quantum Minerals Ltd. He has also worked with Deloitte & Touche LLP, DuPont Canada, Samara Group and S R Khurana & Co.

Roadking Travel Centres Inc. announced the resignation of Mr. Alan Tookey as interim CFO. In the interim, the Company appointed Mr. Greg Spicer to serve as interim CFO, in addition to existing duties as President and CEO, until a successor is appointed.

Inter-Rock Minerals Inc. (TSX-V: IRO) announced the appointment of Ms. Diane Nasadiuk to the position of Chief Financial Officer. Ms. Nasadiuk is an accountant and has been involved with Inter-Rock for the past eight years.

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

Friday, July 23, 2010

What your LinkedIn profile says about you.

While our previous blog discussed how Facebook can be a Career Killer, LinkedIn is a most definitely a Career Maker. Or rather, it has the potential to be. Forbes.com recently quoted a Jobvite study from June 2010 stating that 73.3% of companies now look to social networking sites such as LinkedIn for recruiting rather than traditional job boards. In fact, eMarketer reports that 80% of companies who recruit via social media networking use LinkedIn for their recruiting.

LinkedIn has become the social media home for executives and professionals. In fact, Forbes reports that LinkedIn is most successful in assisting recruiters and companies to identify potential exective and management-level prospects rather than entry-level professionals who still would do better to turn to traditional job posting boards.

Your LinkedIn profile is your resume, your public profile to the world. Whether you like it or not, companies and recruiters could be looking at your profile, even as you read this article. What does your LinkedIn profile say about you?

No profile – Not Good. This says you are not interested in networking or career building. It also says that you are not ‘with it’. No one wants to hire or do business with a luddite.

Few connections (under 20) – this begs the question, are you really a person worth knowing?

20-100 connections – many users fit into this category. This says you are a person worth knowing, but you’re not a connector.

100-500 connections – You are a connector. This is where most executives and professionals should be at. An executive or professional like you should have enough visibility to know 100 people like yourself.

500+ connections - You’re a star networker. If you’re not in a sales or recruiting role already, perhaps you should consider it. You are a go to guy (or gal).

Having a Closed Network – This says you are afraid of your contacts knowing who you know. It means you are protective of your contacts. The only valid reason I see for having a closed network is if you are a lawyer – maybe. Otherwise, how open you are to others defines how open they will be to you.

Having an Open Network – says you are interested in making a difference to the people in your network, by allowing all of them to see each other. To gain from networking, you need to give before you get.

So take a minute and look at your LinkedIn profile with a critical eye. Who are you connected to? Are all your connections old high school pals? Fraternity buddies? Friends? Or are all your connections career related? Are your career connections only related to your previous jobs? Or do you have many important connections at many different companies? Seek out connections that will give your profile a more well-rounded feel.

How are you presenting yourself to the world? Will a recruiter be able to see your strengths at first glance? Are your posts and comments intelligent and worthwhile? Do you contribute in a positive way to the online community?

Allow opportunities to find you. Use your LinkedIn profile to market yourself to the world.

Wednesday, July 21, 2010

Prediction: The Perfect Storm

Take the following ingredients:

- The recession is over.
- IFRS deadline approaching (January 1, 2011), with no turning back.
- Companies are hiring in finance again.
- Accounting Firms coming off the busiest busy season in years.
- Accounting professionals are leaving firms to start their own firms

Mix them together, and you have…

The biggest shortage of staff facing Accounting Firms in Canada (Big 4 and mid-tier) since 2003-2004.

Coming Soon to an Accounting Firm near you - September or October 2010.

(Please note that this Storm is predicted for Canada only).

Monday, July 19, 2010

Canadian CFOs on the Move – week ended July 16, 2010

Precision Drilling Corporation (TSX: PD) announced the appointment of Robert McNally as Executive Vice President and Chief Financial Officer. Doug Strong, currently Chief Financial Officer of Precision, will become President, Completion and Production Services.

Absolute Software Corp. (TSX: ABT) announced that Rob Chase is moving from his position as chief financial officer of the company to take on the role of chief operating officer. Joining Absolute is Errol Olsen, who has been appointed CFO. Mr. Olsen joins Absolute from Inetco Systems, where he has served as CFO since 2008. He has previously held senior finance roles at Explorer Software, Pivotal Corp. and Infowave Software.

MetalCORP Limited (TSX-V: MTC) announced that Mr. Sam Garofalo, H.B. Comm., CA, CMA, will be joining MetalCORP as the Chief Financial Officer, to replace Michael Thompson who has tendered his resignation from the Company to take effect after a reasonable transition period. Mr. Garofalo is currently the CFO for Rockex Limited, a privately-owned developing mining company, and is a Professor of Accounting at Confederation College in Thunder Bay. He has worked as an auditor with Ernst & Young, Chartered Accountants, and served as CFO for several private companies.

Vecima Networks Inc. (TSX: VCM) announced the appointment of Mr. John Hanna to Chief Financial Officer and the appointment of Vecima's former CFO, Mr. Mike Barry, to President of YourLink, Vecima's wholly owned wireless internet service provision company. Previously, Mr. Hanna was an executive at iFire Technology, where he was VP Finance & Administration.

The Churchill Corporation (TSX: CUQ) announced that following the acquisition of Seacliff Construction Corp, Mr. Daryl Sands is the Executive Vice President Finance & CFO.

ZENN Motor Company Inc. (TSX-V: ZNN) announced the appointment of Larry A. Goldberg as Chief Financial Officer. Mr. Goldberg succeeds Lawrence Schreiner who served as ZMC's CFO from 2006 and who steps down on July 30, 2010. Mr. Goldberg previously held the positions of Executive Vice-President and CFO of Pinetree Capital Ltd. as well as CFO of Mega Uranium Ltd., both TSX-listed companies.

Postmedia Network Inc., which purchased the newspaper assets of CanWest, announced a number of executive appointments in the newly formed company, including the appointment of Doug Lamb as Chief Financial Officer and Executive Vice President.

Sterling Resources Ltd. (TSX-V: SLG) announced the appointment of David Blewden to the position of Chief Financial Officer (CFO), replacing Ian Hornby-Smith who is retiring but will remain in a supporting capacity in order to ensure a smooth transition.

Redzone Resources Limited (TSX: REZ) announced the appointment of Ms. Pauline Pasetka to the non-board position of Chief Financial Officer. Ms. Pasetka replaces Redzone's former CFO Peter Miller. Ms. Pasetka was formerly a Director of Brett Resources Inc., a mineral exploration company, until its recent acquisition by Osisko Mining Corporation. Prior to this, Ms. Pasetka has held positions as Chief Financial Officer or Controller of mining companies listed on the TSX Exchange and AIM of the London Stock Exchange.

Cirrus Energy Corporation (TSX-V: CYR) announced the resignation of Ms. Pamela Orr, Chief Financial Officer.

ERA Carbon Offsets Ltd., (TSX-V: ESR), announced that Mr. Jeff Calvert has been appointed Chief Financial Officer of the company. Mr. Herrick Lau has resigned as CFO effective July 15, 2010.

Estrella International Energy Services Ltd. (TSX-V: EEN) announced that Bryan Kornegay will resign effective August 15th as a director and the Chief Financial Officer, and that Christian Bauwens will be appointed a director of the company and the Chief Financial Officer effective August 15th concurrent with the resignation of Mr. Kornegay.

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

Monday, July 12, 2010

Canadian CFO’s on the Move – week ended July 9, 2010

Excellon Resources Inc. (TSX: EXN) announced the appointment of Robert Whittall to the position of CFO of Excellon Resources Inc. Mr. Whittal has worked most recently with Volta Resources Inc. as Chief Financial Officer where he was also a founder and director. He has also held senior financial management positions with TVX Gold Inc., as Vice President, Finance and Rio Algom Limited and Anvil Range Mining over the course of his career.

Stonegate Agricom Ltd. (TSX: ST) announced the appointment of Germaine Coombs as Vice President and Chief Financial Officer, effective September 1, 2010. Ms. Coombs replaces William E. Jupp, who has resigned as Chief Financial Officer. Ms. Coombs was most recently the Corporate Controller of FNX Mining Company Inc., and previously held increasingly senior accounting roles in operations and corporate finance with the Iron Ore Company of Canada, a Rio Tinto company.

International Minerals Corporation (TSX: IMZ, Swiss: IMZ) announced that Mr. Eric Edwards has resigned from his position as Chief Financial Officer (“CFO”) in order to pursue other business opportunities. In the interim, IMZ’s Controller, Mr. Scott Weger, will be acting in the role of CFO.

Greystar Resources Ltd. (TSX:GSL, AIM:GSL) announced the appointment of David Newbold as Chief Financial Officer (CFO) of the Company effective August, 2010. David spent eleven years (1995-2006) at Placer Dome Inc. where he held positions of increasing responsibility including Senior Vice President, Commercial; Senior Vice President Strategy, Placer Dome America; President & CEO, Zaldivar Copper Mine; and Senior Vice President and CFO, Placer Dome Latin America. Prior to Placer Dome David spent several years at Outokumpu holding various finance positions.

Innovative Wireline Solutions Inc. (TSX-V: ALH) announced that Cameron Bawol has replaced Ray Charron as Vice President, Finance and Chief Financial Officer.

Trueclaim Exploration Inc. (TSX-V: TRM) announced that it has hired Mr. Stephen Holmes, CA as the Company's Chief Financial Officer.

Pinetree Capital Ltd. (TSX: PNP) announced that Larry Goldberg, the Company's Executive Vice President and Chief Financial Officer, has resigned effective August 15, 2010 to pursue other business interests. Gerry Feldman, C.A., Pinetree's Vice President, Corporate Development, will assume the role of Chief Financial Officer upon Mr. Goldberg's departure.

Mega Uranium Ltd. (TSX:MGA) announces that Larry Goldberg, the Company's Chief Financial Officer, has resigned effective August 15, 2010 to pursue other business interests. While the Company undertakes a search for Mr. Goldberg's replacement, Gerry Feldman, C.A., will assume the role of Chief Financial Officer upon Mr. Goldberg's departure. Mr. Feldman is currently Chief Financial Officer of Brownstone Ventures Inc. and is a senior officer and director of other TSX and TSX Venture Exchange-listed issuers.

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

Wednesday, July 7, 2010

Is Facebook a Career Killer?

Social media is the phenomenon of recent times. The top 3 social media sites of today - Facebook, LinkedIn and Twitter - each have their own unique features which make people come back to them again and again.

The upside of social media sites is that they allow you to connect and create community, and these sites can be very effective, if used properly, to foster and solidify relationships in the real world.

The downside of social media is that people might end up knowing much more about you then you would want them to.

In my opinion, Facebook is the most dangerous Web 2.0 site for the professional and executive. There are many ways Facebook can be detrimental to your career. One example of how it can do this is through the Games functionality.

How is that? Well, do you REALLY want to let the world know that you play Farmville or that you are very into Horoscopes? We all have our outlets for fun - and that's fine. But you need to keep in mind that others can see in real time exactly when you reached another level on Farmville. Your current (and future) employer, clients, and employees may see this activity - and it can have a negative impact on your career. Needless to say, participating in this kind of activity during working hours, even if you are officially out of the office, only makes the situation worse. Perception is reality, how much more so in virtual reality.

One solution is for professionals and executives to create a Games profile on Facebook. This way you can enjoy your favorite Facebook games without letting the professional world know what level they just reached in the online mafia.

Games are one example of how Facebook can be a Career Killer. Be careful out there.

Keep an eye out for our upcoming posts on how other social media sites affect your career.

Monday, July 5, 2010

Canadian CFO’s on the Move – week ended July 2, 2010

CIBT Education Group Inc. (TSX: MBA, AMEX: MBA) appointed Dennis Huang as the Chief Financial Officer of CIBT, replacing Tim Leong, who has resigned from his position as Chief Financial Officer. Mr. Leong has been appointed as the VP of Finance and Accounting of CIBT and will continue to provide accounting, financial and administrative services to the Company.

FMX Ventures Inc. (TSX-V: FXX-H) announced that it has appointed Carmelo Marrelli as its Chief Financial Officer. Mr. Marrelli replaces Jon Kelly who has resigned to pursue other interests. Mr. Marrelli holds a Bachelor of Commerce degree from the University of Toronto and is a qualified Chartered Accountant and Certified General Accountant.

US Silver Corporation (TSX-V: USA, OTCQX: USSIF, Frankfurt: QE2) announced the appointment of Christopher J. Hopkins as the Company's new Chief Financial Officer (CFO), replacing Joseph Rauhala. Mr. Hopkins most recently served Excellon Resources Inc. as Chief Financial Officer. Mr. Hopkins has twenty-five years of experience in financial planning and analysis, accounting, financial reporting, and corporate finance. This includes seven years of combined experience as a Chief Financial Officer.

Lumina Copper Corp. (TSX-V: LCC) announced that Martin Rip has been appointed as Chief Financial Officer, replacing Sandra Lim, who is retiring from the position. Mr. Rip is a Chartered Accountant with 10 years experience in the mineral resource sector and joins Lumina having served previously as Chief Financial Officer for a Canadian resource company.

Sinchao Metals Corp. (TSX-V: SMZ) announced the appointment of Bruce Ramsden as Vice President, Finance and Chief Financial Officer. Mr. Ramsden has been a Vice President and CFO with noted resource companies since 1996.

PetroGlobe Inc. (TSX-V: PGB), undergoing a reorganization transaction, announced the appointment of Jason James as Chief Financial Officer. Mr. James is a chartered accountant with more than 16 years of finance, business development, strategic planning and tax experience, operating in Canada. He has held the position of CEO and director of PetroGlobe Inc. for the past three years.

Toronto 2015 Pan American Games announced the appointment of Barbara Anderson as Chief Financial Officer. Most recently CFO for MaRS Discovery District and MaRS Innovation, she has worked for PepsiCo, Cara Foods, Progistix-Solutions Inc., and the Securit Group of Companies. An MBA graduate of the Rotman School of Business, University of Toronto, Anderson also is a Chartered Accountant (Ontario) and has a BSc from the University of British Columbia.

Provident Energy Trust (TSX: PVE.UN), announced that Mark Walker, Senior Vice-President, Finance & Chief Financial Officer (CFO) will step down from his role with Provident concurrent with the naming of his replacement, which is expected to be on or before September 30, 2010. Mr. Walker will remain with Provident in an advisory role for an appropriate period after that date.

Treasury Metals Inc. (TSX: TML) announced that it has appointed Dennis Gibson as Chief Financial Officer for the Company. Mr. Gibson served as Vice President, CFO and Corporate Secretary for Vector Intermediaries Inc from 1996 to 2004, as CFO for Aquiline Resources Inc. from April 2006 to December 2009 and as CFO for Laramide Resources Ltd. from April 2006. Mr. Gibson replaces James Fairbairn, former CFO for Treasury, who has stepped down to pursue other interests in the resource sector.

BioWest Therapeutics Inc. (TSX: BWE) announced that Jeff Charpentier was appointed chief financial officer of the Company. Over the course of the past fifteen years, Mr. Charpentier has successively served as chief financial officer of each of Inex Pharmaceuticals Corporation, Chromos Molecular Systems Inc. and Lignol Energy Corporation. Bruce Schmidt resigned from his position as interim chief financial officer and president of the Company effective June 28, 2010, but will continue in his role as corporate secretary and as a director of Biowest.

OPTI Canada Inc. (TSX: OPC) announced the appointment of David Halford to its Board of Directors. Mr. Halford is the Executive Vice President, Finance and Chief Financial Officer of ENMAX Corporation. He is responsible for all financial policy, planning and reporting, risk management, corporate finance, tax and treasury functions of ENMAX and its subsidiaries. Prior to joining ENMAX, Mr. Halford held Chief Financial Officer roles at OPTI, BA Energy and Irving Oil.

New Guinea Gold Corporation (TSX-V: NGG)(FRANKFURT: NG8) announced that Paul Schultz has resigned as Chief Financial Officer (CFO), and that Lisa Hartin has been appointed CFO.

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