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.

No comments: