Companies with CFOs on the Move this week include: BIOREM Inc., Xtreme Coil Drilling Corp., Emera Inc., Columbus Gold Corporation, Canada Gas Corp., ArcelorMittal Mines Canada, Cangene Corporation, Jomar Capital Corp., DirectCash Payments Inc.
BIOREM Inc. (TSX-V: BRM) announced that Robert Wood has been appointed as Chief Financial Officer of the Company. Before joining Biorem, Mr. Wood served as the CFO of Trojan Technologies, a leading global water treatment technology company. Mr. Wood also held positions of progressive responsibility in the field of financial management as a management consultant in France and at Weston Bakeries Ltd. in Toronto, Ontario.
Xtreme Coil Drilling Corp. (TSX: XDC) announced the appointment of Dale W. Wilhelm as chief financial officer, replacing Elizabeth T. Wilkinson. Most recently, Mr. Wilhelm provided senior management consulting services to two large independent North American drilling contractors. From 2002 until 2007 he held increasingly senior roles with TODCO in Houston, Texas and fulfilled the role of vice president and chief financial officer from 2005 forward.
Emera Inc. (TSX: EMA) announced that effective May 1, 2011, Nancy Tower, presently the Executive Vice President and Chief Financial Officer of Emera and Nova Scotia Power Inc., will assume the role of Executive Vice President, Business Development for Emera Inc. In addition to overall responsibility for business development, Ms. Tower will also oversee the Emera partnership with Nalcor Energy including the execution of the Lower Churchill Project as the CEO, Emera Newfoundland and Labrador. Ms. Tower, a Fellow Chartered Accountant, joined Nova Scotia Power in 1997 and has held senior positions in the company in Corporate Finance and Operations, including Controller and Vice President of Customer Operations. Ms. Tower serves on the Boards of a number of Emera investments including Bangor Hydro Electric Company, ICD Utilities, Brunswick Pipeline and Atlantic Hydrogen. Prior to joining Emera, Ms. Tower worked with Grant Thornton, A.I. Tower and Ernst and Young. Ms. Tower is currently serving on the Board of Directors of Nova Scotia Business Inc., as well as, the Advisory Council of the Dalhousie University Corporate Residency MBA Program. She is a past member of the Board of Trustees of the QEII Foundation, and the Board of Directors of CAA Atlantic. She is the former Chair of the Nova Scotia Institute of Chartered Accountants and a graduate of Dalhousie University. Emera will begin an immediate search for a new CFO.
Columbus Gold Corporation (TSX-V: CGT) announced the appointment of Akbar Hassanally as its Chief Financial Officer, replacing Sean McGrath. Early in his career, Mr. Hassanally audited junior mining companies at KPMG in Vancouver. Since 1995, he has been engaged as a mergers and acquisitions advisor, including on Wall Street with Credit Suisse First Boston and JP Morgan Chase, where he was responsible for conducting financial analysis and executing merger transactions in a variety of industries, including metals and mining.
Canada Gas Corp. (TSX-V: CJC; OTC-BB: CJCFF; FSE: YXEN) appointed Kelsey Chin as Chief Financial Officer of the Company. Ms. Chin has over 7 years experience in audit, finance and accounting within the mining and exploration industry. As an Executive Officer of TintinaGold Resources Inc. and AsiaBaseMetals Inc., Ms. Chin was involved with numerous financings and spin out transactions and was responsible for all aspects of financial services, financial reporting, and corporate governance. She holds a Bachelor of Commerce degree and is currently completing her CGA designation.
K+S Canada Holdings Inc. announced that as part of its acquisition of the majority of othe common shares of Potash One Inc. all of the existing directors and senior officers of Potash One resigned in accordance with the Support Agreement. Luis E. Mendoza, Vice President of K+S North America will serve as Chief Financial Officer of Potash One.
ArcelorMittal Mines Canada announced that Benoit Alain, formerly Vice-President, Commercial and Business Development, and also in charge of Sales and Marketing for the ArcelorMittal Group’s entire mining sector, has been appointed Vice-President and Chief Financial Officer. Mr. Alain occupied similar functions at ArcelorMittal Montreal Inc. from 2002 to 2008 before joining ArcelorMittal Mines Canada.
Cangene Corporation (TSX: CNJ) announced that Dr. John Langstaff, President and CEO of Cangene Corporation, has advised the Board of Directors ("Board") of the Company of his intention to step down from his current role after serving in this position for more than 20 years. Effective immediately, Dr. Langstaff resigns from his position as President and CEO, and from the Board of Directors, but will continue as a special advisor to the Company. The Board has initiated a search for a successor to Dr. Langstaff, and in the meantime, has appointed Michael Graham, the current CFO of the Company, as acting President and CEO.
Jomar Capital Corp. (TSX-V:: JOE.P) announced that as part of the completion of its previously announced business combination with Online Energy Inc., Thomas Love has been named as Chief Financial Officer.
DirectCash Payments Inc. (TSX: DCI) announced that it has promoted Claudette M. Dick as CFO for DirectCash Payments Inc. as well as the various other limited partnerships, partnerships, corporations, and subsidiaries that are part of the DirectCash group (collectively referred to as "DirectCash"). DirectCash's current CFO, Hendrik J. Lombard has accepted a position with another company. Ms. Dick recently returned from maternity leave and brings with her experience as Vice President of Finance (from September 2010 to January 2011) and prior thereto as Controller (from May 2004 to July 2009) at DirectCash.
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