Companies with CFOs on the Move this week: OSI Geospatial Inc., Pason Systems Inc., Sirios Resources Inc., Look Communications Inc., AbitibiBowater, Mercator Minerals Ltd., Meadow Bay Capital Corporation, Southern Arc Minerals, Rare Earth Metals Inc., Portfolio Entertainment, Norsat International Inc., Vecta Energy Corporation, High River Gold Mines Ltd., Ontario Lottery and Gaming Corporation, Entrée Gold Inc., Canada Gold Corporation, Nesscap Energy Inc., Redline Communications Group Inc.
OSI Geospatial Inc. (TSX: OSI) announced the appointment of Jim Girard as Vice President Finance and Secretary of the Company. Mr. Girard joined OSI Geospatial in 2008 as Director of Finance, and, in 2010, he was promoted to Vice President Corporate Development. Mr. Girard takes over from John Sentjens who has decided to pursue new opportunities and will continue working with the Company through a transition period.
Pason Systems Inc. (TSX: PSI) announced the appointment of David Elliott to the position of Chief Financial Officer (CFO). For the past 4 years, Mr. Elliott has been at Pason in the role of Corporate Treasurer. Prior to joining Pason, David was the Treasurer for United Farmers of Alberta, which is the largest retail co-operative in Canada. He has also held senior finance positions with Canada Safeway and Turbo Resources.
Sirios Resources Inc. (TSX-V: SOI) appointed Frederic Sahyouni as Chief Financial Officer and secretary of the company. For nearly three years, Sahyouni has acted as assistant to the president of Sirios, handling, among other things, the company's finances and investor communications.
Look Communications Inc. (TSX-V: LOK, LOK.A) announced that C. Fraser Elliott has been appointed as the Chief Financial Officer of the Company to replace interim Chief Financial Officer, Mr. McCutcheon. Since 1987, Mr. Elliott has been the president of CFE Financial Inc., a private investment banking company. In addition, from Jan. 1, 2005, Mr. Elliott was chief financial officer of Tangarine Payment Solutions Corp. Mr. Elliott was involved in both the listing on the TSX Venture Exchange in 2005, and the subsequent successful sale of the business in 2009. Mr. Elliott is also the executive chairman of the board of directors of Gowest Amalgamated Resources Ltd. and a director of Sylogist Inc., which companies are both listed on the TSX Venture Exchange.
AbitibiBowater (TSX: ABH, NYSE: ABH) announced the selection of a new Executive Team, including William G. Harvey, Senior Vice President and Chief Financial Officer. Mr. Harvey served most recently as Executive Vice President and Chief Financial Officer for AbitibiBowater Inc. He previously was Senior Vice President and Chief Financial Officer of the Company from October 2007 to July 2009. Mr. Harvey served as Executive Vice President and Chief Financial Officer of Bowater Incorporated from August 2006 to October 2007, and as Senior Vice President and Chief Financial Officer and Treasurer of Bowater from 2005 to 2006.
Mercator Minerals Ltd. (TSX: ML) announced the appointment of Mark W. Distler as Chief Financial Officer of the Company. Mr. Distler possesses senior-level financial executive experience, including positions with publicly listed mining companies, Frontera Copper Corporation and Freeport-McMoRan (Phelps Dodge Corporation). Mr. Distler holds both a Bachelor of Science in Accounting and has been a Certified Public Accountant since 1989. Mr. Distler takes over from Raymond R. Lee, who has been with Mercator since 2000 serving as a Director since 2000 and as its CFO from 2002 to present, and was one of the founders of the Company. Mr. Lee is retiring from the position of CFO but will continue as an advisor to the company and remains on the Board of Directors.
Meadow Bay Capital Corporation (TSX-V:MAY) announced the appointment of Robert Dinning as Chairman and interim CEO. Mr. Dinning has over 40 years of experience specializing in the junior mining industry. Mr. Dinning is currently Chairman of Paramount Gold and Silver Corp (NYSE/TSX:PZG) operating in Mexico (San Miguel) and Nevada (Sleeper Gold Mine) and also serves as Chief Financial Officer of ATAC Resources Ltd. (TSX-V:ATC).
Southern Arc Minerals (TSX-V: SA) announced the addition of Brian Richardson as Chief Financial Officer, replacing Cyrus Driver who was interim CFO. Mr. Richardson, has over 20 years experience as a CFO and has held senior financial positions for a number of public and private companies. Brian previously worked for Ernst & Young in Toronto and in Hong Kong.
Rare Earth Metals Inc. (TSX-V: RA) announced that Evan Asselstine has been appointed Chief Financial Officer for the Company. Mr. Asselstine is the CFO for Benton Resources Corp and the Controller for Metals Creek Resources Corp.
Portfolio Entertainment appointed Lorraine Rotz to the newly created position of VP Finance. Rotz has held senior financial management positions in Canada and abroad. As Director of Finance at MDS Capital Corp., a leading venture capital company with $1 billion under management, her responsibilities included all aspects of management and shareholder reporting. Most recently, she was Vice President Finance for a leading automotive solutions group, and has held senior positions at Consumers Gas (now Enbridge Inc.) and Ernst & Young in both Toronto and London, England.
Norsat International Inc. (TSX: NII, OTCBB: NSATF), announced that it has appointed Arthur Chin as its new Chief Financial Officer. Mr. Chin succeeds Trevor Greene, who has left the Company to pursue other opportunities. Mr. Chin will take office on February 1, 2011. Mr. Chin was previously with Norsat between 2002 and 2005 and was the Company’s Corporate Controller. Prior to rejoining Norsat, he held senior financial positions mostly in the high technology industry with DDS Wireless International Inc., a TSX listed company that provides wireless mobile data solutions and Ascalade Communications Inc.
Vecta Energy Corporation (TSX-V: VER) announced the appointment of Diane M. Zuber as Vice President Finance and Chief Financial Officer. Ms. Zuber brings a broad range of experience to her new role. She was Senior Financial Analyst at Kinnear Financial Limited; and prior thereto was Manager, Investor Relations at AltaGas Income Trust; Senior Analyst, Business Development at Pengrowth Management Limited; Investor Relations Analyst PrimeWest Energy Trust; Account Manager, Energy Banking, Syndications at ATB Financial; and Financial Analyst, Energy Banking at the Royal Bank of Canada.
High River Gold Mines Ltd. (TSX: HRG) announced the appointment of Yury Lopukhin as Chief Financial Officer and Director of the Company. Mr. Lopukhin currently holds the position of Senior Financial Manager at Severstal Gold LLC, a subsidiary of OAO Severstal. OAO Severstal is one of the world's leading integrated steel and mining companies with listings in Russia and on the London Stock Exchange. Mr. Lopukhin has previously held the position of Chief Financial Officer at OJSC Buryatzoloto. Prior to that, he held the positions of Senior Manager of Strategy at Severstal Resources and Consultant at Russian Investors.
Ontario Lottery and Gaming Corporation appointed Preet Dhindsa as Executive Vice President, Chief Administrative Officer and Chief Financial Officer.
Entrée Gold Inc. (TSX: ETG; NYSE AMEX: EGI; Frankfurt: EKA) announced that it has appointed Bruce Colwill as its Chief Financial Officer effective February 1, 2011. Most recently, Mr. Colwill served as Chief Financial Officer of Transeuro Energy Corp., a public oil and gas company. Between 2001 and 2009, Mr. Colwill served as Chief Financial Officer of Neuromed Pharmaceuticals Ltd. Hamish Malkin will step down from the position of CFO effective January 31, 2011, although he will continue to provide consulting services during a transition period.
Canada Gold Corporation (TSX-V: CI, Frankfurt: T9N, OTC-BB: CNGZF) announced that it has 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.
Nesscap Energy Inc. (TSX-V: NCE), formerly Asian Resource Global Strategies Inc. ("Asian Resource"), is pleased to announce that it has completed its previously announced qualifying transaction (the "Qualifying Transaction") with Nesscap, Inc. ("Nesscap"). Following the completion of the Qualifying Transaction, Paul Haber will be the Interim Chief Financial Officer. Mr. Haber is the Managing Director of Haber & Co. Ltd. which provides corporate finance and capital market advisory services to small and medium-sized businesses. From 2004 through March 2007, Mr. Haber was Vice President, Chief Financial Officer and Corporate Secretary of QuStream Corporation. From 2001 to 2004, Mr. Haber held various positions including Senior Vice President and Chief Financial Officer of Protana Inc.
Redline Communications Group Inc. (TSX: RDL), announced that Bruce MacInnis, Redline's CFO, will be leaving the Company. His departure date is anticipated to be April 30th, 2011. Bruce joined Redline in May 2010 and has been instrumental in guiding the Company through a complex period of financial restatements.
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