Companies with CFOs on the move this week include: Argentum Silver Corp., Eaglewood Energy Inc., Panoro Minerals Ltd., Blue Note Mining Inc., Alacer Gold Corp., Compton Petroleum Corporation, Exile Resources Inc., Redstar Gold Corp., Softchoice Corporation, Otish Energy Inc., Mxi® Technologies, Belzberg Technologies, Inc., Canadian Imperial Venture Corp.
Argentum Silver Corp. (TSX-V: ASL) announced that following the closing of its Qualifying Transaction, it has announced that Simon Anderson has been appointed as Chief Financial Officer. Mr. Anderson is the Chief Financial Officer of Arco and is President of S2 Management Inc., a private Vancouver-based company providing financial consulting and corporate advice to private businesses and public companies listed in Canada and the United States. He has served as an officer and director of several companies and has experience in the process of public listing of private companies.
Eaglewood Energy Inc. (TSX-V: EWD) announced that Arlene Weatherdon has resigned as the Company's Chief Financial Officer. She has agreed to remain in a consulting role as long as her services are required. Diana Moes, Eaglewood's Controller, will become interim CFO, taking over many of Ms Weatherdon's duties.
Panoro Minerals Ltd. (TSX-VE: PML, BVLAC: PML, FRANKFURT: PZM) announced the appointment of David W. Huber as Chief Financial Officer, replacing Michael Kerfoot. Prior to joining Panoro, Mr. Huber spent over six years in the Cayman Islands providing CFO and Corporate Secretarial services for the reinsurance industry. He also spent over five years with KPMG in the Cayman Islands and PricewaterhouseCoopers in Edmonton, Alberta.
Blue Note Mining Inc. (TSX-V: BNT) announced the appointment of Daniel Bortoluzzi as Chief Financial Officer in replacement of Robert Therriault who has left the Company. Mr. Bortoluzzi has been the Company's corporate controller since October 2008 and has over fifteen years of experience working with private and public mining and manufacturing companies. Previously, Mr. Bortoluzzi has served as corporate controller of Campbell Resources, Zemex Corporation and Lorbec Metals, and was a manager at Samson Bélair Deloitte & Touche.
Alacer Gold Corp. (TSX: ASR) announced the appointment of Douglas Tobler as Chief Financial Officer. Prior to joining Alacer (formerly Anatolia Minerals) in 2004, Mr. Tobler was president and founder of Falcon Strategic Partners where he provided advisory services to a number of mining, oil & gas, distribution and technology companies.
Compton Petroleum Corporation (TSX: CMT) announced the departure of Leigh Cassidy, Vice President, Finance and Chief Financial Officer ('CFO'). Theresa Kosek, has been appointed to the position of Vice President, Finance and CFO upon Mr. Cassidy's departure. Ms. Kosek has over 16 years of experience in the petroleum industry in roles of increasing responsibility for finance and corporate matters. She has been with Compton for over 11 years and most recently served as Controller for the Corporation. Prior to this, Ms. Kosek was employed by Grant Thornton LLP, providing financial and valuation advice to a number of small to mid-sized petroleum clients. She also serves on the Board and is Treasurer of Lunchbox Theatre.
Exile Resources Inc. (TSX-V: ERI) announced that it has appointed Darren Moulds as the Company's new Chief Financial Officer. Mr. Moulds replaces Graham Warren who has resigned from the management team and will be leaving the Company to pursue other opportunities. Mr. Moulds has held previous management positions including Chief Financial Officer of Africa Oil Corp. and Financial Controller of Upstream Operations for Centurion Energy International Inc. (Dana Gas).
Redstar Gold Corp. (TSX-V: RGC) announced the appointment of Alec Peck as Chief Financial Officer. Mr. Peck takes over from Paddy Nicol, who has been with Redstar since 1995 serving as a director from 1999 and as its CFO since 2003. From 1986 until 1993, he was a partner in Toronto and then Vancouver with member offices of the international public accounting firm Horwath International. From 1993 until March, 2004, he was a vice-president in the corporate finance group of publicly listed full-service investment dealers, first with CM Oliver and then Canaccord Capital Corp., which acquired CM Oliver.
Softchoice Corporation (TSX: SO), announced the appointment of Bill Linton to Chairman of the Softchoice board. Mr. Linton is the Vice President, Finance and Chief Financial Officer of Rogers Communications Inc. Mr. Linton has held various executive level positions throughout his career. In addition to senior roles in finance at SHL Systemhouse Inc., Rogers Wireless and Rogers Cable, Mr. Linton managed the sale of Prior Data Services Inc., to X-wave Solutions while serving as Prior Data's Chairman and Chief Executive Officer.
Otish Energy Inc. (TSX-V: OEI) announced that Iqbal Boga has joined the Company, replacing Chris Hobbs as CFO and Director. He is currently the CFO, Secretary and a director of Taku Gold Corp. (TSX-V: TAK). Mr. Boga was a sole practitioner with I. J. Boga, Chartered Accountant from 1993 to August 2007. He has acted as a director, Chief Financial Officer and Corporate Secretary for various Exchange-listed companies. Mr. Boga was an officer and director of four capital pool companies, all of which have completed Qualifying Transactions.
Mxi® Technologies (www.mxi.com) announced the appointment of Scott Helmer to the role of Chief Financial Officer (CFO). Mr. Helmer brings over 15 years of experience to the role of CFO having previously held senior finance positions with both public and private technology companies in the communications and information security markets. Prior to joining Mxi, Mr. Helmer served as CFO of Galazar Networks and held senior finance roles with ActivCard, Alcatel, and Newbridge Networks.
Belzberg Technologies, Inc. (TSX: BLZ), following a definite agreement to merge itself with Frontline Technologies Corp. through an acquisition of Frontline by Belzberg. The combined entity, will operate under the Frontline brand name. David Evans of Belzberg will continue as VP Finance.
Canadian Imperial Venture Corp. (TSX-V: CQV, Frankfurt: DFM) announced the appointment of Tina Ricketts as Chief Financial Officer and Corporate Secretary for CIVC.
If you have news about CFOs on the move, or any comments on this feature, please email us.
Monday, February 28, 2011
Tuesday, February 22, 2011
Business is my Sports, and I am a Talent Scout
In a previous post (Want to become a successful CFO?...) I discussed how I love to follow business. For the longest time I've said that business is my sports.
That is not to say I don't have a favorite sports team (Go Habs) or mourn for the nostalgia of what could have been (R.I.P. Expos), it's just that if sports was not a part of my life, it wouldn't be a great loss.
I do follow business like some people follow sports. I read the business section religiously. I keep on top of how my favorite businesses are doing this season. At lunch with business friends, I share business strategies that firms would be following if I was the head coach. I mean CEO.
Some people are Monday Morning Quarterbacks. I'm an Office Chair CEO the day after quarterly results come out.
Just like pro sports have player agents, I'm a CFO agent. Well, I'm more of a talent scout, because I work for the company, not the CFO. Actually, I'm more like a freelance talent scout, because I don't work for one team. I mean one company.
I don't work alone. My team is critical and crucial to ensure that we have access to the right CFO talent. Our talent scout agency does the necessary work upfront so that when teams need a star CFO with excellent financial and interpersonal skills, we have access to those stars and the ability to close the deals.
Yes, we get paid big bucks for this.
Do you know why? We're worth it!
Quoting Jerry McGuire (in a loud, bold voice): "Show me the money!"
That is not to say I don't have a favorite sports team (Go Habs) or mourn for the nostalgia of what could have been (R.I.P. Expos), it's just that if sports was not a part of my life, it wouldn't be a great loss.
I do follow business like some people follow sports. I read the business section religiously. I keep on top of how my favorite businesses are doing this season. At lunch with business friends, I share business strategies that firms would be following if I was the head coach. I mean CEO.
Some people are Monday Morning Quarterbacks. I'm an Office Chair CEO the day after quarterly results come out.
Just like pro sports have player agents, I'm a CFO agent. Well, I'm more of a talent scout, because I work for the company, not the CFO. Actually, I'm more like a freelance talent scout, because I don't work for one team. I mean one company.
I don't work alone. My team is critical and crucial to ensure that we have access to the right CFO talent. Our talent scout agency does the necessary work upfront so that when teams need a star CFO with excellent financial and interpersonal skills, we have access to those stars and the ability to close the deals.
Yes, we get paid big bucks for this.
Do you know why? We're worth it!
Quoting Jerry McGuire (in a loud, bold voice): "Show me the money!"
Sunday, February 20, 2011
Canadian CFOs on the Move–week ending February 18, 2011
Companies with CFOs on the move this week include: Rogers Insurance Ltd., Ridgement Iron Ore Corp., Crosshair Exploration & Mining Corp., Romios Gold Resources Inc., Pretium Resources Inc., Viridis Energy Inc., Pershimco Resources Inc., LOREX Technology Inc., NovaGold Resources Inc., Fortress Energy Inc., Abzu Gold Ltd.
Rogers Insurance Ltd., an employee owned brokerage in Western Canada, announced the appointment of Sara Robb as Vice President Finance. Sara has been employed with Rogers for 1 year.
Ridgement Iron Ore Corp. (TSX-V: RDG) announced the appointment of Anna Ladd as Chief Financial Officer, replacing Sonya Atwal. Ms. Ladd is an experienced financial professional with a wide array of experience in the mining industry. Ms. Ladd is currently the Chief Financial Officer of Logan Resources Ltd. and the former Chief Financial Officer of Sulliden Gold Corporation and Crowflight Minerals Inc. She has also held senior positions with various mining companies, including Kinross Gold Corporation and has worked in Thompson and Sudbury operations for Vale Inco.
Crosshair Exploration & Mining Corp. (TSX: CXX, Amex: CXZ) announced the appointment of Sonya Atwal as Chief Financial Officer of Crosshair, replacing Adam Kniec. Ms. Atwal has been Crosshair's Controller since 2005.
Romios Gold Resources Inc. (TSX-V: RG, OTCBB: RMIOF, FRANKFURT:D4R) announced that Michael D'Amico has been appointed as Chief Financial Officer, replacing Errol Farr, who has resigned to focus his attentions on Adex Mining Inc. where he serves as President. Mr. D'Amico is a former partner at KPMG and has served as Chief Financial Officer of several companies in various industries including distribution, technology and a publicly traded technology company. Most recently he has been providing Investor Relations and other consulting services to publicly traded mining companies.
Pretium Resources Inc. (TSX: PVG) announced that Tom S.Q. Yip, Vice President, Finance and Chief Financial Officer of Silver Standard Resources Inc., has been appointed to its Board of Directors. Mr. Yip has over 25 years experience in the mining industry, including 20 years with Echo Bay Mines Ltd. where he held finance roles of increasing responsibility, including Vice-President, Finance and Chief Financial Officer, before the company merged with Kinross Gold Corporation in 2003. Prior to his current role with Silver Standard, he was Chief Financial Officer for Asarco, LLC.
Viridis Energy Inc. (TSX-V: VRD) announced the appointment of Michele Rebiere as Chief Financial Officer. Ms. Rebiere has been the Chief Operating Officer of the Company. Ms. Rebiere replaces Isaac Moss, the Company's previous Chief Financial Officer. Mr. Moss will continue to serve as a director and Corporate Secretary.
Pershimco Resources Inc. (TSX-V: PRO, FRANKFURT: BIZ) announced the nomination of Serge Cotes, as Chief Financial Officer (CFO) of the Company. Mr. Cotes will be replacing Jacques Fortin who was acting interim CFO for the Company. Mr. Fortin will still sit as director on the Board of the Company. From 1995 to 2000, he worked for KPMG as an auditor of private and public companies. During this period he was heavily involved in various cases of public companies both in public accounting issues, taxation and financial manners. From May 2000 to April 2004, he worked for the Fonds Regional de Solidarite FTQ as an investment councilor where he joined the boards of directors of private corporations while realizing several capital investments both in private and public companies. In April 2004, he entered the broker firm National Bank Financial where he worked as an investment advisor until October 2008. From January 2009 to February 2011, he was employed by the accountant firm Deloitte in Rouyn-Noranda where he worked in the tax department, specializing, amongst other thing, in mining taxation issues.
LOREX Technology Inc. (NEX: LOX.H) announced that its Chief Financial Officer, Jordan Schwartz, has left the Company in order to pursue other business opportunities. The Company has appointed David Mundy to act as interim Chief Financial Officer, effective immediately, while it searches for a permanent replacement. Mr. Mundy, a Chartered Accountant, practiced with PricewaterhouseCoopers LLP from 1987-2000 in the firm's audit and IT practice areas. In 2000, he became an independent consultant assisting public and private companies with their financial reporting responsibilities. Since March 2010, Mr. Mundy has provided consulting services to the Company, with particular emphasis on financial reporting.
NovaGold Resources Inc. (AMEX: NG, TSX: NG) announced the appointment of Elaine Sanders to the position of Vice President and Chief Financial Officer. Ms. Sanders joined NovaGold as Controller in March 2003, was promoted to Vice President Finance in 2006, was appointed Corporate Secretary in 2008 and has been Interim CFO since April 2010. Prior to joining NovaGold, Ms. Sanders worked in the high tech sector and in the assurance practice of Price Waterhouse. While with NovaGold, Ms. Sanders also took senior management positions with the Company's spin outs as Controller for SpectrumGold Inc. and CFO for Alexco Resource Corp.
Fortress Energy Inc. (TSX: FEI) announced the appointment of J. Michael Sullivan to the position of Chief Financial Officer. Mr. Sullivan was Managing Partner of Affluence Capital Corporation. During his tenure at Affluence, Mr. Sullivan was responsible for corporate finance advisory work with a number of public and private energy companies including Western Carbon Ltd. Hyperion Technologies, International Petroreal, Brink Energy, Interex Oilfield Services and Vault Power Corp. where he acted in senior management capacity including interim chief executive officer, chief financial officer and/or chief strategy officer. Prior to establishing Affluence Capital Corporation in 2001, Mr. Sullivan was a founder and Chief Financial Officer of a private midstream infrastructure company that was sold to AltaGas Services Ltd. Prior thereto, Mr. Sullivan was the Chief Financial Officer of the Morrison Facilities Income Trust, a TSX listed entity. Prior thereto, Mr Sullivan was the manager for project finance at TransCanada PipeLines. Mr. Sullivan is a board member and Treasurer of Independent Living Resource Center which is a national non-profit charity that provides resources for disabled persons and a former board member of the Calgary Society of Financial Analysts.
Abzu Gold Ltd. (TSX-V: ABS) announced the appointment of Ross McDonald will become Chief Financial Officer for the Company, replacing Chris Cherry. Mr. McDonald has a broad range of experience in public company accounting and finance, providing accounting, audit and tax services to small and medium sized businesses. The majority of his clients are in the resource industry and include public companies, mining professionals, exploration service companies and consultants. He serves on the Board of Directors of Fjordland Exploration Ltd. and Miranda Gold Corp.
If you have news about CFOs on the move, or any comments on this feature, please email us
Thursday, February 17, 2011
Want to become a successful CFO? Quit your job...
I have always believed that when one has a career that they love, it will never seem like work. I have tried to live this principle throughout my career. It was a key driver for starting CFO2Grow. It is a key driver in pushing and continuing its growth and success.
One of the best things I love about my role is the trust people put in me. I get to be a repository of a lot of confidential information. People trust me with very important personal and corporate information that they won't share with many, if not another soul.
I'm grateful for that confidence. It allows me to do my job, and do it well.
Another thing that I love about what I do is that I get to follow businesses. What I enjoyed so much about the first few years of my career when I was an auditor at Ernst & Young was getting to see and learn from diverse businesses and understanding what made a successful business, as well as unsuccessful. Getting insights into profitability drivers and seeing economic activity in a microcosm was wonderful to observe. Seeing different management styles and ownership roles fascinated me. It still does today.
But as much as I have a job as Senior Partner and Practice Leader of our CFO Search practice, it's not my job. It's my passion. Well, one of my passions anyway.
I sometimes speak with senior finance executives who don't love their job. They don't because they haven't found anything in their career to be passionate about. Which is a shame.
I do however have the opportunity to connect with CFOs (present and future) who LOVE their job. They love their work so much, that if you ask them how many hours they put in last week, they would have to look at their agenda and start counting the hours.
I can tell within minutes of meeting a CFO whether they have a job or a passion. It's obvious. Truly successful CFOs don't have a job.
Want to become a successful CFO? Quit your job and find your passion.
One of the best things I love about my role is the trust people put in me. I get to be a repository of a lot of confidential information. People trust me with very important personal and corporate information that they won't share with many, if not another soul.
I'm grateful for that confidence. It allows me to do my job, and do it well.
Another thing that I love about what I do is that I get to follow businesses. What I enjoyed so much about the first few years of my career when I was an auditor at Ernst & Young was getting to see and learn from diverse businesses and understanding what made a successful business, as well as unsuccessful. Getting insights into profitability drivers and seeing economic activity in a microcosm was wonderful to observe. Seeing different management styles and ownership roles fascinated me. It still does today.
But as much as I have a job as Senior Partner and Practice Leader of our CFO Search practice, it's not my job. It's my passion. Well, one of my passions anyway.
I sometimes speak with senior finance executives who don't love their job. They don't because they haven't found anything in their career to be passionate about. Which is a shame.
I do however have the opportunity to connect with CFOs (present and future) who LOVE their job. They love their work so much, that if you ask them how many hours they put in last week, they would have to look at their agenda and start counting the hours.
I can tell within minutes of meeting a CFO whether they have a job or a passion. It's obvious. Truly successful CFOs don't have a job.
Want to become a successful CFO? Quit your job and find your passion.
Sunday, February 13, 2011
Canadian CFOs on the Move - week ending February 11, 2011
Companies with CFOs on the move this week include: Harry Winston Diamond Corporation, EACOM Timber Corporation, Parkland Energy Services Inc., Craig Wireless Systems Ltd., Canadian Imperial Venture Corp., Greenwin Inc., Pine Cliff Energy Ltd., Geomark Exploration Ltd., Bonterra Energy Corp., TMX Group Inc., Northland Power Inc., Relentless Resources Ltd., CTV Inc., Brigus Gold Corp., Osum Oil Sands Corp., Clean Power Concepts Inc., The Carbon2Green Corporation, Moneta Porcupine Mines Inc., St. Augustine Gold and Copper Limited
Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) announced the appointment of Cyrille Baudet to the position of Group Chief Financial Officer. With the appointment of Mr. Baudet, the structure of the finance group will also change. Wendy Kei will assume the role of Chief Financial Officer of the mining and rough diamond sales team based in Toronto while Robert Scott continues as Chief Financial Officer of the brand retail and wholesale business based in New York. Mr Baudet will remain based in Geneva at Harry Winston's watch manufacturing facility for the immediate future before moving to North America later this year. Mr. Baudet began his career with Ernst & Young in Africa and Paris auditing oil and mining companies in Africa followed by a period with PricewaterhouseCoopers in London where he focused on software companies. He then joined Richemont International as Group Senior Internal Auditor followed by assignments as Controller for Alfred Dunhill in London and Cartier International in Paris and Geneva before becoming the Controller for Cartier North America based in New York. Most recently he has been the Regional Chief Financial Officer for the Richemont Group businesses in Europe, the Middle East and South America. Mr. Baudet replaces Alan Mayne. Mr. Mayne will remain with the Company for a transition period to April 30, 2011.
EACOM Timber Corporation (TSX-V: ETR) announced the appointment of Marc Girard as its Executive Vice-President and CFO. Mr. Girard replaces Michael Liggett, the former CFO who will remain with the Company on a consulting basis. Prior to joining EACOM, Mr. Girard served as Senior Vice-President and Chief Financial Officer of SR Telecom, a TSX-listed company, and Vice-President and Chief Financial Officer of Aeroplan Income Fund, a Canadian income trust listed on the TSX. Previously, Mr. Girard was Vice-President and Treasurer at Quebecor and Quebecor Media, and he held various senior finance roles with BCE and Bell Canada.
Parkland Energy Services Inc. (TSX-V: PKE) announced that its Chief Financial Officer Allan Slobodian has resigned. As a replacement, the separator packages company has elected Bev Roome to that position. Roome is a Chartered Accountant and has been consulting independently in the Red Deer business community for the past year in both a Chartered Accountant role and officer for several local businesses. In her earlier role, Roome worked in public practice at Collins Barrow Red Deer LLP as well as owned and managed a small Red Deer based oilfield consulting company.
Craig Wireless Systems Ltd. (TSX: CWG), is pleased to announce that it has appointed Murray Bamforth as its Interim Chief Financial Officer. Mr. Bamforth replaces Wesley Thiessen, the Company's current Chief Financial Officer, who, as earlier announced, will be leaving Craig Wireless effective February 28, 2011 in order to pursue other career opportunities. Mr. Bamforth has been engaged on an interim basis while the Company continues its search for a permanent replacement CFO. Previously Mr. Bamforth held various senior positions with Manitoba Telecom Services Inc., Bell West Inc. and Allstream Inc., including Chief Corporate Officer, Chief Transition Officer, Corporate Controller, CFO and Internal Audit & Risk Management. Mr. Bamforth is currently the President of his own management consulting practice specializing in business planning, processes, transformation and financial reporting, having recent engagements with both large and small public companies. Mr. Bamforth was also previously an external audit manager for several years with Touche Ross & Co. (now Deloitte & Touche).
Canadian Imperial Venture Corp. (TSX-V: CQV) announced that Steven M. Millan, Chairman, President and CEO, will retire from his current positions in the Company effective February 8, 2011. Gerard Edwards, current CFO, will assume the positions of CEO and President in addition to his responsibilities as CFO.
Greenwin Inc. announced the appointment of Haya Zilberboim as their new CEO. Zilberboim has been in the business of real estate, investment banking, operations and finance for more than 20 years. She joins Greenwin from Fishman Holdings, where she managed the company's portfolio of North American residential and commercial properties as its COO and CFO.
Pine Cliff Energy Ltd. (TSX-V: PNE) announced that Robb D. Thompson has agreed to join the company, initially as Vice President, Finance, and will be promoted to Chief Financial Officer (CFO) effective March 31, 2011 (succeeding the existing CFO, Garth E. Schultz, who will be retiring). Mr. Thompson brings extensive experience as a previous CFO with other oil and gas companies, and as a partner with a major accounting firm.
Geomark Exploration Ltd. (TSX-V: GME) announced that Robb D. Thompson has agreed to join the company, initially as Vice President, Finance, and will be promoted to Chief Financial Officer (CFO) effective March 31, 2011 (succeeding the existing CFO, Garth E. Schultz, who will be retiring). Mr. Thompson brings extensive experience as a previous CFO with other oil and gas companies, and as a partner with a major accounting firm.
Bonterra Energy Corp. (TSX: BNE) announced that Robb D. Thompson has agreed to join the company, initially as Vice President, Finance, and will be promoted to Chief Financial Officer (CFO) effective March 31, 2011 (succeeding the existing CFO, Garth E. Schultz, who will be retiring). Mr. Thompson brings extensive experience as a previous CFO with other oil and gas companies, and as a partner with a major accounting firm.
TMX Group Inc. (TSX: X) announced that upon the merger of the TSX and the LSE, the group’s new CFO will be Michael Ptasznik, current CFO of TMX. Mr. Ptasznik will be based in Toronto.
Northland Power Inc. (TSX: NPI) announced the appointment of Paul Bradley as Chief Financial Officer. Mr. Bradley will assume his new position on April 1, 2011. Most recently Mr. Bradley was Managing Director and Head of Power and Utilities (Corporate Finance) at Macquarie Capital Markets Canada Ltd. Prior positions include Vice President, Electricity Resources at the Ontario Power Authority, and Executive Director at CIBC in the Global Power and Utilities Group. Earlier in his career, Paul held various positions in project development, finance, treasury and risk management at Duke Energy Corporation. Paul was also the founder and Managing Director of PJB Energy Solutions, a direct investment and financial advisory organization dedicated to clean technologies and renewable energy. Tony Anderson, Northland's CFO from its earliest days and financial architect of much of its growth, will remain a full member of the leadership team as Chief Investment Officer, responsible for directing new financings.
Relentless Resources Ltd. (TSX-V: RRL) announced that Randall Boyd has been appointed Vice-President, Finance, and Chief Financial Officer of the Company. Mr. Boyd has worked for more than 25 years with Canadian public and private oil and gas companies, handling a wide range of financial and corporate matters for various private clients. Randall was Chief Financial Officer at Masters Energy Inc., a TSX listed public company, from 2004 until its sale in April, 2009. Randall was also Vice-President, Investor Relations, at Chieftain International Inc. from October 1999 until its sale in August 2001. Mr. Boyd replaces Hugh M. Thomson who resigned.
CTV Inc. announced that several top-level managers, including chief financial officer John Gossling, are leaving the company.
Brigus Gold Corp. (TSX: BRD; NYSE Amex: BRD) announced that Dana Hatfield will be appointed Chief Financial Officer following the retirement of Melvyn Williams, the Company’s current Senior Vice President and Chief Financial Officer. Mr. Hatfield will join Brigus’ senior management team in March 2011 and will initially work alongside Mr. Williams who will remain with the Company through a transition period ending the second quarter of 2011. Mr. Hatfield, who joins the Company after serving as Senior Vice President, Finance, at Gammon Gold Inc., will be based in the Company’s head office located in Halifax, Nova Scotia, Canada. Before his position with Gammon, he worked at Sysco Food Services of Atlantic Canada and Grant Thornton LLP. Mr. Hatfield graduated from Dalhousie University with a bachelor of commerce degree.
Osum Oil Sands Corp. ("Osum"), a privately held Alberta in situ oil sands company, announced that Victor Roskey has joined the company as Chief Financial Officer. Previously, Mr. Roskey held senior management positions at EdgeStone Capital Partners, Enterra Energy Trust, Scotia Waterous and Citibank Canada. He has served on numerous public and private company boards.
Clean Power Concepts Inc. (OTC Bulletin Board: CPOW) announced that Randall W. Edge has joined the company as Chief Financial Officer.
Hanfeng Evergreen Inc. (TSX: HF) announced that Paul Begin has resigned as Chief Financial Officer of the Company. Hanfeng has initiated a search for a new Chief Financial Officer. Mr. Begin will remain with the Company for up to 90 days to assist in the transition.
The Carbon2Green Corporation (TSX-V: CGN) announced the resignation of Yves C. Renaud from the position of Chief financial officer.
Moneta Porcupine Mines Inc. (TSX: ME, OTC: MPUCF, XETRA: MOP) announced the appointment of Richard Boulay as interim Chief Financial Officer. The role of acting Chief Financial Officer was previously held by Ian C. Peres, who continues as the Company's President and Chief Executive Officer and Director. Mr. Boulay served as San Gold Corporation's first Chief Financial Officer from 2005 until June 2007.
St. Augustine Gold and Copper Limited (formerly Ratel Gold Limited) (TSX: SAU) announced that it has added Donald B. Mills to the CFO role. Mr. Mills brings experience and leadership to St. Augustine. Most recently, as CFO, he provided the financial stewardship during ASARCO LLC's bankruptcy proceedings. Prior to ASARCO, he rebuilt and upgraded the shared services infrastructure of HealthSouth in the wake of one of the largest accounting frauds in U.S. history.
If you have news about CFOs on the move, or any comments on this feature, please email us.
Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) announced the appointment of Cyrille Baudet to the position of Group Chief Financial Officer. With the appointment of Mr. Baudet, the structure of the finance group will also change. Wendy Kei will assume the role of Chief Financial Officer of the mining and rough diamond sales team based in Toronto while Robert Scott continues as Chief Financial Officer of the brand retail and wholesale business based in New York. Mr Baudet will remain based in Geneva at Harry Winston's watch manufacturing facility for the immediate future before moving to North America later this year. Mr. Baudet began his career with Ernst & Young in Africa and Paris auditing oil and mining companies in Africa followed by a period with PricewaterhouseCoopers in London where he focused on software companies. He then joined Richemont International as Group Senior Internal Auditor followed by assignments as Controller for Alfred Dunhill in London and Cartier International in Paris and Geneva before becoming the Controller for Cartier North America based in New York. Most recently he has been the Regional Chief Financial Officer for the Richemont Group businesses in Europe, the Middle East and South America. Mr. Baudet replaces Alan Mayne. Mr. Mayne will remain with the Company for a transition period to April 30, 2011.
EACOM Timber Corporation (TSX-V: ETR) announced the appointment of Marc Girard as its Executive Vice-President and CFO. Mr. Girard replaces Michael Liggett, the former CFO who will remain with the Company on a consulting basis. Prior to joining EACOM, Mr. Girard served as Senior Vice-President and Chief Financial Officer of SR Telecom, a TSX-listed company, and Vice-President and Chief Financial Officer of Aeroplan Income Fund, a Canadian income trust listed on the TSX. Previously, Mr. Girard was Vice-President and Treasurer at Quebecor and Quebecor Media, and he held various senior finance roles with BCE and Bell Canada.
Parkland Energy Services Inc. (TSX-V: PKE) announced that its Chief Financial Officer Allan Slobodian has resigned. As a replacement, the separator packages company has elected Bev Roome to that position. Roome is a Chartered Accountant and has been consulting independently in the Red Deer business community for the past year in both a Chartered Accountant role and officer for several local businesses. In her earlier role, Roome worked in public practice at Collins Barrow Red Deer LLP as well as owned and managed a small Red Deer based oilfield consulting company.
Craig Wireless Systems Ltd. (TSX: CWG), is pleased to announce that it has appointed Murray Bamforth as its Interim Chief Financial Officer. Mr. Bamforth replaces Wesley Thiessen, the Company's current Chief Financial Officer, who, as earlier announced, will be leaving Craig Wireless effective February 28, 2011 in order to pursue other career opportunities. Mr. Bamforth has been engaged on an interim basis while the Company continues its search for a permanent replacement CFO. Previously Mr. Bamforth held various senior positions with Manitoba Telecom Services Inc., Bell West Inc. and Allstream Inc., including Chief Corporate Officer, Chief Transition Officer, Corporate Controller, CFO and Internal Audit & Risk Management. Mr. Bamforth is currently the President of his own management consulting practice specializing in business planning, processes, transformation and financial reporting, having recent engagements with both large and small public companies. Mr. Bamforth was also previously an external audit manager for several years with Touche Ross & Co. (now Deloitte & Touche).
Canadian Imperial Venture Corp. (TSX-V: CQV) announced that Steven M. Millan, Chairman, President and CEO, will retire from his current positions in the Company effective February 8, 2011. Gerard Edwards, current CFO, will assume the positions of CEO and President in addition to his responsibilities as CFO.
Greenwin Inc. announced the appointment of Haya Zilberboim as their new CEO. Zilberboim has been in the business of real estate, investment banking, operations and finance for more than 20 years. She joins Greenwin from Fishman Holdings, where she managed the company's portfolio of North American residential and commercial properties as its COO and CFO.
Pine Cliff Energy Ltd. (TSX-V: PNE) announced that Robb D. Thompson has agreed to join the company, initially as Vice President, Finance, and will be promoted to Chief Financial Officer (CFO) effective March 31, 2011 (succeeding the existing CFO, Garth E. Schultz, who will be retiring). Mr. Thompson brings extensive experience as a previous CFO with other oil and gas companies, and as a partner with a major accounting firm.
Geomark Exploration Ltd. (TSX-V: GME) announced that Robb D. Thompson has agreed to join the company, initially as Vice President, Finance, and will be promoted to Chief Financial Officer (CFO) effective March 31, 2011 (succeeding the existing CFO, Garth E. Schultz, who will be retiring). Mr. Thompson brings extensive experience as a previous CFO with other oil and gas companies, and as a partner with a major accounting firm.
Bonterra Energy Corp. (TSX: BNE) announced that Robb D. Thompson has agreed to join the company, initially as Vice President, Finance, and will be promoted to Chief Financial Officer (CFO) effective March 31, 2011 (succeeding the existing CFO, Garth E. Schultz, who will be retiring). Mr. Thompson brings extensive experience as a previous CFO with other oil and gas companies, and as a partner with a major accounting firm.
TMX Group Inc. (TSX: X) announced that upon the merger of the TSX and the LSE, the group’s new CFO will be Michael Ptasznik, current CFO of TMX. Mr. Ptasznik will be based in Toronto.
Northland Power Inc. (TSX: NPI) announced the appointment of Paul Bradley as Chief Financial Officer. Mr. Bradley will assume his new position on April 1, 2011. Most recently Mr. Bradley was Managing Director and Head of Power and Utilities (Corporate Finance) at Macquarie Capital Markets Canada Ltd. Prior positions include Vice President, Electricity Resources at the Ontario Power Authority, and Executive Director at CIBC in the Global Power and Utilities Group. Earlier in his career, Paul held various positions in project development, finance, treasury and risk management at Duke Energy Corporation. Paul was also the founder and Managing Director of PJB Energy Solutions, a direct investment and financial advisory organization dedicated to clean technologies and renewable energy. Tony Anderson, Northland's CFO from its earliest days and financial architect of much of its growth, will remain a full member of the leadership team as Chief Investment Officer, responsible for directing new financings.
Relentless Resources Ltd. (TSX-V: RRL) announced that Randall Boyd has been appointed Vice-President, Finance, and Chief Financial Officer of the Company. Mr. Boyd has worked for more than 25 years with Canadian public and private oil and gas companies, handling a wide range of financial and corporate matters for various private clients. Randall was Chief Financial Officer at Masters Energy Inc., a TSX listed public company, from 2004 until its sale in April, 2009. Randall was also Vice-President, Investor Relations, at Chieftain International Inc. from October 1999 until its sale in August 2001. Mr. Boyd replaces Hugh M. Thomson who resigned.
CTV Inc. announced that several top-level managers, including chief financial officer John Gossling, are leaving the company.
Brigus Gold Corp. (TSX: BRD; NYSE Amex: BRD) announced that Dana Hatfield will be appointed Chief Financial Officer following the retirement of Melvyn Williams, the Company’s current Senior Vice President and Chief Financial Officer. Mr. Hatfield will join Brigus’ senior management team in March 2011 and will initially work alongside Mr. Williams who will remain with the Company through a transition period ending the second quarter of 2011. Mr. Hatfield, who joins the Company after serving as Senior Vice President, Finance, at Gammon Gold Inc., will be based in the Company’s head office located in Halifax, Nova Scotia, Canada. Before his position with Gammon, he worked at Sysco Food Services of Atlantic Canada and Grant Thornton LLP. Mr. Hatfield graduated from Dalhousie University with a bachelor of commerce degree.
Osum Oil Sands Corp. ("Osum"), a privately held Alberta in situ oil sands company, announced that Victor Roskey has joined the company as Chief Financial Officer. Previously, Mr. Roskey held senior management positions at EdgeStone Capital Partners, Enterra Energy Trust, Scotia Waterous and Citibank Canada. He has served on numerous public and private company boards.
Clean Power Concepts Inc. (OTC Bulletin Board: CPOW) announced that Randall W. Edge has joined the company as Chief Financial Officer.
Hanfeng Evergreen Inc. (TSX: HF) announced that Paul Begin has resigned as Chief Financial Officer of the Company. Hanfeng has initiated a search for a new Chief Financial Officer. Mr. Begin will remain with the Company for up to 90 days to assist in the transition.
The Carbon2Green Corporation (TSX-V: CGN) announced the resignation of Yves C. Renaud from the position of Chief financial officer.
Moneta Porcupine Mines Inc. (TSX: ME, OTC: MPUCF, XETRA: MOP) announced the appointment of Richard Boulay as interim Chief Financial Officer. The role of acting Chief Financial Officer was previously held by Ian C. Peres, who continues as the Company's President and Chief Executive Officer and Director. Mr. Boulay served as San Gold Corporation's first Chief Financial Officer from 2005 until June 2007.
St. Augustine Gold and Copper Limited (formerly Ratel Gold Limited) (TSX: SAU) announced that it has added Donald B. Mills to the CFO role. Mr. Mills brings experience and leadership to St. Augustine. Most recently, as CFO, he provided the financial stewardship during ASARCO LLC's bankruptcy proceedings. Prior to ASARCO, he rebuilt and upgraded the shared services infrastructure of HealthSouth in the wake of one of the largest accounting frauds in U.S. history.
If you have news about CFOs on the move, or any comments on this feature, please email us.
Thursday, February 10, 2011
How much is a CFO really worth?
I have the pleasure of speaking with CFOs every day. I always enjoy my conversations with Chief Financial Officers, because unlike the accountant stereotype, CFOs are engaging and personable individuals.
Common question I get from CFOs are:
So what is a CFO really worth?
A great CFO is worth more than he or she is being paid. Because if your CFO is really good, and you are not paying her or him enough, someone else will.
Common question I get from CFOs are:
How’s the market? – When they ask this question, they are specifically asking about themselves. CFOs are intelligent individuals, and have risen to their current status because they have been able to identify opportunities and take advantage of them, both for themselves and their employers.Contrary to news items which identify Chief Financial Officers for financial misconduct, these are really rare. From my experience, CFOs are the people in the company most likely to ensure proper financial conduct, and in certain situations CFOs are put in by a Board to balance out a cowboy CEO.
What am I worth on the market? – Some may see this question as a question of their loyalty to their current employer. An article written in Accountancy Age (The price of your loyalty) identifies that this question is really in the best interest of the employer. If a company’s second most senior and reliable person is being paid below market, the company is facing the risk that they will leave.
So what is a CFO really worth?
A great CFO is worth more than he or she is being paid. Because if your CFO is really good, and you are not paying her or him enough, someone else will.
Sunday, February 6, 2011
Canadian CFOs on the Move – week ending February 4, 2011
Companies with CFOs on the Move this week include: Aegis Investment Management (Golf), Inc., Biosign Technologies Inc., Bear Creek Mining, New West Energy Services Inc., Healthscreen Solutions Inc. , Endeavour Mining Corporation, BioWest Therapeutics Inc., Border Petroleum Corp., Touchstone Exploration Inc., Dundee Precious Metals Inc.
Aegis Investment Management (Golf), Inc. (TSX-V: AIM) announced the appointment of David B. Gordon as the Company's new Chief Financial Officer. Acting Chief Financial Officer, Michael Levy, has relinquished his Chief Financial Officer duties as Mr. Gordon assumes his new role allowing Mr. Levy more time to attend to his duties as Aegis's Executive Vice President and Chief Investment Officer. Mr. Gordon is an accomplished finance executive with over 15 years of management experience, primarily in the software products and services industry, including CFO at The Software MacKiev Company and Swatchbox Technologies. Prior roles include Vice President of Finance and Operations for Queues Enforth Development, Inc.
Biosign Technologies Inc. (TSX-V: BIO) announced the formal appointment of Scott Worthington as Chief Financial Officer. Mr. Worthington has over 30 years of senior financial and executive management experience, including 9 years at Dell Computer Corporation, where he held numerous positions including Chief Financial Officer of the Canadian subsidiary. From 2008 to 2010, Mr. Worthington was Chief Financial Officer of NetShelter Technology Media. Prior to NetShelter, Mr. Worthington served as WaveRider Communication Inc.'s Vice President and Chief Financial Officer for eight years.
Bear Creek Mining (TSX-V: BCM) announced that Brad Blacketor has been appointed Chief Financial Officer of the Company, replacing Steve Krause. During the past 2 years, Mr. Blacketor has served as a financial consultant providing contract financial and accounting services to the mining industry. Previously, he was Vice-President and Chief Financial Officer of Metallica Resources Inc. Prior to Metallica, Mr. Blacketor served as Chief Financial Officer of MinCorp Ltd., and held senior management positions with Pincock, Allen & Holt, Inc. and Touche, Ross & Co.
New West Energy Services Inc. (TSX-V: NWE) announced that Pardeep Sibia has been appointed Chief Financial Officer of the Corporation. Richard J. Collens has stepped down as the Chief Financial Officer of the Corporation but has been appointed the Chief Operating Officer of the Corporation's wholly-owned subsidiary, New West Drilling Fluids Inc. ("NWDF").
Healthscreen Solutions Inc. (TSX-V: MDU) announced that Anastasia Chodarcewicz, Heathscreen's Chief Financial Officer, will be leaving the Company. The Company expects to fill the roles of Chief Financial Officer within the next few months.
Endeavour Mining Corporation (TSX: EDV) announced that Christian Milau will assume the position of CFO of Endeavour effective April 1, 2011. His international background has spanned over 12 years including most recently as Vice President, Treasurer of New Gold Inc. a TSX and AMEX listed intermediate gold producer with operating mines in the United States, Mexico and Australia and development projects in Canada and Chile. Prior to this he was a Vice President with Deloitte & Touche LLP Corporate Finance and BNP Paribas Corporate Finance, in Canada and the U.K. respectively, where he advised on public and private company mergers and acquisitions and equity transactions. Bill Koutsouras has advised Endeavour that his decision to resign as CFO will be effective March 31, 2011.
BioWest Therapeutics Inc. (TSX: BWE) announced that Ann Fehr has been appointed as chief financial officer of the Company. She currently serves as chief financial officer for Global Minerals Ltd., New High Ridge Resources and Global Uranium. Jeff Charpentier has resigned from his position as chief financial officer of the Company to pursue other career opportunities.
Border Petroleum Corp. (TSX-V: BOR), announced the appointment of Ying Yuen as Chief Financial Officer of the Company. Prior to his appointment with Border, Mr. Yuen served as Chief Financial Officer and was a founding shareholder of Bountiful Resources Inc., a private oil and gas exploration and production company with core areas in the Red Earth and Garrington areas of Alberta, which was sold to Barrick Energy Inc. in May 2010. Mr. Yuen has also served as Chief Financial Officer for a number of private and public oil and gas and oil and gas services companies since 1998. Mr. Yuen replaces Gerry Mendyk, who has taken the position of Chief Executive Officer of a Calgary based oil and gas services company. Mr. Mendyk will continue to assist Border on a consulting basis with respect to the transition.
Touchstone Exploration Inc. (TSX-V: TAB.U) announced the appointment of Gregory Marr as Chief Financial Officer of the Company. Mr. Marr has served as Chief Financial Officer and Director of several private and public companies, particularly oil and gas companies that are or have been listed on the TSX Venture Exchange.
Dundee Precious Metals Inc. (TSX: DPM, DPM.WT, DPM.WT.A) announced that Stephanie Anderson is stepping down as Executive Vice President and Chief Financial Officer of the Company ("CFO"), effective February 28, 2011, following the announcement of its 2010 year-end financial results. The search for the next CFO, during this important period of growth, is underway. Patrick Lim, Director, Finance and Global Controller of the Company, will be appointed Interim CFO until the search for a successor has been concluded.
If you have news about CFOs on the move, or any comments on this feature, please email us.
Aegis Investment Management (Golf), Inc. (TSX-V: AIM) announced the appointment of David B. Gordon as the Company's new Chief Financial Officer. Acting Chief Financial Officer, Michael Levy, has relinquished his Chief Financial Officer duties as Mr. Gordon assumes his new role allowing Mr. Levy more time to attend to his duties as Aegis's Executive Vice President and Chief Investment Officer. Mr. Gordon is an accomplished finance executive with over 15 years of management experience, primarily in the software products and services industry, including CFO at The Software MacKiev Company and Swatchbox Technologies. Prior roles include Vice President of Finance and Operations for Queues Enforth Development, Inc.
Biosign Technologies Inc. (TSX-V: BIO) announced the formal appointment of Scott Worthington as Chief Financial Officer. Mr. Worthington has over 30 years of senior financial and executive management experience, including 9 years at Dell Computer Corporation, where he held numerous positions including Chief Financial Officer of the Canadian subsidiary. From 2008 to 2010, Mr. Worthington was Chief Financial Officer of NetShelter Technology Media. Prior to NetShelter, Mr. Worthington served as WaveRider Communication Inc.'s Vice President and Chief Financial Officer for eight years.
Bear Creek Mining (TSX-V: BCM) announced that Brad Blacketor has been appointed Chief Financial Officer of the Company, replacing Steve Krause. During the past 2 years, Mr. Blacketor has served as a financial consultant providing contract financial and accounting services to the mining industry. Previously, he was Vice-President and Chief Financial Officer of Metallica Resources Inc. Prior to Metallica, Mr. Blacketor served as Chief Financial Officer of MinCorp Ltd., and held senior management positions with Pincock, Allen & Holt, Inc. and Touche, Ross & Co.
New West Energy Services Inc. (TSX-V: NWE) announced that Pardeep Sibia has been appointed Chief Financial Officer of the Corporation. Richard J. Collens has stepped down as the Chief Financial Officer of the Corporation but has been appointed the Chief Operating Officer of the Corporation's wholly-owned subsidiary, New West Drilling Fluids Inc. ("NWDF").
Healthscreen Solutions Inc. (TSX-V: MDU) announced that Anastasia Chodarcewicz, Heathscreen's Chief Financial Officer, will be leaving the Company. The Company expects to fill the roles of Chief Financial Officer within the next few months.
Endeavour Mining Corporation (TSX: EDV) announced that Christian Milau will assume the position of CFO of Endeavour effective April 1, 2011. His international background has spanned over 12 years including most recently as Vice President, Treasurer of New Gold Inc. a TSX and AMEX listed intermediate gold producer with operating mines in the United States, Mexico and Australia and development projects in Canada and Chile. Prior to this he was a Vice President with Deloitte & Touche LLP Corporate Finance and BNP Paribas Corporate Finance, in Canada and the U.K. respectively, where he advised on public and private company mergers and acquisitions and equity transactions. Bill Koutsouras has advised Endeavour that his decision to resign as CFO will be effective March 31, 2011.
BioWest Therapeutics Inc. (TSX: BWE) announced that Ann Fehr has been appointed as chief financial officer of the Company. She currently serves as chief financial officer for Global Minerals Ltd., New High Ridge Resources and Global Uranium. Jeff Charpentier has resigned from his position as chief financial officer of the Company to pursue other career opportunities.
Border Petroleum Corp. (TSX-V: BOR), announced the appointment of Ying Yuen as Chief Financial Officer of the Company. Prior to his appointment with Border, Mr. Yuen served as Chief Financial Officer and was a founding shareholder of Bountiful Resources Inc., a private oil and gas exploration and production company with core areas in the Red Earth and Garrington areas of Alberta, which was sold to Barrick Energy Inc. in May 2010. Mr. Yuen has also served as Chief Financial Officer for a number of private and public oil and gas and oil and gas services companies since 1998. Mr. Yuen replaces Gerry Mendyk, who has taken the position of Chief Executive Officer of a Calgary based oil and gas services company. Mr. Mendyk will continue to assist Border on a consulting basis with respect to the transition.
Touchstone Exploration Inc. (TSX-V: TAB.U) announced the appointment of Gregory Marr as Chief Financial Officer of the Company. Mr. Marr has served as Chief Financial Officer and Director of several private and public companies, particularly oil and gas companies that are or have been listed on the TSX Venture Exchange.
Dundee Precious Metals Inc. (TSX: DPM, DPM.WT, DPM.WT.A) announced that Stephanie Anderson is stepping down as Executive Vice President and Chief Financial Officer of the Company ("CFO"), effective February 28, 2011, following the announcement of its 2010 year-end financial results. The search for the next CFO, during this important period of growth, is underway. Patrick Lim, Director, Finance and Global Controller of the Company, will be appointed Interim CFO until the search for a successor has been concluded.
If you have news about CFOs on the move, or any comments on this feature, please email us.
Accountants are made, not born. (Or, How to become an Accountant.)
The challenge to someone who has made a career decision to become an accountant is: How do I become one?
A critical area of importance in becoming an accountant is education. Choosing the right university degree and right accounting designation is not an easy process.
Once you have decided the educational path to take, it is important to consider what career path to take. The most difficult question for someone starting their career is: How do I get my first job?
This question is difficult to answer, because most companies looking to hire want someone who can do the job and not have to be trained. So where does this leave the first time job seeker?
Another point to keep in mind – there is no better time than now to start building your career network. As you begin your transition from university or college to your career, it is very important to start using LinkedIn. Facebook is great for college life, but has limits in its value in your future career life. (Read our blog post: Is Facebook a Career Killer?) The earlier you get your 'friends' into a career focused networking tool like LinkedIn, the more opportunity you will have to add value to your future career and future employers. In the business world, who you know is as important as what you know. You will want to have your network you have developed at school work for you in your career.
So, how did you get your first accounting career opportunity?
A critical area of importance in becoming an accountant is education. Choosing the right university degree and right accounting designation is not an easy process.
Once you have decided the educational path to take, it is important to consider what career path to take. The most difficult question for someone starting their career is: How do I get my first job?
This question is difficult to answer, because most companies looking to hire want someone who can do the job and not have to be trained. So where does this leave the first time job seeker?
Co-Op Programs: The best way to get your first job is to have already had some experience. Co-op programs at universities are an excellent way to get that critical first job experience.
Clerical Office Work: Another way is to find an office clerical summer job. Accounting is more than just office work, but it is office work. Getting a summer job where you will help out with clerical tasks in an office can give you a feel for some of the key components of work life in an office. If you've graduated school and have never worked in an office environment, do you really know what you're getting yourself into? An Office is certainly a very different place then Campus.
Volunteer: Volunteering to do accounting tasks for a non-profit is an excellent way to get a leg up on starting your career. Many non-profits in your town have limited funds to pay for salaries, but do have many accounting tasks that need to get done. It can be a great way to learn the job of accountant.
Who you know: Don't forget calling on family and friends. Someone you know (or someone that knows someone you know) runs a small business. It could even be a home based business. Offer to help an entrepreneur with their accounting (for a small fee) - they will be very grateful for the help and you can learn about accounting for a business.
Another point to keep in mind – there is no better time than now to start building your career network. As you begin your transition from university or college to your career, it is very important to start using LinkedIn. Facebook is great for college life, but has limits in its value in your future career life. (Read our blog post: Is Facebook a Career Killer?) The earlier you get your 'friends' into a career focused networking tool like LinkedIn, the more opportunity you will have to add value to your future career and future employers. In the business world, who you know is as important as what you know. You will want to have your network you have developed at school work for you in your career.
So, how did you get your first accounting career opportunity?
Tuesday, February 1, 2011
LinkedIn Connections – What is your Policy?
LinkedIn has certainly become the online place for business people to connect and stay in touch. While it is a very powerful tool, it is only as powerful as you make it.
Networking is more effective when you use it to give to your network as well as receive from it. The same applies on LinkedIn. If you want LinkedIn to work for you when you need it (i.e., when you are looking for work), you need to work with, assist and engage your network when you don’t need your network.
As someone who uses LinkedIn on a daily basis to connect and add value to my network, I regularly get LinkedIn requests. Many times, it is from individuals I do not know. Yet.
I am interested in making genuine connections with people. It is my business to know people and meet people - LinkedIn is a great tool for this. I’m not interested in the game of “How many Connections do you have?”
So how do I choose who to connect with?
I connect with people that:
When I get a request from someone I do not know it is my policy to reply to them and ask questions that will help me get to know them better before I actually connect.
I categorize networkers on LinkedIn into the following categories:
I categorize myself as a Real Networker. What kind of LinkedIn Networker are you? What is your LinkedIn Connection Policy?
- I know
- I have met in person
- I have spoken with
- I have engaged with online
1) LIONs (LinkedIn Open Networkers). These people have a policy to connect with anyone and anybody. They call themselves “Open Networkers” but in my opinion are not real networkers – they are just looking for leads to move their agenda forward and have access to names they may not otherwise have.
2) Real Networkers. These people use LinkedIn to support their in-person networking activities, not to replace their in-person networking. These people are meeting people in person and using LinkedIn to stay connected and engaged with their network when they are not in front of them. Real Networkers do develop relationships on LinkedIn, but only as part of an engagement strategy with their network, groups and questions to build real relationships, even if they start them online.
3) Passive Networkers. This is how I would categorize the majority of people on LinkedIn. Passive LinkedIn Networkers connect with some people they know on LinkedIn, but really don’t go out of their way to connect or engage their network. These people are generally passive networkers in their day to day lives. While I am an avid evangelist of the powers of networking, I am aware that most people don’t love networking, and feel more comfortable not networking. For them, just being on LinkedIn and passively being involved is certainly a step up to those that do no networking at all.
4) I’m here, but leave me alone. There are people who have a profile on LinkedIn because someone they respect asked them to be a part of it, but have no desire to put an effort into networking at all. I respect the choice these people have made, but I feel for them – they are missing out on a revolution that is positively affecting the careers and personal lives of everyone around them.
I categorize myself as a Real Networker. What kind of LinkedIn Networker are you? What is your LinkedIn Connection Policy?
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