Canadian CFOs on the Move – week ending April 1, 2011

Companies with CFOs on the Move this week include: CIBC, Redishred Capital Corp., Tuscany International Drilling Inc., IBI Group Inc., Mercury Filmworks, Prism Medical Ltd., Shear Diamonds Ltd., Josephine Mining Corp., Aldridge Minerals Inc., MGold Resources Inc., Resinco Capital Partners Inc., Electric Metals Inc., Grizzly Discoveries Inc. , Novadx Ventures Corp., Sino Vanadium Inc., Toronto Community Housing, Priszm Income Fund


CIBC (TSX: CM, NYSE: CM) announced that Kevin Glass has been named Senior Executive Vice President, CIBC, and Chief Financial Officer replacing David Williamson. As part of this role, Kevin will become a member of the bank's Senior Executive Team, reporting to the CEO. Kevin has been with CIBC since January 2009. Prior to joining CIBC, Kevin was Chief Financial Officer of a number of Canadian companies

Redishred Capital Corp. (TSX-V: KUT) announced the appointment of Jeffrey Hasham as its new Chief Executive Officer. Mr. Hasham has been Redishred’s Chief Financial Officer since March 2008. Robert Crozier will be stepping down as the Chief Executive Officer. In addition to the appointment of Mr. Hasham to Chief Executive Officer, Redishred is also pleased to announce the appointment of Kasia Pawluk, to the position of Chief Financial Officer.

Tuscany International Drilling Inc. (TSX: TID) announced that Matt Moorman, presently the Executive Vice President, Corporate Finance and Business Development of the Corporation, was appointed the Chief Financial Officer of the Corporation and the current Chief Financial Officer, Bruce Moyes, was appointed Vice President, Finance and Reporting. Before joining the Corporation in August of 2010, Mr. Moorman acted as Vice President Finance and Treasurer with Provident Energy Ltd. since 2003. Prior thereto, he acted as a member of the senior management team with TransAlta Corporation and TransAlta Power Income Trust, serving in senior financial and commercial positions from 1997 to 2003. Prior to joining the Corporation, Mr. Moyes acted as Vice President, Finance and Treasurer of Ensign Energy Services Inc., a land-based international oilfield services contractor whose shares are listed on the TSX. Prior thereto, Mr. Moyes was a Manager of Financial Planning and Analysis at Canadian Pacific Limited from 1996 to 1999.

IBI Group Inc. (TSX: IBG) is pleased to announce the appointment of Michel Poitras as Interim Chief Financial Officer. Michel Poitras replaces Allan Kamerman, who is departing IBI Group Inc. Prior to joining the IBI/DAA group, Mr. Poitras was a partner with Raymond Chabot Grant Thornton.

Mercury Filmworks announced the promotion of Sandra Green from Director of Finance to Vice President, Finance. In her new position Green will report directly to Mercury President Clint Eland and oversee all aspects of the company’s production and corporate finances. Green, a 15 year veteran of the Canadian entertainment industry, joined Mercury Filmworks in 2004 as a corporate controller after working at several Ottawa production companies including MTR Entertainment and Lacewood Productions.

Prism Medical Ltd. (TSX-V: PM), announced the appointment of George Chiarucci to the position of Chief Financial Officer, succeeding William Edwards, who now holds a key senior operational role with Prism Medical as Executive Vice President, Operations. Mr. Chiarucci previously served as Chief Financial Officer with TSX-listed companies including Atlantis Systems Corp., Timminco Ltd., and Cymat Corp.

Shear Diamonds Ltd. (TSX-V: SRM) announced the appointment of Gregory Rieveley to the Company's Board of Directors. Mr. Rieveley is currently the Chief Financial Officer of Noront Resources Ltd.; previously he held the position of Vice President, Internal Audit and Business Development at Harry Winston Diamond Corporation (formerly Aber Diamond Corporation), and prior to that he was the Controller for Dundee Precious Metals. Mr. Rieveley will be a member of the Shear's Audit Committee and Compensation Committee. The appointment of Mr. Rieveley follows the resignation of Dr. Keith Barron. Dr. Barron will continue his involvement with Shear through his appointment to the Advisory Board.

Josephine Mining Corp. (TSX-V: JMC) announced that R. Llee Chapman will fill the position Chief Financial Officer and will be a Director. Mr. Chapman's mining experience includes public company CFO level management in positions with Barrick Goldstrike Mines, Apollo Gold Inc., Knight Piesold & Co. and Idaho General Mines (now General Moly, Inc.). He managed accounting controls at Gold Fields Limited – Chimney Creek Mine and Asarco, Inc.

Aldridge Minerals Inc. (TSX-V: AGM) announced that its CFO, Ed Badida, will be leaving the Company and will remain available to assist the Company with its transition to a new CFO. Carmelo Marrelli has been appointed the Company's interim CFO. Mr. Marrelli is the President of Marrelli Support Services Inc., which Aldridge retained in January to provide ongoing bookkeeping and accounting services.

MGold Resources Inc. (TSX-V: MNI) appointed Marc R. Poitras as Chief Financial Officer and a Director of the Company. Mr. Poitras is currently the Managing Partner at Poitras & Poitras Professional Corporation, Chartered Accountants, located in Sudbury, Ontario. Mr. Poitras has been owner/manager of a public accounting practice since 1993. Mr. Poitras replaces Douglas Reeson who has been active with the Company since 1993 and has acted as the Chief Financial Officer for the past several years. Mr. Reeson will remain as a Director of the Company.

Resinco Capital Partners Inc. (TSX: RIN, FRANKFURT:L6V) announced that David McAdam has joined Resinco as Chief Financial Officer, replacing Jon Lever. Mr. McAdam has held various senior financial and operational positions ranging from CFO of start-up companies listed on the TSX Venture Exchange through to VP Operations and Finance Director of a Fortune 150 company based in Houston, Texas.

Electric Metals Inc. (TSX-V: EMI) announced the resignation of Donald Currie as Acting President of the Company. Tony Ricci, formerly Chief Financial Officer has now been appointed President and CEO of the Company. The Company is pleased to appoint Zula Kropivnitski to the position of Chief Financial Officer. Prior to joining Electric Metals Inc., Ms. Kropivnitski acted as the Controller to Sacre-Coeur Minerals and African Queen Mines Ltd, companies involved in exploration and production activities in Africa and South America. Before that, Ms. Kropivnitski served as Senior Accountant to Manex Resource Group and its group of mining exploration companies with interests in properties in Canada, the United States and Mexico.

Grizzly Discoveries Inc. (TSX-V: GZD, OTCQX: GZDIF, FRANKFURT:G6H) announced the appointment of Jeremy Strautman as the Interim Chief Financial Officer ("CFO") of the Corporation following the resignation of Sean Mager. Mr. Mager will stay on as a director of the Corporation. Mr. Strautman is a managing partner and Operations Manager of Myriad Corporate Services, which provides accounting and administrative support to several public and private companies, specializing in the junior mineral exploration industry, since January 2010. Prior to 2010, Mr. Strautman was an employee of an unrelated junior mineral exploration company since 2005 where he also provided services to Grizzly on an excess capacity basis since 2006. Mr. Strautman is also the Chief Financial Officer of Altiplano Minerals Ltd., a TSXV-listed junior mineral exploration company.

Novadx Ventures Corp. (TSX-V: NDX) announced that its wholly-owned subsidiary, MCoal Corporation has appointed Gregory Saragas as Vice President, Finance. Mr. Saragas joins MCoal from Nystar Americas, a global multi-metals company, with zinc mining and smelting operations in Tennessee. Prior to joining Nyrstar, Mr. Saragas held the positions of Regional Accounting Officer with Massey Energy, the largest coal producer in Central Appalachia and Chief Financial Officer of Debra Lynn Coals, Inc.

Sino Vanadium Inc. (TSX-V: SVX) announced that Harvey McKenzie, the Chief Financial Officer of the company, has tendered his resignation. The company has appointed Wingfield Ding as the company's new Chief Financial Officer. Mr. Ding has years of experience in auditing Asian and North American companies, and has served as CFO for public companies in Canada and corporations with operations in China.

Toronto Community Housing announced that Len Koroneos will serve as Toronto Community Housing's interim Chief Executive Officer. Mr. Koroneos will perform the role on an interim basis until the company's new board of directors completes the search for a permanent chief executive officer later this year. Mr. Koroneos joined the company in September 2010 as Chief Financial Officer. He will continue to oversee the duties of the Chief Financial Officer together with the current management staff. Prior to joining Toronto Community Housing, Mr. Koroneos spent 22 years with a major health care services corporation operating in Canada and the United States, where he held senior management positions of vice-president taxation, treasurer, and vice president business development. He gained extensive experience in taxation, accounting, auditing and finance while working for KPMG, an international accounting firm.

Priszm Income Fund (TSX: QSR.UN) and its affiliates (collectively "Priszm" or the "Company") announced today that, in order to facilitate the sale of its restaurants, it has applied for and successfully obtained an Order from the Ontario Superior Court of Justice (Commercial Division) under the Companies' Creditors Arrangement Act ("CCAA"). As part of the Restructuring, the duties of the Chief Restructuring Officer will be executed by Deborah Papernick, the current chief financial officer of the Company.

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

Canadian CFOs on the Move – week ending March 11, 2011

Companies with CFOs on the Move this week include: General Motors, Kinross Gold Corporation, Key Gold Holding Inc., Artha Resources Corporation, Mega View Digital Entertainment Corp., Essex Angel Capital Inc.

General Motors (NYSE: GM, TSX: GMM) Vice Chairman and Chief Financial Officer Chris Liddell today announced that he will leave the company April 1, 2011. Dan Ammann will succeed Liddell as General Motors chief financial officer, effective April 1, 2011. Ammann, 38, is currently GM vice president, finance and treasurer. Since joining the company in March, 2010, Ammann has led the GM Treasurer's Office, based in New York, with operations around the world. Prior to GM, Ammann was managing director and head of Industrials Investment Banking for Morgan Stanley and was instrumental in many high profile assignments spanning a variety of technology, service, and manufacturing clients. A successor for Ammann in GM's Treasurer's Office will be announced at a later date.

Kinross Gold Corporation (TSX: K; NYSE: KGC) announced the appointment of Paul H. Barry as Executive Vice-President and Chief Financial Officer. Mr. Barry replaces Thomas M. Boehlert, who will be leaving the Company by mutual agreement to pursue other opportunities. Mr. Boehlert will remain with the Company for an appropriate period to ensure a smooth transition. Since 2009, he has been an independent consultant in Washington, D.C. From 2007 to 2009, Mr. Barry was Senior Vice-President and Chief Financial Officer of Pepco Holdings, Inc. From 2002 to 2007, he held several positions at Duke Energy Corporation, including most recently Senior Vice-President and Chief Development Officer. Previously, he held positions in business development and financial management at Amoco Corporation and General Electric Company.

Key Gold Holding Inc. (TSX-V: KGH) announced the appointment of Graham Warren to the positions of Chief Financial Officer, Corporate Secretary and Director of the Corporation effective immediately. Mr. Warren is a senior financial executive with over 25 years of experience with emerging companies in the oil and gas, mining, environmental, biotech and software sectors. He has extensive operations, international business, corporate finance and public market experience. Mr. Warren has served as Chief Financial Officer and Director of several public issuers.

Artha Resources Corporation (TSX-V: AHC) announced the appointment of George Lim to its Board of Directors. Mr. Lim is currently the Chief Financial Officer of Dundarave Resources Inc. (TSX-V: DDX) and is on the board of directors of Eurasian Mineral Inc. (TSX-V: EMX). Until its recent takeover, in a transaction valued at in excess of $430 million, Mr. Lim held the position of Chief Financial Officer of Potash One Inc. (TSX: KCL). Mr. Lim was also the Chief Financial Officer of Energy Metals Corporation (NYSE-ARCA: EMU, TSX: EMC) prior to its take-over in a transaction valued at $1.5 billion. Mr. Lim has been involved in numerous financings, mergers and acquisitions of public companies listed on TSX and NYSE.

Mega View Digital Entertainment Corp. (TSX-V: MVD) announces that Michael Lam has been appointed as Chief Financial Officer, replacing Felix Tung. Michael was formerly a Senior Manager with Deloitte & Touche LLP specialising in Canadian and U.S. public companies filings. Michael has previously also served as Group Accountant at Vive Synergies Inc., a manufacturer of special telephony products and as Manager at KPMG (Mauritius).

Essex Angel Capital Inc. (TSX-V: EXC.P) announced today that Michael Labiak was appointed Chief Financial Officer. Mark Meldrum, who previously held the titles of President, Chief Executive Officer, Chief Financial Officer and Chairman, will remain a director and Chairman of the board of directors.

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

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

Canadian CFOs on the Move - week ending January 21, 2011

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.

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

Canadian CFOs on the Move - week ending January 7, 2011

Companies with CFOs on the Move this week: Oceanic Iron Ore Corp., Terreno Resources Corp., NuLegacy Gold Corporation, Unique Broadband Systems, Inc., Sonoro Energy Ltd., Viper Gold Ltd., Bank of Montreal, Logan Resources Ltd., Melcor Developments Ltd., Sahara Energy Ltd., LMS Medical Systems Inc., North Atlantic Resources Ltd., Symax Lift (Holding) Co. Ltd., Quest Rare Minerals Ltd.

Oceanic Iron Ore Corp. (TSX-V: FEO) announced the appointment of Irfan Shariff as Chief Financial Officer and corporate secretary of the Company, replacing Gordon Keep who was interim CFO, but reamins a director of the company. Mr. Shariff has previously worked as a consultant to a number of junior resource companies based in Vancouver.

Terreno Resources Corp. (TSX-V: TNO) announced the appointment of Gerry Feldman as Chief Financial Officer of Terreno, replacing Jon Lever who remains on the Board of Directors. Mr. Feldman is currently Chief Financial Officer of Pinetree Capital Ltd. as well as several other publicly traded companies. Mr. Feldman also served and continues to serve as a director of other public and private companies.

NuLegacy Gold Corporation (TSX-V: NUG) announced the appointment of Adrian Rothwell to the position of Chief Financial Officer, replacing James Beairsto who recently retired. Mr. Rothwell brings NuLegacy Gold a broad experience in accounting, finance, regulatory matters and corporate finance, and has served as the Chief Financial Officer for a number of venture mining exploration and development companies.

Unique Broadband Systems, Inc. (TSX-V: UBS) announced that Malcolm Buxton-Forman has left the Company as Chief Financial Officer. C. Fraser Elliott has been appointed Chief Financial Officer to replace Mr. Buxton-Forman. Since 1987, Mr. Elliott has been the President of CFE Financial Inc., a private investment banking company. In addition, from January 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.

Sonoro Energy Ltd. (TSX-V: SNV) announced the appointment of Lance Mierendorf to the position of Chief Financial Officer, replacing Brian Farrell who has served as interim CFO of the Company. Mr. Farrell will continue as a member of the Company's Board of Directors. Most recently Mr. Mierendorf has held the position of Corporate Controller with Buried Hill Energy, a privately held corporation involved in oil and gas activities in Turkmenistan and The Gambia. Prior to this, Mr. Mierendorf was the Middle East Regional Finance Manager for Anadarko Petroleum Corp., overseeing activities in Qatar and Oman. Previously, Mr. Mierendorf held senior finance and management positions with Gulfstream Resources Ltd. in Cyprus, Bonus Resources Services Corp. in Canada and Ivanhoe Energy Ltd. in Siberia, Russia.

Viper Gold Ltd. (TSX-V: VPR) announced that Joseph Del Campo has been appointed interim Chief Financial Officer, replacing Gregory Jerome. Mr. Del Campo has over 30 years of management and accounting experience in the natural resources sector and has been a Director of Viper Gold since August 17, 2010. Mr. Jerome has stepped down as Chief Financial Officer of Viper Gold, a position he has held since February, 2008. Mr. Jerome will continue to work with Mr. Del Campo during the transition period and will remain as a member of the board of directors of the Company.

Bank of Montreal (TSX: BMO, NYSE: BMO) announced the appointment of Tom Flynn as Executive Vice-President and Chief Financial Officer, succeeding Russ Robertson, effective March 23, 2011. Previously, Mr. Flynn was Executive Vice-President and Chief Risk Officer, where he further strengthened BMO's risk function and the management of risk across the organization and provided exemplary leadership while navigating through an historic market environment, a changing economy and regulatory context, and shifting capital requirements. Mr. Flynn joined BMO in 1992 and has served in a number of senior roles. Mr. Flynn continues to report to the President and CEO.

Logan Resources Ltd. (TSX-V: LGR) announced the resignation of Peter F. Cummings as CFO and director, effective December 29, 2010. With the departure of Mr. Cummings, the Company has appointed Anna Ladd to the position of Chief Financial Officer. Ms. Ladd is an experienced financial professional with a wide array of experience in the mining industry and most recently served as the 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 also worked in Thompson and Sudbury operations for Vale Inco.

Melcor Developments Ltd. (TSX: MRD) announced the appointment of Jonathan Chia as CFO and VP Finance. Jonathan joins Melcor after serving as Corporate Controller and then CFO of an Edmonton-based public company with global operations.

Sahara Energy Ltd. (TSX-V: SAH) announced the appointment of Qiping Men as Chief Financial Officer ("CFO"), replacing Doug James. Mr. Men is a well rounded managerial accountant with over 20 years experience in a wide range of industries and public accounting firms and nine years experience as an engineering manager in a manufacturing company. Mr. Men has a solid accounting experience in public accounting firms and has provided accounting services to private and public oil and gas companies and other businesses.

LMS Medical Systems Inc. (TSX: LMZ) announced that it has accepted Yves Grou's resignation as President and Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") of the Company. However, Mr. Yves Grou shall remain a Director of the Company. Cameron R. Prange has been duly appointed CEO and CFO of the Company effective January 1, 2011.

North Atlantic Resources Ltd. (TSX-V: NAC) announced the appointment of Kyle Appleby as North Atlantic's Chief Financial Officer, replacing Roderick Chisholm who has resigned. Since 2007 Mr. Appleby has been providing financial, accounting, compliance and other corporate services to companies in diverse industries including junior mining, manufacturing and distribution, technology and nutraceutical products. Prior to 2007 he spent over 8 years in public practice providing assurance services to Canadian companies, with a focus on investment funds. Mr. Appleby is currently also the Chief Financial Officer for Renforth Resources Inc., Takara Resources Ltd and Xylitol Canada Inc.

Symax Lift (Holding) Co. Ltd. (TSX-V: SYL), announced that Xiao Qin (Mary) Ma, the current Corporate Secretary and a Director of Symax, has been appointed as the Company's Interim Chief Financial Officer, replacing Ian Fodie who has resigned as Chief Financial Officer of the Company.

Quest Rare Minerals Ltd. (TSX-V: QRM) announced the appointment of Mark Schneiderman as Chief Financial Officer of Quest, replacing Ronald Kay who will continue to act as a Director. Mr. Schneiderman has been Quest's Treasurer since its incorporation. Mr. Schneiderman was recently the Chief Financial Officer of Freewest Resources Canada Inc. prior to its acquisition by Cliffs Natural Resources Inc in 2010 and has been involved with Freewest since 1996.
 
If you have news about CFOs on the move, or any comments on this feature, please email us.

Canadian CFOs on the Move - week ending December 31, 2010

Note: This week was a quiet week in CFO movement in Canada. However, CFO movement should be picking up in January 2011 - stay tuned.

Goldeye Explorations Limited (TSX-V:GGY) announced the appointment of Warren Tong as Chief Financial Officer, replacing Connie Webster, who will remain a Director of the Company. Mr. Tong continues to provide accounting and tax services to privately held companies in conjunction with his role as CFO of Goldeye Explorations Limited. Mr. Tong has been involved with Goldeye as an internal accountant for the past year and, in that capacity, has been guiding the Company through the transition to IFRS.

Canadian CFOs on the Move - week ending December 23, 2010

Companies with CFOs on the Move this week include: RPT Resources Ltd., United Reef Limited, Evolving Gold Corp., Kiska Metals Corporation, Shoreham Resources Ltd., Sears Canada Inc., High River Gold Mines Ltd., Crowflight Minerals Inc., Ace Aviation Holdings Inc., Bayshore Petroleum Corp., Cougar Oil and Gas Canada Inc., Canadian Phoenix Resources Corp., Malbex Resources Inc., Valeant Pharmaceuticals International, Inc.


RPT Resources Ltd. (TSX-V: RPT) announced the appointment of Ian Habke as CFO. Most recently Mr. Habke was Director of Supply Management for Nexen Inc. Other roles with Nexen have included Finance Director for their UK operations and VP Finance for Yemen. His corporate roles have included President of Nexen Energy Holdings International in the UK and assignments in financial reporting and budgeting and strategic planning.

United Reef Limited (TSX-V: URP) announced the appointment of George Supol as Chief Financial Officer ("CFO") of the Company. The Company also wishes to announce the resignation of Marilyn Turner from her positions as CFO and Secretary of the Company. Mr. Supol is the founder and President of inbusys inc., a Toronto-based consulting firm, which provides both accounting and corporate IT services to its clients. Mr. Supol has been providing accounting and other advisory services to the Company since May of this year and he also acts as CFO for two other TSX listed resource companies.

Evolving Gold Corp. (TSX: EVG, FSE: EV7) announced the appointment of Charles E. Jenkins as its Chief Financial Officer. Vitaly Melnikov, who has served as the Company's Chief Financial Officer since 2008 has left Evolving Gold to pursue other opportunities in the mining exploration and development sector.

Kiska Metals Corporation (TSX-V: KSK) announced the appointment of Adrian Rothwell to the position of Chief Financial Officer, replacing Dorothy Miller who is stepping down as Kiska's CFO to join Evrim Metals Corporation in a similar capacity. Kiska recently sold its Mexican subsidiary to Evrim. Evrim is in the process of listing on the TSX Venture Exchange. Mr. Rothwell is currently Chief Financial Officer of Centurion Minerals Ltd. and MBMI Resources Inc., and has held senior positions within the mining industry for the last 15 years.

Shoreham Resources Ltd. (TSX-V: SMH) announced the appointment of Dorlyn Evancic as Chief Financial Officer ("CFO"). Mr. Evancic has served as CFO for Northern Continental Resources, a uranium exploration company, until its acquisition by Hathor Exploration Limited in November 2009, and was also director and CFO of Gemco Minerals Inc. He currently acts as CFO for Hemisphere Energy Corporation (TSX-V: HME), an oil and gas exploration and development company.

Sears Canada Inc. (TSX: SCC) announced that the Board of Directors of the Corporation has appointed Sharon R. Driscoll as Senior Vice-President and Chief Financial Officer. Ms. Driscoll has held her current position with the Company as Senior Vice-President, Finance, since November of 2008. Prior to joining Sears in 2008, Ms. Driscoll was employed with Loblaw Companies Limited, holding the position of Senior Vice-President, Corporate Development, and before that Senior Vice-President, Finance National Merchandising and Senior Vice-President, Finance Retail Ontario Region. Ms. Driscoll began her employment with Loblaw Companies Limited in 1987. Allen R. Ravas, who was appointed as Sears Canada's Senior Vice-President and Chief Financial Officer in October of 2008, is returning to Sears Holdings as the Chief Administrative Officer of Orchard Supply Hardware of San Jose, California, a majority-owned subsidiary of Sears Holdings Corporation.

High River Gold Mines Ltd. (TSX: HRG) announced the resignation of Andrei Maslov as a Chief Financial Officer and Director of the Company.

Crowflight Minerals Inc. (TSX: CML) announced that David Hunter, Chief Financial Officer has left the Company, and that Derek Liu has been appointed as the Chief Financial Officer and Corporate Secretary.

Ace Aviation Holdings Inc. (TSX: ACE.A, ACE.B) announced that, with effect from January 1, 2011, Brian Dunne, currently Executive Vice President and Chief Financial Officer will become the President of ACE. His new title will be President and Chief Financial Officer. Robert Milton will continue in the role of ACE Chairman and Chief Executive Officer.

Bayshore Petroleum Corp. (TSX-V: BSH) announced that Terry Zimaro has been appointed Chief Financial Officer of the Corporation. Mr. Zimaro replaces Stuart Chow, who had been acting as Interim Chief Financial Officer of the Corporation. Mr. Chow continues to serve as director of the Corporation.

Cougar Oil and Gas Canada Inc. (OTCBB:COUGF) announced that Richard Carmichael will join Cougar Oil and Gas Canada on January 3, 2011 as Vice President, Finance. Richard has over 22 years of oil and gas experience with both Canadian and US reporting - most recently with Steen River Oil and Gas.

Canadian Phoenix Resources Corp. (TSX-V: CXP) announced that John Downes has been appointed interim Chief Financial Officer, replacing Tim Moran.

Malbex Resources Inc. (TSX-V: MBG) announced that Stephanie Malec has been appointed as the Company's Chief Financial Officer effective January 13, 2011. Prior to joining Malbex, Ms. Malec served as Controller at Starfield Resources Inc., and previously at Dundee Precious Metals Inc. She began her career at PricewaterhouseCoopers LLP.

Valeant Pharmaceuticals International, Inc. (NYSE: VRX, TSX: VRX) today announced that Philip W. Loberg, Valeant's former senior vice president and corporate controller, has been named to the role of interim chief financial officer, effective immediately, replacing Peggy Mulligan, former chief financial officer, who has elected to resign in order to pursue other interests. Mr. Loberg joined Valeant in 2000 as treasurer and was appointed chief financial officer of North America in 2006. In 2007, he was appointed to his most recent role of senior vice president, group financial controller. Prior to joining Valeant, Mr. Loberg was the vice president, controller at Calcomp Technology, Inc., a publicly traded, majority-owned subsidiary of Lockheed Martin Corporation, and was acting chief financial officer early in his tenure.

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

CFOs on the Move - week ending December 17, 2010

Hamilton Thorne Ltd., Med BioGene Inc., Gold Hawk Resources Inc., King's Bay Gold Corporation, Canada Fluorspar Inc., Silvore Fox Minerals Corp., Intermap Technologies, Blackline GPS Corp., The City of Swift Current, SK, International Minerals Corporation, Canaco Resources Inc., TVI Pacific Inc., Dia Bras Exploration Inc.

Hamilton Thorne Ltd. (TSX-V: HTL) announced the appointment of Michael Bruns as the Company's new Vice President Finance and Chief Financial Officer (CFO). Mr. Bruns was most recently serving as CFO of Dover Saddlery Inc. (NASDAQ: DOVR). Prior to joining Dover, Mr. Bruns served as Vice President of Finance for CPS Direct, and was the Controller for Northeast Mobile Communications. Prior to that, he served as Director of Financial Reporting for St. Johnsbury Trucking Company and as Corporate Controller for R&S Corporation, as well as an Auditor for McGladrey Pullen & Co.

Med BioGene Inc. (TSX-V: MBI) announced the appointment of Scott Davis as Chief Financial Officer in replacement of David Matthews. Mr. Davis is a partner of Cross Davis & Company LLP Certified General Accountants, a firm focused on providing accounting and management contract services for publicly-listed companies.

Gold Hawk Resources Inc. (TSX-V: GHK) announced that Omar Salas, Vice President, Finance and Chief Financial Officer, will be leaving the Company in early 2011 in a planned transition. Gold Hawk also announced that Carlos Escribano is the incoming Vice President, Finance and Chief Financial Officer.

King's Bay Gold Corporation (TSX-V: KBG) announced the return of Ray Prefontaine as the Corporation's Chief Financial Officer. Mr. Prefontaine was a Director from August 2003 to March 2010 and was the Chief Financial Officer from January 2005 until March 2010. Ray is presently the Chief Financial Officer of Mainstream Minerals Corporation (TSX-V: MJO) and a Director of Accolade Resources Corporation (a private company based in Winnipeg, MB). He is currently the Chairman and a Director of the Saint-Boniface General Hospital Auxiliary Inc.

Canada Fluorspar Inc. (TSX-V: CFI) announced the appointment of John A. Higginbotham as its Chief Financial Office. Mr. Higginbotham has had an extensive career in finance, accounting and the capital markets. He most recently served as Chief Financial Officer for RBC Dominion Securities, Inc., and held a number of other senior executive positions during his tenure with RBC which began in 1983.

Silvore Fox Minerals Corp. (TSX-V: SFX) announced the appointment of George Supol as Chief Financial Officer of the Corporation. Mr. Supol is also Chief Financial Officer of Viking Gold Exploration Inc. He is also the founder and President of inbusys inc., a Toronto-based consulting firm which services both corporate I.T. and accounting clients. The Corporation also announced that Cameron McIntosh, Chief Financial Officer, have resigned from his position.

Intermap Technologies (TSX: IMP) announced that Richard Mohr will rejoin the organization as chief financial officer and senior vice president effective January 1, 2011. Richard had previously worked for Intermap from 2003 until 2010 and served as the Company’s chief financial officer during that period.

Blackline GPS Corp. (TSX-V: BLN) announced that Paula Kaner has tendered her resignation as the Company's Chief Financial Officer ("CFO") effective January 20th, 2011. The company is pleased to announce Peter Dorrius will take on the role of interim Chief Financial Officer for Blackline on January 21, 2011. Mr. Dorrius has served as the Company's Controller since July 2010.

The City of Swift Current, SK announced that Tim Marcus, current director of finance, will assume the duties of deputy CAO and Chief Financial Officer.

International Minerals Corporation (TSX: IMZ, Swiss stock exchange: IMZ) announced the appointment of Scott Brunsdon as its new Chief Financial Officer (“CFO”) effective January 3, 2011. Mr. Brunsdon brings to IMZ over 25 years of financial and management experience in the mining sector with both junior and major companies, including 17 years with Placer Dome in the US and Canada. He has also held senior management positions with Dayton Mining, Hillsborough Resources and Revett Minerals. Most recently he was a financial advisor to the CFO for Timmins Gold assisting the company to enhance its internal and public reporting functions as it transitioned to an operating company from a pure exploration company.

Canaco Resources Inc. (TSX-V: CAN) announced the appointment of Shannon Ross to the position of Chief Financial Officer. Ms. Ross began her career in public practice, moved to the mining industry as an internal auditor for Cominco Ltd., and has served as CFO and Corporate Secretary for several mining companies including Northern Orion Resources, ValGold Resources, Sultan Minerals and Emgold Mining. She replaces Jacqueline Tucker, who is leaving the Company to pursue other interests.

TVI Pacific Inc. (TSX: TVI, OTCQX: TVIPF) announced the appointment of Patrick B. Hanna as Chief Financial Officer of the Company. Most recently, Mr. Hanna was Director of Financial Excellence for Kazakhmys Copper Corporation. Prior to that, Mr. Hanna represented Glencore International as Vice-President for Project Finance for its lead and zinc facility, Kazzinc, in Kazakhstan, and High River Gold in its gold mining operation in Russia. Mr. Hanna's experience includes 18 years living and working internationally with various other companies including Gulf Canada Resources, Neste Oil and Ernst & Young. Mr. Hanna will be based in the Calgary office.

Dia Bras Exploration Inc. (TSX-V: DIB) announced the appointment of Ernesto Duran as Chief Financial Officer of the Company in replacement of Mark Shonnard who has tendered his resignation to pursue personal interests.

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

Canadian CFOs on the Move - week ending December 10, 2010

This week's companies with CFOs on the Move: Duluth Metals Limited, Geomark Exploration Ltd., Argonaut Exploration Inc., ILI Technologies (2002) Corp., AgriMarine Holdings Inc., Adventure Gold Inc., Cobre Exploration Corp., AndeanGold Ltd., Jazz Air Income Fund, Pason Systems Inc.


Duluth Metals Limited (TSX: DM, DM.U) announced the appointment of a new CFO. The new CFO is Marvin E. Dee. Prior to joining Duluth Metals, Mr. Dee was CFO and COO with Spectrum Plastics Group. Mr. Dee is replacing the former CFO, John A. Francis, who is retiring from the Company.

Geomark Exploration Ltd. (TSX-V: GME) has announced that Garth Schultz, the Company's Chief Financial Officer (CFO), will be retiring effective April 30, 2011.

Argonaut Exploration Inc. (TSX-V: AGA) announced that Dale Hansen has been appointed as the Corporation's Chief Financial Officer and a director. Mr. Hansen replaced Charles Chebry, who resigned as the Chief Financial Officer of the Corporation. Mr. Chebry will continue to serve as a director of the Corporation.

ILI Technologies (2002) Corp. (TSX-V: ILI), announced the resignation of Chief Financial Officer Shamel Costandy, and announced the hiring of Gord Travis into the role of Chief Financial Officer.

AgriMarine Holdings Inc. (TSX-V: FSH, Frankfurt: A2G) announced the appointment of Frank Guo as Vice President and Chief Financial Officer of the Company. Mr. Guo replaces John H. Buchanan, who will continue as a Director of the Company and Chairman of the Audit Committee. Prior to joining AgriMarine, Mr. Guo held the position of Vice President and Chief Financial Officer of Daytek Electronics Corporation, a division of Daewoo International Corporation, a Korea Composite Stock Price Index (KOSPI) listed multibillion dollar company with an extensive international network. Earlier in his career, Mr. Guo was an Accounting Manager of Canadian Tire Corporation, an Auditor of Australian Audit General Office, and a university lecturer in China.

Adventure Gold Inc. (TSX-V: AGE) announced the appointment of Robert Boisjoli to the position of Chief Financial Officer of the Company, following the departure of Khadija Abounaim as CFO of the Company. Mr. Boisjoli is currently a Managing Director at Atwater Financial Group and Chief Financial Officer of Brionor Resources Inc. (TSX-V: BNR). Mr. Boisjoli is also a Director and audit committee chairman of both Aptilon Corporation (TSX-V: APZ) and Mitec Telecom Inc. (TSX: MTM). He previously held the position of Chief Financial Officer of both Topigen Pharmaceuticals and Xanthus Pharmaceuticals Inc. He was also an investment banker with various Canadian securities' firms and contributed to the creation of a mutual fund in the Quebec market.

Cobre Exploration Corp. (TSX-V: CKB) announced that Alec Peck has been appointed as the Company's Chief Financial Officer, replacing Paddy Nicol who resigned his position on the Board of Directors as well his position as Chief Financial Officer.

AndeanGold Ltd. (TSX-V: AAU) announced that David Cross has been appointed Chief Financial Officer of the Company, replacing John Watt who has resigned his position. Mr. Cross is currently a partner in the firm of Cross Davis & Company LLP Certified General Accountants. His past experience consists of senior management positions, including five years at Davidson & Company LLP Chartered Accountants as Manager. Prior to that, he spent six years with Canadian Communication Products Inc. as its Assistant Controller and three years at Chartered Accountant firms. He is also the CFO of several other TSX-V listed junior mining companies

Jazz Air Income Fund (TSX: JAZ.UN, JAZ.DB) announced the appointment of Richard (Rick) Flynn as Chief Financial Officer effective February 28, 2011, to coincide with the retirement of Allan Rowe after a successful career in finance that has spanned more than 30 years. Rick is currently the Vice President of Finance at Jazz, and has held a number of senior roles since he began his career in the airline industry in 1986.

Pason Systems Inc. (TSX: PSI) announced that James (Jim) Glasspoole, Chief Financial Officer, has left the Company. The responsibilities of CFO will be assumed on an interim basis, by James (Jim) Hill, President, and CEO.

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

Canadian CFOs on the Move - week ending December 3, 2010

MegaWest Energy Corp. (OTCBB: MGWSF) announced the resignation of Kelly D. Kerr, Vice President Finance and CFO.

Vast Exploration Inc. (TSX-V: VST) announced that it has appointed Darren Moulds as Chief Financial Officer. Mr. Moulds appointment follows the resignation of Gary Lobb. Previously, Darren has held management positions in various financial capacities including the CFO of Africa Oil Corp. and the Financial Controller of Upstream Operations of Centurion Energy International Inc. (Dana Gas).

Longford Energy Inc. (TSX-V: LFD) announced that it has appointed Darren Moulds as Chief Financial Officer. Mr. Moulds appointment follows the resignation of Gary Lobb.

Stetson Oil & Gas Ltd. (TSX-V: SSN) announced that it has appointed Darren Moulds as Chief Financial Officer. Mr. Moulds appointment follows the resignation of Gary Lobb.

Chantrell Ventures Corp. (TSX-V: CV) announced the appointment of Paul A. Parisotto as President, CEO and CFO and Director of the Company. Mr. Parisotto was the President and Chief Executive Officer of Arizona Star Resource Corp., from 2004 to 2007, when it was acquired by Barrick Gold Corporation. From November 2008 to June 2009 he was the Co-Interim CEO of Noront Resources Ltd and most recently was the President and Chief Executive Officer of Tamaka Holdings Inc., a private gold exploration and development company. Previously, Mr. Parisotto provided investment banking services to the mining industry.

Petaquilla Minerals Ltd. (TSX: PTQ, OTCBB: PTQMF, FRANKFURT: P7Z) announced the appointment of Ezequiel Sirotinsky as Chief Financial Officer of the Company. Mr. Sirotinsky replaces Julie van Baarsen as the Company's Chief Financial Officer. Mr. Sirotinsky was formerly Director of Finance for Silver Standard Resources, Inc., and Administrative and Finance Manager for AngloGold Ashanti Limited's Cerro Vanguardia Project, a gold and silver mine.

EurOmax Resources Limited (TSX-V: EOX) announced the appointment of Aurora Davidson as Chief Financial Officer. Since 2003, Ms. Davidson has focused on providing CFO services predominantly to companies in the mining sector, including Amerigo Resources Ltd.

Aldridge Minerals Inc. (TSX-V: AGM) announced the appointment of Edward J. Badida as its new Chief Financial Officer, replacing Kim Evans who resigned. Ms. Evans will continue to work for the company as a consultant to assist with the transition of moving the Company's accounts to Toronto.

Shear Minerals Ltd. (TSX-V: SRM) announced the resignation of Greg Hayes as Chief Financial Officer. In the interim, Darcy Ogrodnick, Shear's Controller, will serve as Interim CFO to assist through the transition.

Empire Industries Ltd. (TSX-V: EIL) announced the resignation of David Carefoot as CFO, and announced the return of Campbell McIntyre as CFO of Empire, a position he occupied prior to the hiring of David Carefoot in 2008. In addition to his new responsibilities as CFO of Empire, Mr. McIntyre will retain his duties as President of Empire Iron Works, a key operating subsidiary of Empire. Assisting Mr. McIntyre in the financial function will be Mike Martin, as the newly appointed Director of Finance and Corporate Controller.

Boston Pizza International Inc. ("BPI") announced that Mark Powell will step down as Chief Financial Officer of BPI and will be leaving the company as of December 15, 2010. In conjunction with this departure, Mr. Powell will also resign as Director and CFO of Boston Pizza GP Inc., Managing General Partner of Boston Pizza Royalties Limited Partnership ("BPRLP"), administrator of the Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN). Mark Powell joined BPI in 2001 as Chief Financial Officer and has been a Director and CFO of Boston Pizza GP Inc. since its inception in 2002. Wes Bews, Vice President of Finance for BPI, will replace Mark Powell on an interim basis as CFO of BPI and will also be appointed as a Director and CFO of Boston Pizza GP Inc. on an interim basis.

Cavan Ventures Inc. (TSX-V: CVN) announced that Harvey Lawson has been appointed Chief Financial Officer of the Company. Mr. Lawson replaces Trevor Sinclair, who resigned as Chief Financial Officer.

Rare Method Interactive Corp. (TSX-V: RAM) announced that Josh Ius has resigned as CFO of the Company.

Fission Energy Corp. (TSX-V: FIS) announced that Gregory Downey has joined the Company as Chief Financial Officer and replaces Andrew Adamson who has stepped down to pursue other opportunities.

YANGAROO Inc. (TSX: YOO, OTC: YOOIF) announced that John Heaven is leaving the position of President and Chief Financial Officer and Director of YANGAROO. John served as President and CEO until June of this year. The company has appointed Michael Galloro, CA as interim Chief Financial Officer.

Frontline Gold Corporation (TSX-V: FGC) announced that Jim Patterson has been appointed as Chief Financial Officer (CFO) replacing Tom Hickey, who stepped down as CFO.

Allied Properties REIT (TSX: AP-UN.TO) announced that Peter E. Sweeney has been appointed Vice President and Chief Financial Officer, replacing Tom Wenner, who is leaving Allied. Mr. Sweeney was formerly Chief Financial Officer and Chief Administrative Officer of a leading real estate brokerage and advisory firm. Prior to that, he was Corporate Controller for a public real estate company and a Senior Accountant with Price Waterhouse.


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

Canadian CFOs on the Move – week ended November 26, 2010

Elgin Mining Inc. (TSX-V: ELG) announced the appointment of Brian Morales as Chief Financial Officer, succeeding the Company's current Chief Financial Officer Dustin Angelo, who will be resigning from the Company effective November 30, 2010. Prior to joining Elgin, Mr. Morales held a finance position with Kinross Gold Corporation and prior to that he was employed in equity research with Credit Suisse Securities (Canada) Inc.

Greenscape Capital Group Inc. (TSX-V: GRN) announced the appointment of Robert Geisthardt as Chief Financial Officer for the company, replacing Paul Plater. Mr. Geisthardt is currently employed in the energy trading division at Powerex Corporation where he is responsible for buying and selling electricity throughout the entire WECC (Western Energy Coordinating Council) including California and MAPP (Mid-Continent Area Power Pool) in real time. Mr. Geisthardt is also a partner at Quantum Advisory Partners LLP, which is a Canadian-based firm that provides advisory services to North American public companies.

Intelimax Media Inc. (OTCBB: IXMD) announced the appointment of Glenn Little as interim CFO and Secretary, repalcing Galit Alon who recently resigned. For the past five years Mr. Little has been working with Intelimax as a consultant doing corporate development activities. From 1999 to 2005 Mr. Little was Director and provided Corporate Development services for Stream Communications Network & Media Inc. From 1993 to 1999 Mr. Little was Vice President and Director of Trooper Technologies Inc. a TSX-V listed company.

Great Western Minerals Group Ltd. (TSX-V: GWG) announced the appointment of Jim Davidson as Chief Financial Officer of the Company. Mr. Davidson was, most recently, Chief Financial Officer with Athabasca Potash Inc. Previously, Mr. Davidson spent 19 years in the finance divisions of Weyerhaeuser in several locations throughout North America.

Yangarra Resources Ltd. (TSX-V: YGR) announced the appointment of James Glessing as Chief Financial Officer, replacing Penny Payne will resign from the position of CFO for the Company, but will continue to provide consulting services to Yangarra on an ongoing basis for the preparation of financial reporting and tax matters. Mr. Glessing’s previous experience includes varying financial roles with Deloitte and Canadian Natural Resources. Mr. Glessing was controller at BlackRock Ventures which was acquired by Shell Canada in 2006. Most recently, he served as CFO and Vice President Finance at North Peace Energy Corp. which was acquired by Southern Pacific Resource Corp.

Huntington Exploration Inc. (TSX-V: HEI) announced that David Dion has been appointed as the Company's Chief Financial Officer.

Canadian Satellite Radio, a new company to be created upon the merger of Sirius Canada and XM Canada, will have Michael Washinushi, the current CFO of XM Canada, become CFO of the new company.

Exploration Orbite V.S.P.A. Inc. (TSX-V: ORT.A) announced that Jacques Bédard has been appointed Vice President Finance and Chief Financial Officer of Orbite. His résumé includes terms as Vice President Finance and CFO for companies such as Softimage and ART, and he has also held senior management positions with Microsoft, among others.

Southern Arc Minerals Inc. (TSX-V: SA) announced that Cyrus Driver has joined executive management as interim Chief Financial Officer, replacing Eduard Epshtein. Mr. Driver was founding partner in the firm of Driver Anderson, Chartered Accountants, and is currently a partner of Davidson & Company, Chartered Accountants. He specializes in servicing TSX Venture Exchange listed companies and members of the brokerage community. Mr. Driver currently serves as director and/or chief financial officer for several TSX Venture Exchange companies.

Swiss Re has appointed Jonathan Turner as chief financial officer of its Canadian operations, effective Nov. 22, 2010. Mr. Turner joins Swiss Re from Ernst & Young, where he specialized in both the property and casualty and life and health insurance sectors. He started his career with Ernst & Young in the United Kingdom and has been located in Toronto since 2001.

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

Canadian CFOs on the Move - week ended November 19, 2010

Paragon Pharmacies Limited (TSX-V: PGN) announced the appointment of Kristal Kaye as the Company's Chief Financial Officer. Ms. Kaye joined the Company in July 2008 as Corporate Controller and she was subsequently appointed Director of Finance and Administration in August 2009.

Sandspring Resources Ltd. (TSX-V: SSP) announced the appointment of Scott Issel as Chief Financial Officer of the Company, replacing Carmelo Marrelli who has resigned as Chief Financial Officer of the Company. Mr. Issel joined Sandspring in May 2009 as the Controller of GoldHeart Investment Holdings Ltd., a subsidiary company of Sandspring. He assisted in the reverse takeover transaction of Sandspring which served as the Company's Qualifying Transaction for listing on the TSX Venture Exchange. Most recently Mr. Issel served as Controller of Sandspring Resources Inc. and has been instrumental in ensuring a smooth transition to the public capital markets.

Canada Cartage System announced the appointment of David Bacon as the company's Senior Vice President, Finance & Chief Financial Officer. Most recently, he was Chief Financial Officer of SkyPower Corp.

Midlands Minerals Corporation (TSX-V: MEX) announced the appointment of Rakesh Malhotra to the position of Vice President, Finance.

Stroud Resources Ltd. (TSX-V: SDR) announced that it has appointed Mirsad Jakubovic as its Chief Financial Officer. Previously, George Coburn, President and Chief Executive Officer of the Corporation, also served as the Corporation's acting Chief Financial Officer. Mr. Jakubovic is currently the Chief Financial Officer of Medifocus Inc., another TSX-V listed company.

Malaga Inc. (TSX: MLG) announced the appointment of Joey Trombino as Vice-President and Chief Financial Officer, replacing Pierre Monet who was promoted to President of the Company. Mr. Trombino joined Malaga in February 2009 as Director of Finance. He participated in the Company's development and managed the transition to the International Financial Reporting Standards. Prior to this, Mr. Trombino was Vice President and Chief Financial Officer of Positron Technologies and worked in several private and public companies in senior roles.

Rogue Resources Inc. (TSX‐V: RRS) announced the appointment of Larry Johnson as Chief Financial Officer (CFO) of the Company. The Company also announces it has received the resignation of Stephen Pearce as CFO Director.


Craig Wireless Systems Ltd. (TSX: CWG) announced that its Chief Financial Officer, Wesley Thiessen, will be leaving Craig Wireless effective February 28, 2011, to pursue other career opportunities.

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

Canadian CFOs on the Move - week ending November 12, 2010

OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) announced the appointment of Michelle Burris to the position of executive vice president, operations and chief financial officer. Ms. Burris most recently served as senior vice president and chief operating officer for Trubion Pharmaceuticals, Inc. until its recent acquisition by Emergent BioSolutions, Inc. She joined Trubion in 2006 as senior vice president and chief financial officer after holding similar positions at Dendreon Corporation and Corixa Corporation.


Sulliden Gold Corporation Ltd. (TSX: SUE, OTCQX: SDDDF) announced the appointment of Denis C. Arsenault as Chief Financial Officer of the Company. Mr. Arsenault's appointment follows the departure of Anna Ladd. Prior to joining Sulliden, Mr. Arsenault was the Chief Financial Officer of Central Sun Mining Inc. which was acquired by B2Gold Corp. in March 2009.

Russell Breweries Inc. (TSX-V: RB) announced the appointment of Gary Liu as Chief Financial Officer of the Company. Currently, Mr. Liu is serving on the Board of Directors of Sun Entertainment Holding Corporation and Luxor Industrial Corporation. Mr. Liu is also the owner of Mt. Pacific Financial Corp., a consulting company providing accounting services to public companies.

Intellipharmaceutics International Inc. (TSX: I, Nasdaq: IPCI) announced that it has appointed Shameze Rampertab as its new Chief Financial Officer. Mr. Rampertab previously served as the Director, Finance and Secretary-Treasurer for then-public Drug Royalty Corp and also served as health sciences and biotechnology analyst at several investment banking firms including Canaccord Capital, and was until recently a Partner, Healthcare Investment Banking at Loewen Ondaatje McCutcheon Limited (LOM), where he specialized in raising equity funds for life-science companies.

Imaging Dynamics Company Ltd. (TSX: IDL) announced that Swapan Kakumanu, currently the Executive Vice President and Chief Financial Officer of IDC, has been appointed as the new President and Chief Executive Officer of the Company, replacing Thomas Boon.

Delta Uranium Inc. (TSX-V: DUR) and Augustine Ventures Inc. announced the appointment of John Tokarsky as their new Chief Financial Officer. Mr. Tokarsky replaces L. Kirk Boyd as their CFO.

Terra Firma Resources Inc. (TSX-V: TFR) announced the appointment of Raz Hussein as a director and Chief Financial Officer to replace Charles Golding, who resigned as a director and CFO. Mr. Hussein is the founder of Razzle & Company, Management Group Inc., a private company which provides accounting, administrative and financial services to public companies engaged in mineral exploration and development.

Romarco Minerals Inc. (TSX-V: R) announced the appointment of Stan Rideout as Sr. Vice President, Chief Financial Officer of the Company. Mr. Rideout was most recently Executive Vice President and CFO of Swift Corp., one of the largest truckload carriers in North America. Prior to that Mr. Rideout held various positions (Treasurer, Vice President, Division Vice President, and Chief Financial Officer) over 25 years with Phelps Dodge Corporation and Phelps Dodge International, a publicly traded company that was acquired by Freeport McMoRan in 2007.

Cantronic Systems Inc. (TSX-V: CTS) announced the appointment of Kevin Tao Su to the position of Chief Financial Officer, replacing Susan Liu. Prior to joining Cantronic Systems Inc., Mr. Su was a senior accountant with Ernst & Young LLP Vancouver office for three and half years. Before joining Ernst & Young LLP, Mr. Su was a partner in McCormack, Su & Company Inc. CGAs in Canada for 4 years.

Hornby Bay Mineral Exploration Ltd. (TSX-V: HBE) announced the appointment of Rebecca Hudson as the new Chief Financial Officer of the Company. Ms. Hudson replaces Thomas D. Devlin.

Linamar Corp. (TSX: LNR) announced that its Chief Financial Officer, Edward Mahood, has resigned and the Chief Executive Linda Hasenfratz will serve as CFO till a replacement is identified.

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

Canadian CFOs on the Move – week ended November 5, 2010

Boutique iStore has announced that Isabelle Beaulieu has joined Boutique iStore as VP Finance and Operations. Ms. Beaulieu replaces VP Finance Gareth Sargeant. Isabelle is a seasoned executive with more than 20 years of corporate experience in Finance, Operations and Information technology in various companies and industries in the Montreal area. 

Lifebank Corp. (TSX-V: LBK) announced the appointment of Jeff Charpentier as Chief Financial Officer. Mr. Charpentier replaces Owen Granger, who has resigned as Director and Chief Financial Officer and Secretary Treasurer of Lifebank.


BSM Wireless Inc. (TSX-V: GPS) announced the appointment of Jenny Stranges, current Executive Vice President of Finance, as the company's Chief Financial Officer. Mrs. Stranges will take over the duties of outgoing CFO Jas Mann who resigned his position earlier this month and is leaving the company effective November 10, 2010.

Leader Energy Services Ltd. (TSX-V: LEA) today announced the appointment of Graham Reid as Chief Financial Officer. Mr. Reid will succeed Don Baird as Chief Financial Officer of the Company. Prior to this appointment, Mr. Reid was Vice President Finance and Chief Financial Officer of Norex Exploration Services Inc.

Stoneset Equity Development Corp. (CNSX: SQC) announced the resignation of Stephen Yuen as CFO and the appointment of Anna Lentz as the new CFO.

Malbex Resources Inc. (TSX-V: MBG) announced the resignation of its Chief Financial Officer, Derrick Weyrauch, effective January 31, 2011.

ANDINA Minerals Inc. (TSX-V: ADM) announced the appointment of Derrick Weyrauch as Chief Financial Officer of the Company. He is currently the Chief Financial Officer of Malbex Resources Inc., a publicly traded gold mining company, and will continue in that capacity until January 31, 2011 to assist Malbex in their transition. Previously, Mr. Weyrauch was the Treasurer and Director of Finance for Gabriel Resources Ltd., also a publicly traded gold mining company.

Lithium Americas Corp. (TSX: LAC) announced that Ian Fodie has been appointed Chief Financial Officer of the Company. Mr. Fodie replaces Raymond Mitchell. Mr. Fodie has had an extensive career, including most recently serving as President and CEO of Woulfe Mining (TSX-V: WOF), as the CFO for Resinco Capital Partners Inc. (TSX: RIN), and former CFO and VP of Operations at Mainframe Entertainment Inc.

Healthscreen Solutions Inc. ("Healthscreen") (TSX-V: MDU) announce the addition of Anastasia Chodarcewicz as Chief Financial Officer. Ms. Chodarcewicz brings domestic and international experience from her seven years with Sirit Inc., a Canadian public technology company.

Forest Gate Energy Inc. (TSX-V: FGE) announced that it has appointed L. Derek Lindsay as Chief Financial Officer of the company. Mr. Lindsay joins Forest Gate from Eloda Corporation, a publicly traded media software company, where he held the position of Vice President and Chief Financial Officer from 2008 onward. From 2006 to 2008, Mr. Lindsay was Vice President and Chief Financial Officer at CryoCath Technologies Inc.

Alto Ventures Ltd. (TSX-V: ATV) announced the appointment of Robert Anderson as the Company's new Chief Financial Officer to replace Leonard Schmidt who resigned as CFO.

Stealth Ventures Ltd. (TSX-V: SLV) announced that Roger Harman has been appointed as Stealth's new Chief Financial Officer. Prior to joining the Stealth team Mr. Harman was the Chief Financial Officer at PRD Energy Inc. and the Chief Financial Officer at Canadian Superior Energy Inc. (now Sonde Resources Corp.)

Melcor Developments Ltd. (TSX: MRD), announced that following the resignation of Melcor's CFO, Michael Shabada, Naomi Stefura has assumed the role of Acting Chief Financial Officer and Brett Halford has assumed the position of Acting VP Finance. Both Naomi and Brett will remain in these positions until the CFO position is permanently filled.

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

Canadian CFOs on the Move – week ended October 22, 2010

Indico Resources Ltd. (TSX-V: IDI) appointed Peggy Wu as its Chief Financial Officer to replace Michael Kinley, who resigned as CFO in order to devote more time to other issuers of which he is also the Chief Financial Officer. Ms. Wu’s past experience includes three years at Smythe Ratcliffe LLP as a senior accountant and, prior to that, two years at STS Partners LLP as staff accountant.

Savant Explorations Ltd. (TSX-V: SVT) announced that David Douglas has been appointed as Chief Financial Officer, replacing Robert McKnight, interim CFO. Mr. McKnight will remain a Director of Savant. Mr. Douglas has served as Chief Financial Officer or Corporate Secretary to a number of junior mining companies including Blackstone Ventures Inc., Western Keltic Mines Inc., Stornoway Diamond Corporation, Sherwood Copper Corporation and Eastfield Resources Ltd. Mr. Douglas will continue to serve as Chief Financial Officer of Blackstone Ventures Inc.

Alberta Oilsands Inc. (TSX-V: AOS) announced the appointment of Andrew Constantinidis as Vice President Finance and Business Development of the Company. Most recently he was Vice President and Chief Financial Officer of Calgary based Eurogas Corporation (TSX-V: EUG). Mr. Constantinidis' international experience includes positions at companies including Deutsche Bank, Citibank, ExxonMobil and domestically at IBM.

Unigold Inc. (TSX-V: UGD) announced that John Green has been appointed Chief Financial Officer, replacing Joseph Del Campo who has resigned as CFO but will continue as a Director. Mr. Green has worked with Falconbridge Limited, Lac Minerals Limited, AfriOre Limited, Platexco Inc., and Intrepid Minerals Ltd. in a variety of roles including CFO and Director. For the last seven years, as Controller of High River Gold Mines Ltd., he has been closely involved with the financing and construction of two new open-pit gold mines.

Essar Steel Algoma Inc. announced that Amit Agarwal, Chief Financial Officer has been assigned new duties at Essar's Corporate Office in India and has consequently relocated to Mumbai, India. Rakesh Kapur, has been appointed Chief Financial Officer for Essar Steel Algoma, accountable for all financial functions. He comes to Essar from ArcelorMittal where he served most recently as Chief Financial Officer and Member of the Board of Directors at their steel complex in the Czech Republic.

DiaMedica Inc. (TSX-V: DMA) announced the appointment of James Parsons as Vice President of Finance, replacing Eric Johnstone. Mr. Parsons was previously the Chief Financial Officer for both private and public life science companies including Amorfix Life Sciences, Trillium Therapeutics and Lorus Therapeutics. He has also consulted for numerous firms including Astra Zeneca.

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

Canadian CFOs on the Move – week ended October 15, 2010

Standard Exploration Ltd. (TSX-V: STD) announced the appointment of Neil Burrows as Vice President Finance and Chief Financial Officer.

Bowmore Exploration Ltd. (TSX-V: BOW) announced the appointment of Martin Nicoletti as Chief Financial Officer. Since 2004, he has been involved with public junior mining companies carrying exploration activities worldwide, with responsibilities in financial controls and reporting. Mr. Nicoletti replaces Richard Grass who acted as interim Chief Financial Officer during a transition period. Mr. Grass will remain as Chairman of the Audit Committee.

Athabasca Minerals Inc. (TSX-V: ABM) announced the appointment of Don Hruba as the Company's Chief Financial Officer (CFO). He most recently served as Vice President, Finance & Administration for a large Canadian publishing and distributing company.

Western Plains Petroleum Ltd. (TSX-V: WPP) announce that Steven Glover has been appointed by the Board of Directors as Vice-President, Finance, and Chief Financial Officer. Mr. Glover previously was Vice-President, Finance, with TSX Venture Exchange listed entities Valiant Energy Inc. (2005 - 2006) and Eagle Rock Exploration Ltd. (2006 - 2009). Mr. Glover currently serves as a Director and Chair of the Audit Committee for Travel Alberta, and also provides consulting financial advisory services to private corporations, partnerships and income trusts. Throughout his career, Mr. Glover has remained active in various professional accounting organizations, serving as a Director of the Canadian Public Accountability Board (2003 - 2005) and as an Executive Director of the Institute of Chartered Accountants of Alberta (1984 - 2005).

RTN Stealth Software Inc. (CNSX: RTN, OTCBB: RTNSF, FWB: 8RT) announced that John Doma has been appointed the Company's CFO, following the resignation of Larry Tsang.

Verafin, Inc. announced that Brian G. Whiteway has joined the company as chief financial officer. Prior to Verafin, Mr. Whiteway held positions as vice president, chief financial officer and chief operating officer at International Communications & Navigation (ICAN) Limited. Before ICAN, Mr. Whiteway was senior manager of mergers and acquisitions at Bell - Aliant Inc. He has also held management positions with the Business Development Bank of Canada and Scotiabank.

Blackdog Resources Ltd. (TSX-V: DOG) announced the appointment of James W. White as Chief Financial Officer of the Company. Mr. White replaces Linda Legere-Tetzlaff, who has tendered her resignation as Chief Financial Officer of the Company.

Deploy Technologies Inc. (OTC: DPLY), announced that the company has appointed Wisdom Ncube as Chief Financial Officer of the company.

Merc International Minerals Inc. (TSX-V: MRK) announced the appointment of Michael G. Leskovec to the position of Chief Financial Officer. Mr. Leskovec replaces Thomas Pladsen as Chief Financial Officer, who remains as a director. Mr. Leskovec is also the Chief Financial Officer of White Pine Resources Inc., as well as the Financial Control Officer of Northfield Capital Corporation. Most recently, Mr. Leskovec was Corporate Controller and an Officer of Andina Minerals Inc. From May 2007 through September 2008, Mr. Leskovec served as Controller and an Officer of Gold Eagle Mines Ltd which was sold to Goldcorp Inc. in September 2008 for $1.5 billion.

Ridgeline Energy Services Inc. (TSX-V: RLE) announced the appointment of Jim Maldaner as Chief Financial Officer, replacing John Longley. Mr. Maldaner is a Chartered Accountant and a Partner located in the Calgary office of DNTW LLP, Chartered Accountants.

Canadian Solar Inc. (NASDAQ: CSIQ) announced the appointment of Andrew Chen as Chief Financial Officer, replacing Arthur Chien, who will continue as a special advisor to the CEO's office until the end of the year. Before joining Canadian Solar, Mr. Chen served as Chief Financial Officer of different NASDAQ listed companies.


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

Canadian CFOs on the Move – week ended October 8, 2010

Prophecy Resource Corp. (TSX-V: PCY, OTCQX: PRPCF, FRANKFURT: 1P2) appointed Derek Liu to the position of Chief Financial Officer (CFO). Mr. Liu will be replacing Mark Lotz who will be leaving Prophecy to pursue other opportunities. Mr. Lotz will remain during the transition process. Most recently, Mr. Liu was the controller of Silvercorp Metals Inc., a position he held since 2006.

Intermap Technologies Corp. (TSX: IMP) announced the appointment of Nigel Jackson, to the position of Interim Chief Financial Officer. Mr. Jackson replaces outgoing vice president and CFO, Brian Musfeldt. Mr. Jackson previously served as Intermap’s vice president finance and secretary from 1996 to 2003. Since March of 2007 Nigel has served as and remains the President Director of PT Exsamap Asia, Intermap's essential data editing Indonesian subsidiary.

PRD Energy Inc. (TSX-V: PRD) announced that Roger Harman, Chief Financial Officer of the Company, is no longer with the Company.

Paget Minerals Corp. (TSX-V: PGS) announced the appointment of April Hashimoto as Chief Financial Officer. Ms. Hashimoto has a long, successful career in the mining industry and has held various senior positions, most recently as CFO for Pacific Rim Mining Corp.

SAND Technology Inc. (OTCBB: SNDTF.OB) announced that Tony J. Guiliano will join the company as Chief Financial Officer. Mr. Guiliano was previously CFO for Avensys Corporation.

Maudore Minerals Ltd. (TSX-V: MAO, OTCBB: MAOMF, FWB: M6L) announced the appointment of Ron Amstutz to the position of Chief Financial Officer. Mr. Amstutz is a director and/or secretary-treasurer with a number of companies. Within the mining sector, he has been the Chief Financial Officer of Niocan Inc. since 2006 and has been auditor for the Baskatong Quartz Mine in Quebec for 20 years. Ron Amstutz is a Director and the Treasurer of the Swiss-Canadian Chamber of Commerce and speaks fluent French, English, and Swiss-German.

Northern Rand Resource Corp. (TSX-V: NRR) announced that John Jardine has been appointed to succeed James Grinnell as Chief Financial Officer.

Aberdeen International Inc. (TSX: AAB) announce Ryan Ptolemy has been appointed CFO of the Company. Mr. Ptolemy currently serves as CFO to a number of public companies in the mining sector. Mr. Ptolemy currently serves as CFO to a number of public companies in the mining sector. Stephen Theron is stepping aside as CFO to focus on his new role as Chief Executive Officer of Forbes & Manhattan Coal (TSX:FMC), which recently completed a successful listing on the TSX.

Diamcor Mining Inc. (TSX-V: DMI) announced the appointment of Darren Vucurevich as the Company's new Chief Financial Officer. Mr. Vucurevich has been a director of the Company since July of 2005.

Georgetown Capital Corp. (TSX-V: GET.P) announced that upon completion of an upcoming transaction, Mark Newman will be resigning from his role as Chief Financial Officer.

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

Canadian CFOs on the Move – week ended September 24, 2010

Acceleware Corp. (TSX-V: AXE) announced that Geoff Clark has been promoted to the position of Chief Executive Officer of Acceleware. Previously, Mr. Clark was Chief Financial Officer of the Company. Mr. Clark will continue to act as Chief Financial Officer until such time as a new CFO can be appointed.

Benchmark Energy Corp. (TSX-V: BEE) announced that Peter Argiris will assume the role of Chief Financial Officer of Benchmark. Mr. Argiris was formerly in energy research with Orion Securities, Macquarie Securities and Canaccord Capital.

Sonde Resources Corp. (TSX: SOQ) (NYSE Amex: SOQ) announced that Robb Thompson, Chief Financial Officer, has decided to leave the Company to pursue other interests.

Virgin Metals Inc. (TSX-V: VGM) announced the appointment of Janet O'Donnell as Chief Financial Officer. In addition to her duties at Virgin, Mrs. O'Donnell is also the Chief Financial Officer with a gold exploration and development company focused on a late stage exploration project in Ontario, Canada. Prior to this she was CFO of a gold producer whose operations were focused in Mexico. In addition, Mrs. O'Donnell was the CFO of a Canadian manufacturing company that sold products exclusively to the mining industry. Mrs. O'Donnell was an integral part of the team that took the company public as an income trust in 2005 and then sold it to a private equity group in 2007.

Mindoro Resources Ltd. (TSX-V: MIO) (FRANKFURT: WKN 906167) announced the appointment of Rob King to the role of Vice President Commercial and Chief Financial Officer. Mr.King has been with Mindoro in a consulting capacity since June 2010. Rob was CFO for Placer's African operations at the time Barrick Gold Corp acquired Placer Dome and continued with Barrick in this capacity for 2 years prior to returning to Australia. To facilitate Rob's appointment, Herrick Lau has resigned as CFO.

Vanstar Resources Ltd. (TSX-V: VSR) announced the appointment of Denis Tremblay as new CFO and Corporate Secretary of the Company. This appointment follows the resignation of Francois Marcotte, as CFO of the Company.

Vantex Resources Ltd. (TSX-V: VAX) announced the appointment of Denis Tremblay as new CFO of the Company. This appointment follows the resignation of Francois Marcotte, as CFO of the Company.

Jomar Capital Corp. (TSX-V: JOE.P) announced that upon completion of a business combination, Mr. Thomas Love will be appointed Chief Financial Officer. Mr. Love served as an independent director of Kensington Energy Ltd. from February 2004 to February 2005, Castle Rock Petroleum Ltd. from October 2004 to September 2007, and Canext Energy Ltd. from June 2007 to April 2010. Mr. Love has been an independent businessman since June 2007.

Genco Resources Ltd. (TSX: GGC) announced that upon completion of a business combination with Silvermex Resources Ltd. (TSX-V: SMR), Hallein Darby will be the CFO and Corporate Secretary. Ms. Darby has been Silvermex's Senior VP Finance since November 2008 initially as Senior VP Finance and is currently CFO. She was previously the Senior VP Finance for Timmins Gold Corp. Ms. Darby served as a Senior Securities Analyst with the British Columbia Securities Commission from 1996 to 2006.

Enablence Technologies Inc. (TSX-V: ENA) has appointed David Toews as the Company's new CFO. Toews is replacing Ron Benn who will be leaving Enablence at the end of October to pursue other opportunities. David was most recently VP Finance for the Broadcast Division of Harris Corporation. His previous experience also includes serving as VP Finance and CFO of Leitch prior to its acquisition by Harris, as CFO of Internet Sports Network Inc., and as VP Finance of EDM Electronic Direct Marketing Ltd./Teletech Canada.

H2O Innovation Inc. (TSX-V: HEO) announced that Annie Lemieux, Chief Financial Officer, has made known her decision to leave the Company.

Quetzal Energy Ltd. (TSX-V: QEI) announced the appointment of Cameron Dow as Chief Financial Officer (CFO). Mr. Dow was most recently the Chief Financial Officer (CFO) and Financial Controller of Sea Dragon Resources Ltd. Mr. Dow was previously Interim CFO of Calvalley Petroleum Inc. and a Partner of Daunheimer & Dow LLP Chartered Accountants, in Calgary. Cameron Dow replaces Wally Rudensky who is leaving to pursue other business opportunities.

Xmet Inc. (TSX-V: XME) announced the appointment of Kirk Boyd as Xmet's new Chief Financial Officer, Corporate Secretary and Treasurer replacing Donna McLean who has resigned from such positions. Mr. Boyd has served as a director and Chief Financial Officer of various reporting issuers listed on the TSX Venture Exchange (the "Exchange"). Mr. Boyd is also the principal of Kirk Boyd & Associates, a consulting company providing executive services and specializing in strategic planning, corporate restructuring and financial management.

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