Canadian CFOs on the Move - week ending June 10, 2011

Companies with CFOs on the Move this week include: Ridgemont Iron Ore Corp., Calvalley Petroleum Inc., Noveko International Inc., CE Franklin Ltd., Atlantis Systems Corp.

Ridgemont Iron Ore Corp. (TSX-V: RDG) announced the appointment of Yvette Harrison as Chief Financial Officer. Ms. Harrison has worked as Chief Financial Officer, VP Finance, Director Finance, Controller and Consultant with numerous public and private companies. Ms. Harrison is replacing Anna Ladd as CFO.

Calvalley Petroleum Inc. (TSX: CVI.A) announced the appointment of Gerry J. Elms as Chief Financial Officer. From 1997 to 2005, Mr. Elms was Vice President, Finance and Corporate Secretary of Penn West Petroleum Ltd. Mr. Elms joined Penn West in 1994 as part of the management team that executed a strategy to significantly increase production and reserves, as well as shareholder value, through a combination of organic growth and corporate acquisitions. Since 2005, Mr. Elms has been Vice President, Finance and CFO at two private start-up oil and gas companies. From 1981 until he joined Penn West, Mr. Elms held various financial management positions with Petro-Canada and NOVA Corporation. The Company also announced that Zacharie Magnan, who has been the Acting CFO of Calvalley, will continue his significant service with the Company as Vice-President of Finance.

Noveko International Inc. (TSX: EKO) announced that Éric Phaneuf, Senior Vice-President and Chief Financial Officer of the Company, has decided, for strictly personal reasons, to reorient his career and has accepted a position with another company. Until his replacement, André Leroux, Chairman of the Board and Chief Executive Officer of the Company, will also act, on an interim basis, as Chief Financial Officer.

CE Franklin Ltd. (TSX.CFT, NASDAQ.CFK) announced the promotion of Derren Newell to the position of CFO. Mr. Newell, previously Financial Controller has extensive experience and expertise in finance, accounting, audit, tax and a wealth of experience with strategic and operational support in the energy and distribution industries. Mr. Newell succeeds Mark Schweitzer who is leaving CE Franklin to pursue an opportunity with an oil sands development company.

Atlantis Systems Corp. (NEX: AIQ.H) today announced the appointment of Anne-Marie Gammon as Chief Financial Officer. Anne-Marie replaces Ron Brown who has been the Interim CFO since February 2010 and who will remain with Atlantis for a transition period to support Anne-Marie.

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 June 3, 2011

Companies with CFOs on the Move this week include: Hart Stores, Khan Resources Inc., Corvus Gold Inc., CCL Industries Inc., Trevali Mining Corporation, GT Canada Medical Properties REIT, Marfil Mines Ltd., DDS Wireless International Inc., ID Watchdog, Inc., Western Wind Energy Corp., Cream Minerals Ltd., General Donlee Canada Inc., Acceleware® Ltd., Stoneset, DirectCash Payments Inc., Alamos Gold Inc.

Hart Stores (TSX: HIS) announced the appointment of Robert Harritt as Vice President Finance and Chief Financial Officer of the Company. Mr. Harritt has held the position of Vice-President of Finance in a number of highly successful public and private Quebec based firms over the last twenty-five years, including Rona and Hartco to name a few.

Khan Resources Inc. (TSX: KRI) announced that it has appointed K. Bruce Gooding as Chief Financial Officer. Mr. Gooding was most recently in his own practice providing project and management services to the mining and other industries. Mr. Gooding replaces Paul D. Caldwell, the outgoing Chief Financial Officer.

Corvus Gold Inc. (TSX: KOR, OTCQX: CORVF) announced the appointment of Peggy Wu as the Company's new Chief Financial Officer. Ms. Wu succeeds former CFO Michael Kinley who will remain with the Company as a consultant through a transition period before leaving to pursue other opportunities. Ms. Wu is currently the CFO for Indico Resources Inc. as well as the Financial Reporting Specialist for the Cardero Group of Companies, which include Balmoral Resources Ltd. and Abzu Gold Ltd.

CCL Industries Inc. (TSX: CCL.A, CCL.B) announced that Gaston Tano, Senior Vice President and Chief Financial Officer, has tendered his resignation to accept a new position, in a similar capacity, at a consumer products company in the private sector and will be leaving CCL at the beginning of August following the release of the Company's second quarter earnings.

Trevali Mining Corporation (TSX: TV, OTCQX: TREVF, FRANKFURT: 4TI) announced the appointment of Anna Ladd as its Chief Financial Officer. Anna has served as Vice President Finance and Chief Financial Officer for a number of TSX listed junior mining and development companies in addition to several mid-size to senior gold and base metal producers including Grande Cache Coal's operations, Kinross Gold Corporation's Fort Knox, Round Mountain and Kettle River operations and Vale Inco's Thompson and Sudbury base metal operations. Concurrent with Ms. Ladd's appointment, Michael Kinley has stepped-down as CFO in order to devote more time to several early-stage exploration companies of which he is also the Chief Financial Officer.

GT Canada Medical Properties REIT (TSX-V: MOB.UN) announced that Sean Nakamoto has resigned as Chief Financial Officer to pursue other opportunities. Mr. Nakamoto has agreed that his resignation will be effective after the release of the REIT's financial statements and MD&A for the recent quarter.

Marfil Mines Ltd. (TSX-V: MFM) announced the appointment of Matthew A. Fowler to the position of Chief Financial Officer of the Company. Mr. Fowler has been the Interim CFO of the Company since October 2010. Mr. Fowler serves as a Senior Consultant with Sharp Executive Associates, Inc., an international financial consultancy assisting private, USA, and Canadian listed public companies with accounting and regulatory compliance needs. Mr. Fowler served as a partner, CFO and CCP at Strata Partners, LLC, a boutique investment bank based in Seattle, Washington where he was responsible for capital raising as well as all financial, operational and compliance requirements with the Financial Industry Regulatory Authority.

DDS Wireless International Inc. (TSX: DD) announced that its Chief Financial Officer and Corporate Secretary, Jim Zadra, is leaving the Company to pursue other opportunities. Mr. Zadra has been with DDS for almost three years and will remain on with DDS through to the end of August to ensure an orderly transition.

ID Watchdog, Inc. (TSX-V: IDW, OTC: IDWAF) announced that the Company has named Jay Lewis as its new Chief Financial Officer. Mr. Lewis will be replacing Dennis Perkins who is leaving the Company after four years of service. Prior to joining ID Watchdog, Jay served as the CFO of Jones Media Networks, a Denver, Colorado based media company.

Western Wind Energy Corp. (TSX-V: WND) announced that Chris Thompson, the CFO, has been promoted to the position of Senior Vice President - Project Finance and Keven Craig, the Corporate Finance Manager, has been promoted to Chief Financial Officer of the Company.

Cream Minerals Ltd. (TSX-V: CMA) announced that Angela Yap has been appointed the Chief Financial Officer of the Company. Ms. Yap has previously held successively senior positions, most recently as Director of Corporate Accounting with the Anthem Properties Group. Ms. Yap replaces Shannon Ross, who served as Chief Financial Officer and Corporate Secretary of the Company since 2000.

General Donlee Canada Inc. (TSX: GDI) announced that Michael Snow, President and Chief Executive Officer, will be leaving the Company, and has named the Company's Chief Financial Officer, Garen Mikirditsian, as interim CEO until a new CEO is appointed.

Acceleware® Ltd. (TSX-V: AXE) announced that Heather Stubbs has been appointed Chief Financial Officer of Acceleware. Prior to joining Acceleware, Ms. Stubbs was the Manager of Financial Reporting for Peak Energy Services Ltd., a publicly held energy services company.

Stoneset (CNSX: SQC) has announced that Anna Lentz of Brava CFO Services Inc. has submitted her resignation to Stoneset due to other commitments with other clients. Peter Jarman will act as interim CFO.

DirectCash Payments Inc. (TSX: DCI) announced that Brian Kathol has joined the company as CFO for DirectCash Payments Inc., as well as the various other limited partnerships, partnerships, corporations, and subsidiaries that are part of the DirectCash group (collectively referred to as "DirectCash"). Claudette M. Dick will return to the position of Vice President of Finance at DirectCash. Mr. Kathol brings with him recent experience as Vice President of Technologies (from 2007 to 2010) and prior as Vice President of Finance and Administration (from 2004 to 2007) at Enersul Inc., a private sulphur processing corporation.

Alamos Gold Inc. (TSX: AGI) announced that James R. Porter, previously Alamos' Vice President of Finance, has been promoted to Chief Financial Officer of the Company. Mr. Porter has been with the Company for nearly six years, joining Alamos in 2005 as Controller. Prior to joining Alamos, Mr. Porter held the position of Controller and Corporate Secretary for another publicly-listed gold producing company and was a manager in the assurance practice at PricewaterhouseCoopers. Mr. Porter's appointment follows the retirement of Jon Morda, Alamos' Chief Financial Officer since 2004.

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 May 27, 2011

Companies with CFOs on the Move this week include: CAE Inc., MBMI Resources Inc., Eldorado Gold Corporation, Imaging Dynamics Company Ltd., Everton Resources Inc., Home Capital Group Inc., Liquid Nutrition Group Inc., Divestco Inc., Sagres Energy Inc., Mistango River Resources, Redzone Resources Ltd., Central Iron Ore Limited, Sonde Resources Corp., PanTerra Resource Corp., Big Eagle Services, Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), Northern Lion Gold Corp.

CAE Inc. (TSX: CAE, NYSE: CAE) announced the appointment of Stéphane Lefebvre as Vice President, Finance and Chief Financial Officer effective immediately. Mr. Lefebvre replaces Alain Raquepas who is leaving the company. Mr. Lefebvre as been an executive with CAE since 1997, most recently as Vice President, Finance, Military and New Core Markets. Mr. Lefebvre joined CAE as Structured Finance Manager in 1997 and became a director in 2000. Over the years, Mr. Lefebvre has held senior posts with responsibilities in the U.K., Australia and Canada. In 2005, he was named Vice-President, Finance, Military, and, later in the year, he added the responsibility of the Civil Simulation Products segment. CAE provides its military customers simulation products and training services at more than 60 locations worldwide. Mr. Lefebvre sits on a number of CAE boards including Rotorsim, a consortium held by CAE and AgustaWestland, a Finmeccanica company. He is also on the Board of The Helicopter Academy to Train by Simulation of Flying (HATSOFF), a joint venture of Hindustan Aeronautics Limited (HAL) of India and CAE.

MBMI Resources Inc. (TSX-V: MBR) announced that John F. Cook has been appointed as Executive Vice President and interim Chief Financial Officer of the Company. Mr. Cook has held the position of independent director and qualified person of MBMI since March, 2003. A Professional Mining Engineer, Mr. Cook has more than 45 years of extensive experience in all facets of mining development, operations and management. Currently Mr. Cook is the President and CEO of Firebird Resources Inc. and a director of Strategic Resources Inc., Southern Andes Energy Inc., Cerro Resources Inc., Nord Resources Corp., and Homeland Uranium Inc. Past positions include President of San Anton Resources, Chairman of Premier Gold and Chairman of Wolfden Resources Inc. Adrian Rothwell, the Company's former Chief Financial Officer, is resigning due to his other significant work commitments.

Eldorado Gold Corporation (TSX: ELD, NYSE: EGO, ASX:EAU) announced that Ed Miu has resigned his position as Chief Financial Officer to pursue other endeavors. Ed joined Eldorado from Sino Gold in December 2009 and has assisted in the integration of the Sino Gold assets as well as leading the finance department over the past one a half years. Fabiana Chubbs, currently Eldorado's Treasurer and Risk Manager, will be assuming the role of Chief Financial Officer. Fabiana has been serving the Company in the role of Treasurer and Risk Manager. Fabiana joined Eldorado in July 2007 after a long association with the Company in her role of Senior Manager PricewaterhouseCoopers Audit Group.

Imaging Dynamics Company Ltd. (TSX: IDL) announced the appointment of Shameze Rampertab to the Board of Directors of IDC. Mr. Rampertab is a seasoned business finance leader in the healthcare sector with depth of experience in capital markets, finance, strategic planning and analysis. Mr. Rampertab is currently the Vice President Finance & Chief Financial Officer for Intellipharmaceutics International Inc. (NASDAQ:IPCI; TSX:I). Prior to this, he spent 14 years in capital markets serving the life sciences sector.

Everton Resources Inc. (TSX-V: EVR, FRANKFURT: ERV) announced that David Massola was elected to the Board of Directors of the Company. Mr. Massola was the Senior Vice President Finance and Chief Financial Officer of GlobeStar Mining Corporation between 2006 and 2011. While at GlobeStar, Mr. Massola was active in facilitating Perilya Ltd.'s (ASX:PEM) acquisition and integration of GlobeStar. Prior to joining GlobeStar, Mr. Massola was Chief Financial Officer of De Beers Canada Inc. ("De Beers") where he was in charge of all the financial aspects of the company's Canadian operations. Previous to De Beers, Mr. Massola spent 20 years with BHP-Billiton in various positions in Canada, Chile and the United States. He was Vice President of Finance of BHP-Billiton's Ekati Diamond Mine from 1997 through 2001, responsible for the financial aspects of the mine from the construction period through commercial production.

Home Capital Group Inc. (TSX: HCG) announced the appointment of Robert J. Blowes as Chief Financial Officer of Home Capital and its wholly owned subsidiary, Home Trust Company. Mr. Blowes joined the Company as Senior Vice President, Finance in November 2010. He is an experienced financial executive, having recently retired as a Partner at Ernst & Young, where he served a number of reporting issuers in the financial services and technology sectors over the course of a 35-year career.

Liquid Nutrition Group Inc. (TSX-V: LQD) announced the appointment of Mark O'Hara as Chief Financial Officer. Mr. O’Hara was the Chief Financial Officer for Air Liquide Middle East & North Africa FZCO, based in Dubai, where he led the start-up of all accounting and finance activities in the region. He began his career in public accounting with Price Waterhouse London (England) and Toronto offices.

Divestco Inc. (TSX-V: DVT) announced the departure of its Chief Financial Officer, Roderick Chisholm. For the near to medium term Stephen Popadynetz, the current CEO and President, will assume the role of Chief Financial Officer. Danny Chiarastella, Vice President Finance will report directly to Mr. Popadynetz.

Sagres Energy Inc. (TSX-V: SGI) announced the appointment of Darren Moulds as Chief Financial Officer.  Mr. Moulds is concurrently the Chief Financial Officer with the Forbes Energy Group of Companies. 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).

Mistango River Resources (CNSX: MIS) announced the appointment of Johnny Oliveira as the Chief Financial Officer. Previously, Robert J. Kasner, President and Chief Executive Officer of the Corporation, also served as the Corporation's acting Chief Financial Officer. Mr. Oliveira is serving as Controller and/or Chief Financial Officer of several junior mining and exploration companies listed on the CNSX, TSXV and TSX.

Redzone Resources Ltd. (TSX: REZ) reports that Pauline Pasetka has tendered her resignation as Chief Financial Officer, effective July 31, 2011, to pursue other interests. As of August 1, 2011, the Chief Financial Officer role will be assumed by Rebecca Moriarty. Ms. Moriarty is a senior consultant with Malaspina Consultants Inc. Malaspina offers junior public companies, on an out-sourced basis, financial reporting and management services. Prior to joining Malaspina, Ms. Moriarty worked for 11 years in the audit practice of an international accounting firm, the last seven years of which as a manager. During this time, she worked exclusively on clients in the resource sector. Ms. Moriarty is currently the Chief Financial Officer of Brea Resources Corp., a client of Malaspina.

Central Iron Ore Limited (TSX-V: CIO) announced that Graham Hurwitz has been appointed Chief Financial Officer. Peter Treston has resigned as Chief Financial Officer but will continue to consult to the Company. Mr. Hurwitz was a director of a Chartered Accountancy practice in Australia for 22 years. Subsequently, he served as Chief Financial Officer of Allegiance Mining Limited (listed on the Australian Stock Exchange until acquired in 2008). He is currently a director of Hurwitz Geller Pty Limited, a Chartered Accountancy practice. He also acts as Chief Financial Officer of Gullewa Limited (listed on the Australian Stock Exchange). He is also a director of The Australian Institute of Music Limited.

Sonde Resources Corp. (TSX: SOQ, NYSE Amex: SOQ) announced the appointment of Kurt Nelson as CFO. From June 2008 to present, Mr. Nelson worked in a private upstream petroleum finance practice. Prior thereto, from November 2001 to May 2008, he was Vice President and Chief Accounting Officer for Harvest Natural Resources, Inc., (“Harvest”) a public oil and gas company and from November 2001, he served as Vice President and Controller. From September 2000 until November 2001, Mr. Nelson was Manager, Operations Analysis for Anadarko Petroleum Corporation. Prior to his time with Anadarko, Mr. Nelson spent 19 years with The Louisiana Land and Exploration Company and its successor Burlington Resources, Inc., holding various positions, including Manager, Business Development.

PanTerra Resource Corp. (TSX-V: PRC) announced that Oxana Cusnir has been appointed CFO. Ms. Cusnir brings over 15 years of oil & gas and other accounting experience to the Company. At his request, Ron Sparrow has assumed the role of Controller, allowing him more time in his semi-retirement.

Big Eagle Services, a leading provider of oilfield services in Western Canada, today announced that Morley Myden will succeed Texas Howard as Chief Financial Officer of Big Eagle. Mr. Myden joins Big Eagle from High Arctic, where he has worked as Chief Financial Officer since 2007. Prior to High Arctic, Mr. Myden spent over 20 years at Halliburton in a number of senior finance, accounting and operational roles both in Canada and abroad. In various capacities, Mr. Howard will remain with the Company as an Executive Vice President and a member of the senior management team. Since assuming the CFO role in June 2010, Mr. Howard led the accounting department and successfully completed various projects including the transition and re-staffing of the corporate accounting functions into Calgary.

Canadian Apartment Properties Real Estate Investment Trust (TSX: CAR.UN) announced that Scott Cryer has been appointed Chief Financial Officer of the REIT. Mr. Cryer has been with CAPREIT since September 2009 and, prior to his appointment as CFO, held the position of Vice President, Financial Reporting. Prior to joining CAPREIT, Mr. Cryer had an eleven year career of increasing responsibility in the Real Estate Assurance and Advisory practice of Deloitte & Touche LLP. Mr. Cryer is replacing Richard Smith, who is leaving CAPREIT effective June 24, 2011 to pursue a new opportunity following the fulfillment of his mandate to reorganize and strengthen CAPREIT's accounting department and systems.

Northern Lion Gold Corp. (TSX-V: NL, FRANKFURT: N3E) announced that Tammy Gillis has been appointed as Chief Financial Officer. Ms. Gillis was formerly the Company's Financial Controller.

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 May 20, 2011

Companies with CFOs on the Move this week include: Redline Communications Group Inc., Mongolia Growth Group Ltd., Silvermex Resources Inc., Continental Gold Limited, Continental Nickel, Petro-Reef Resources Ltd., QHR Technologies Inc., Sherbrook SBK Sport Corp., High Arctic Energy Services Inc.


Redline Communications Group Inc. (TSX: RDL) announced that George Kypreos will join the Company as its new Chief Financial Officer ("CFO"). He served most recently as Chief Financial Officer with TSX-listed Xenos Group Inc. Prior to this, he was Chief financial Officer of SAMSys Technologies Inc, a Canadian public technology company offering Radio Frequency Identification hardware solutions. Kypreos replaces former CFO Bruce MacInnis.

Mongolia Growth Group Ltd. (CSNX: YAK) announced the hiring of Matthew Aiken as MGG's new Chief Financial Officer. Mr. Aiken is replacing Jordan Calonego, the Company's COO, who served as interim CFO while MGG conducted a search for a permanent CFO. He was most recently employed as a Manager with BDO Canada in its Auditing department in the Mississauga, Ontario office.

Silvermex Resources Inc. (TSX: SLX) announced the appointment of Lisa Dea as its Vice President, Finance and Chief Financial Officer. Prior to joining the Company, Ms. Dea was the Vice President, Finance and Chief Financial Officer of Polaris Minerals Corporation (“Polaris”), a TSX listed Company, from 2006. Before joining Polaris, Ms. Dea spent eleven years at Deloitte &Touche LLP, achieving the position of Senior Manager. Hallein Darby has stepped down as CFO to pursue other ventures. Ms. Darby joined the Company in November 2008, as Senior VP Finance and was appointed CFO in March 2010.

Continental Gold Limited (TSX: CNL) announced the appointment of Paul Begin as the Company's new Chief Financial Officer ("CFO”). Mr. Begin joins Continental from Hanfeng Evergreen, Inc., where he served as CFO and Corporate Secretary. Prior to Hanfeng Evergreen Inc., Mr. Begin served as the former CFO and Vice President of Trilliant Incorporated and OZZ Corporation. Mr. Begin succeeds Keith McKay, who is also CFO of Dalradian Resources Inc. Mr. McKay will remain with the Company through a transition period.

Continental Nickel (TSX-V: CNI) announced the appointment of David Massola as President and Chief Executive Officer of the Company, effective June 27, 2011. For the past 4 years, Mr. Massola served as Senior Vice President and CFO of GlobeStar Mining Corporation. Prior to GlobeStar Mr. Massola spent 5 years as the Chief Financial Officer for De Beers Canada Inc. and 20 years with BHP-Billiton in a broad range of increasingly responsible roles.

Petro-Reef Resources Ltd. (TSX-V: PER) announced that Hugh M. Thomson has been appointed Vice President Finance and Chief Financial Officer of the Company. Mr. Thomson has been a Senior Officer and Director of several public companies on the TSX-V for the past 18 years. He was previously VP Finance & CFO, Director and Co-Founder of Relentless Resources Ltd., a publically traded (TSX-V) oil and gas company based in Calgary Alberta. Mr. Thomson replaces Alisdair Leeson as VP Finance and CFO.

QHR Technologies Inc. (TSX-V: QHR) named John K. Gillberry as the Company's Chief Financial Officer and Executive Vice President. Mr. Gillberry is currently a member of the board of directors of WiLAN Inc. (TSX: WIN) as well as being active with a number of not for profit organizations. Mr. Gillberry is replacing Charles LaFleche who provided interim CFO assistance to the Company since May 2010.

Sherbrook SBK Sport Corp. (TSX-V: SBK) announced the appointment of Marc-André Watson as Vice President of Finance as well as Chief Financial Officer. Mr. Watson has, since 2007, been Head of Finance of Gurit (Canada) Inc. He was previously Director of Finance and Administration and Controller with Drolet Group (Sherwood-Drolet, Inglasco). Mr. Watson replaces Paul St-Louis who resigned from all office previously held in SBK Sports Corp.

High Arctic Energy Services Inc. (TSX: HWO) announced the resignation of Morley Myden as Chief Financial Officer with effect on June 17, 2011. Mr. Myden has been the Chief Financial Officer since March 2008.

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 May 13, 2011

Companies with CFOs on the Move this week include: Prize Mining Corporation, TSO3 Inc., CSM Systems Corp., Innoventé Inc., Primary Petroleum Corporation, Dundee Precious Metals Inc., InNexus Biotechnology Inc., Concert Properties, Xebec Adsorption Inc., Noveko International Inc., Ranaz Corporation, Greenfield Financial Group Inc.


Prize Mining Corporation (TSX-V: PRZ) reported that Nigel Kirkwood has joined Prize as its new Chief Financial Officer. Mr. Kirkwood is the Chief Financial Officer of Philippine Metals Inc. and a director and Chief Financial Officer of Citation Resources Inc. Feisal Somji, formerly the Corporation's interim Chief Financial Officer, will continue in his role as a Director of Prize.

TSO3 Inc. (TSX: TOS) announced the appointment of Benoît Deschamps to the position of Chief Financial Officer and Vice President of Finance, effective June 15, 2011. Mr. Deschamps most recently held the position of Executive Vice President and Chief Financial Officer for Mechtronix World Corporation. Prior to this, he held positions of Vice President and Treasurer at Videotron, and Vice President, Private Investments at the Caisse de Dépôt et Placement du Québec where he was Vice-President in the Private Investment group. Mr. Deschamps was also an Associate Professor of Finance at both the HEC, in Montreal and Georgia State University, in Atlanta, where he taught in areas covering corporate finance at the bachelor, master and doctorate levels.

CSM Systems Corp. (TSX-V: CKX) announced the appointment of Randa Kachkar as the new Chief Financial Officer. Ms. Kachkar brings a wealth of financial and operations experience to the company, and the board of directors is pleased to have Randa assume this position. Susan Lett has resigned her position to focus on other opportunities.

Innoventé Inc. (TSX-V: IGE) announced the appointment of Martin Lemay as its Chief Financial Officer. He succeeds Pierre Massicotte in this position. Mr. Lemay previously worked with Atrium Innovations Inc. as Director of Finance for seven years until his promotion to VP of Finance in 2008.

Primary Petroleum Corporation (TSX-V: PIE; OTCQX: PETEF) announced the appointment of Brian J. Spilchen to the position of Chief Financial Officer, replacing Mr. Plater. Mr. Spilchen was previously VP Finance & CFO, Director and Co-Founder of Nexstar Energy Ltd., a publically traded (TSX-V) oil and gas company based in Calgary Alberta. Nexstar was sold in February 2010.

Dundee Precious Metals Inc. (TSX: DPM) announced the appointment of Hume Kyle as Executive Vice President and Chief Financial Officer. Most recently, Mr. Kyle served as Vice President, Treasurer and Controller, of TransAlta Corporation. Prior to TransAlta, Mr. Kyle held senior financial roles at Fort Chicago Energy Partners L.P., Noranda Inc. and Deloitte & Touche.

InNexus Biotechnology Inc. (TSX-V: IXS) announced that it has appointed Christie Amato as its Chief Financial Officer. Mrs. Amato replaces David Petulla.

Concert Properties announced the appointment of John McLaughlin as Chief Financial Officer. For over a decade, John served as the Executive Vice President and Chief Financial Officer for the Vancouver Organizing Committee (VANOC). He played an integral role in making Vancouver’s 2010 Olympic and Paralympic Winter Games one of the most successful in Olympic history. Prior to his involvement with the Olympics John held senior finance positions within Norwesco Packaging, a not-for-profit organization and the event that put Vancouver on the map — Expo 86.

Xebec Adsorption Inc. (TSX: XBC) announced the appointment of Eric Favreau to the position of Chief Financial Officer effective June 13, 2011. Mr. Favreau brings with him more than 20 years of corporate finance, strategic planning, operational and legal experience. Most recently Mr. Favreau held the position of CFO at Noveko International Inc., a publicly traded company (TSX: EKO) based in Montreal. Lyne Routhier will cease to act as interim CFO.

Noveko International Inc. (TSX: EKO) has appointed Eric Phaneuf as SVP & CFO, replacing Eric Favreau who has left Noveko. Mr. Phaneuf was formerly CFO of AAER Inc. until the acquisition of AAER by Pioneer Power Solutions, Inc. (OTC BB: PPSI) in August 2010. Phaneuf has previously held a VP position with MEGA Brands.

Ranaz Corporation (TSX-V: RNZ) reported the departure of Paul Guay as interim Financial Chief Officer. Mr. Guay remains with the company as advisor to the President. Ranaz also announces the appointment of Alain Lévesque as Chief Financial Officer.

Greenfield Financial Group Inc. (TSX-V: GRF) announced that Gerald Greve has resigned as Chief Financial Officer of the Company. Deborah McDonald has been appointed by the Company as interim CFO subject to TSX and regulatory approval. Deborah has acted as corporate controller for a number of companies within VRG Capital, the Toronto-based merchant banking division of the Vimy Ridge Group Ltd.

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 April 29, 2011

Companies with CFOs on the Move this week include: Biosign Technologies Inc., Kingsway Financial Services Inc. , Evolution Presentation Technologies Ltd., UEX Corporation, RX Exploration Inc., Aveos, RJK Explorations Ltd., Wireless Age Communications, Inc., TRIUMF, Cadman Resources Inc., Richmond Minerals Inc., Whiterock Real Estate Investment Trust

Biosign Technologies Inc. (TSX-V: BIO) announced the appointment of Colley Clarke as interim Chief Financial Officer (CFO). Mr. Clarke has served as CFO of Redknee Solutions Inc. (TSX: RKN), The Descartes Systems Group Inc. (Nasdaq, TSX: DSG), BCE Media, Canadian Satellite Communications Inc. and WPP Group Plc. Mr. Clarke currently serves as the Chairman of the Board and Chair of the Audit Committee for the Edleun Group, Inc. (TSX-V: EDU). Mr. Clarke succeeds Scott Worthington.

Kingsway Financial Services Inc. (TSX: KFS, NYSE: KFS) announced that William A. Hickey, Jr., currently the Company's Chief Operating Officer, will take on the additional responsibility of Chief Financial Officer. Hickey replaces Daniel Brazier, a contract employee who held the post while the Company transitioned its executive functions from Canada to the United States. Hickey has previously held the COO and/or CFO roles at Lumbermens Mutual Casualty Company, Cochran Caronia Waller and Fox-Pitt Kelton.

Evolution Presentation Technologies Ltd. of Calgary, Alberta announced the appointment of Brad Celmainis as its Chief Financial Officer.

UEX Corporation announced the appointment of Ed Boney as Chief Financial Officer. Prior to joining UEX, Mr. Boney held the position of Corporate Controller at Century Mining Corporation ("Century"), a Canadian junior gold mining company with producing mines in Canada and Peru.

RX Exploration Inc. (TSX-V: RXE, OTCQX: RXEXF) appointed John Ryan as the Chief Financial Officer ("CFO") of the Company on an interim basis. The former CFO, Maxwell Polinsky, has been offered the role of Vice President of Business Development with the Company.

Aveos announced that Peter Timotheatos, VP Finance at Aveos, has been promoted to CFO. Peter Before joining Aveos in 2008, he was Chief Financial Officer at BCE Elix, and prior to that Director of Mergers & Acquisitions at BCE. Mr. Timotheaotos is replacing Robert Comeau.

RJK Explorations Ltd. (TSX-V: RJX.A) announced that Barry Milne has tendered his resignation from the Company and has appointed Amanda Kasner as a Director, CFO and member of the Audit Committee of the Company. Ms. Kasner has worked with Ernst & Young LLP, and most recently with Ross Pope & Company LLP, in Kirkland Lake.

Wireless Age Communications, Inc. (PINK SHEETS: WLSA) announced the appointment of Mark A. Donovan as Chief Financial Officer of the Company. Mr. Donovan has had leadership positions in both Canada and the U.S. with Collective Brands, Blockbuster International, Blockbuster Canada, and Silcorp Ltd (Mac's Convenient Stores). He has served as a Member of the McKinney, Texas Chamber of Commerce, the De La Salle College "Oaklands" Founding Board of Trustees, the Motion Picture Foundation of Canada, the Child Abuse Prevention Foundation and The Retail Executive Group of Canada.

TRIUMF, Canada's National Laboratory for Particle and Nuclear Physics based in Vancouver, BC, has appointed Henry Chen as CFO, replacing outgoing Chief Financial Officer Shirley Reeve.

Cadman Resources Inc. (TSX-V: CUZ.H) announced the appointment of Alex Johnston as its interim Chief Financial Officer, replacing Dodge Li.

Richmond Minerals Inc. (TSX-V: RMD) announced that Andrew McGuire has been appointed Acting Chief Financial Officer to replace Ian A. Shaw who has resigned as Chief Financial Officer.

Whiterock Real Estate Investment Trust (TSX: WRK.UN) announced appointment of Kursat Kacira as the new Chief Financial Officer for the REIT, on the retirement of Frank Bucys, effective June 6, 2011. Mr. Kacira is an accomplished professional and brings to Whiterock over 17 years of real estate, finance, capital markets, and accounting experience both in Canada and the United States. Most recently, Mr. Kacira was Vice President & Director in the Real Estate Group, Investment Banking at TD Securities Inc. in Toronto, where he worked for the last 9 years.

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

Hiring a CFO is easy. Hiring a Great CFO is not.

My friend Cindy Kraft, who is a CFO Coach to the better CFOs out there, recently wrote a blog entitled CFO Turnover is on the Rise. In it, Cindy points to a study that mentions that more CFOs are being hired because the economy is doing better. She also mentions 4 key points as to what has not changed for CFOs looking for their next career move.

What has not changed enough yet is this: Boards and Owners are still looking at 'who they know' and 'who is in their network' as opposed to doing a real search.

The reasons Board Members and Owners give for not doing a real search is mostly cost related. However, it costs more to a company's reputation to do a bad search, or worse, a bad hire.

We have all seen CFOs and Companies that don't fit well together. Most of the time, it is because the company hired wrong. As hard as it may be for the CFO to find the right company, it is just as hard, if not harder, for a company to hire the right CFO.

Many companies (specifically owners and board members) think that calling some people in their network or using LinkedIn is enough. It's not.

A real search is real work.

When CFOs leave: Perception is Reality

Followers of this blog know that we keep track of CFOs on the Move. We have been doing this feature every week for almost a year now, and have watched many CFOs be promoted, hired, fired, resigned and replaced. Our feedback on this blog has been very positive, and knowing that our clients, candidates and competitors follow our reporting of these moves shows the importance and appreciation of this relevant and timely information.

What fascinates me in each and every one of these moves is the story behind the press release. Being that we are involved in CFO moves with our clients and being privileged to be aware of the real story behind the moves, we know that each story is unique as well as interesting.

A recent article in the Financial Times by Francesco Guerrera, Fears Over CFO Changes on Wall Street discusses what happens when people do not know the reason of departure of CFOs – they think what they want to think. Knowing human tendencies, thinking that “leaving for personal reasons” means the worst is not surprising. Charles Elson, director of the Centre of Corporate Governance at the University of Delaware was quoted in the article:

“The departure of a CFO is a reason for concern and investors need a full explanation of their reasons and rationale to allay their fears,”

While I agree with Mr. Elson’s logic that investors need a full explanation, I believe that is naïve to think that a “full explanation” will ever be given.

First, as anyone who has been through (or has had close friends who have been through) a divorce knows, there are 3 sides to every story – the husband’s story, the wife’s story, and the truth. I don’t believe a “full explanation” is possible to be determined and agreed upon. When a CFO leaves for “personal reasons”, it could mean practically anything.

Second, privacy concerns dictate that a “full explanation” is not possible. Could the CFO have believed that there were ethics issues at the company? Could the CFO have a health problem? Could the CFO and the CEO not be getting along? Could the CFO have been sexually harassed? Yes, Yes, Yes and Yes. These are all possibilities. But can we expect a “full explanation”? I don’t believe so.

I do believe that the more information that is provided upon a CFO departure will make investors comfortable. The challenge CEOs and Boards face on this topic, as we see in this article, is that when you provide less information, there is a perception that something is going on. And with this lack of information, the perception is that things are not going well.

My advice to the CEO and Board on a CFO departure: Manage the perception better for a better reality.

Canadian CFOs on the Move – week ending March 25, 2011

Companies with CFOs on the Move this week include: Mediterranean Resources Ltd., Sequoia Energy Inc., Squash Canada, Superior Mining International Corporation, Keegan Resources Inc., Labopharm Inc., Indigo Books & Music Inc., Tree Island Wire Income Fund, Phoenix Oilfield Hauling Inc., Martinrea International Inc., Healthscreen Solutions Inc., PRD Energy Inc., Coalcorp Mining Inc., IBI Group Inc., Firebird Resources Inc.


Mediterranean Resources Ltd. (TSX: MNR, Frankfurt: MHM1) announced that Winnie Wong (of Pacific Opportunity Capital Ltd.) has resigned from her position of Chief Financial Officer to allow for the appointment of Ann Fehr as the new Chief Financial Officer. Ms. Fehr has several years of experience with the implementation and use of International Financial Reporting Systems which will greatly aid the Company in its transition to IFRS.

Sequoia Energy Inc. announced that Veteran finance executive Wes Thiessen has joined the Company as its new Chief Financial Officer. President and CEO Ron Diduch, was managing the CFO tasks in addition to his strategic duties prior to this hire. Mr. Thiessen recently served as Chief Financial Officer of Craig Wireless Systems Ltd. and also gained international experience with Ridley Inc., a multinational manufacturing company.

Squash Canada announced the appointment of Ann Marie Reinson of Edmonton, Alberta as the new Vice President of Finance for Squash Canada. Ann Marie, has been involved in the game of Squash for the past 25 years; some of her experiences included the chair of the 2006 Women’s World Team Squash Championships, chair of the Royal Glenora Squash Committee and the Women’s High Performance liaison for Squash Canada from 1999 – 2003. Ms. Reinson, currently works for multinational pharmaceutical company GlaxoSmithKline. Ann Marie has been appointed V.P. of Finance for 1 ½ year term.

Superior Mining International Corporation (TSX-V: SUI) announced the appointment of Brian Richardson as Chief Financial Officer. Mr. Richardson previously worked for Ernst & Young in Toronto and in Hong Kong and currently serves as Chief Financial Officer of TSX listed Southern Arc Minerals Inc. (TSX-V: SA) and CNSX listed Bryant Resources Inc. (CNSX: BYR).

Keegan Resources Inc. (TSX: KGN, NYSE Amex: KGN) announced the appointment of Greg McCunn as Chief Financial Officer. Mr. McCunn’s background includes technical, operational, corporate development and financial roles with Teck, Placer Dome, and several junior mining companies in Canada and Australia. He most recently spent three years as CFO of Farallon Mining Ltd. Mr. McCunn played an integral role in the friendly take-over of Farallon in January 2011 by Nyrstar NV. Prior to Farallon Mr. McCunn was Vice President, Project Development for Zincore Metals. Tony Ricci has been holding dual positions as both CFO and Corporate Secretary. Due to significant growth within the Company as it continues its advancement; the need has arisen to divide these roles into two positions with Mr. Ricci continuing as Corporate Secretary and Executive Vice President.

Labopharm Inc. (TSX: DDS, NASDAQ: DDSS) announced that Sylvain Guénette has been appointed Chief Financial Officer of the Corporation. Mr. Guénette joined Labopharm as Controller in 2002 and was most recently Vice President and Corporate Controller. Before joining Labopharm, Mr. Guénette was Corporate Controller at Les Systèmes Proxima Ltée and Director of Finance and Operations at the Montreal office of Nurun Inc. Mr. Guenette has also held various finance and accounting positions within the Quebecor Group.

Indigo Books & Music Inc. (TSX: IDG) announced the appointment of Kay Brekken, Senior Vice President, Finance to the position of Chief Financial Officer. Ms. Brekken succeeds outgoing CFO and COO Jim McGill who will remain with Indigo in the COO role until July. Ms. Brekken has been with Indigo since 2003, most recently as Chief Accounting Officer.

Tree Island Wire Income Fund (TSX:TIL.UN) announced that Brian Irving, Vice President Finance and Chief Financial Officer has tendered his resignation and that Nancy Davies, the current Corporate Controller, has been appointed Vice President Finance and Chief Financial Officer. Ms. Davies has been with Tree Island since 2008. Previously, she held positions as Audit Manager at Ernst and Young LLP, Manager SOX Financial Reporting at Placer Dome and Vice President Internal Audit at CHC Helicopter Corporation.

Phoenix Oilfield Hauling Inc. (TSX-V:PHN) announced that Doug Eger, Chief Financial Officer, has announced his resignation to pursue other business interests.

Martinrea International Inc. (TSX: MRE) announced the appointment of Fred Di Tosto as Chief Financial Officer of Martinrea, replacing Nick Orlando. Mr. Di Tosto joined the Company in June 2010 as Vice President of Finance.

Healthscreen Solutions Inc. (TSX-V: MDU), announced that Isabella Cattelan will be joining Healthscreen as Chief Financial Officer. Ms. Cattelan brings domestic and international experience from her eight years with Maritz Canada Inc. as CFO and EVP, Maritz Europa Limited as CFO and European SVP Group Services. She also served three years as the CFO for CTVglobemedia Publishing Inc. (The Globe and Mail).

PRD Energy Inc. (TSX-V: PRD) announced the appointment of Jeff Scott as Vice President, Finance. Mr. Scott joins PRD from Ernst & Young Orenda Corporate Finance. Mr. Scott has previous experience in the Audit and Assurance practice of Ernst & Young with both junior and senior oil and gas companies.

Coalcorp Mining Inc. (NEX: CCJ.H) announced the appointment of Robert Dietrich to its Board of Directors. Mr. Dietrich, is currently Executive Vice President, Finance and Chief Financial Officer of Timminco Limited, (TSX: TIM). Mr Dietrich has also served on various national committees of Financial Executives International (FEI) Canada. Steven Cresswell will assume the responsibility as the Chief Financial Officer of Coalcorp. Previously he held the position of Chief Financial Officer for Tiberon Minerals PTE, a Singaporean company developing a polymetallic mine in Northern Vietnam. In addition to his Asian experience, Mr. Cresswell has a broad base of international experience having worked in North, South and Central America.

IBI Group Inc. (TSX: IBG) announced the appointment of Michel Poitras as Interim Chief Financial Officer. Mr. Poitras replaces Allan Kamerman, who is departing IBI Group Inc. Mr. Poitras is a member of the Executive Committee of IBI Group, he holds the position of Vice-President - Finance with IBI/DAA Group in Montreal, as well as with the Beijing and Shanghai offices. He participated in the integration of Daniel Arbour & Associates into IBI Group in 2006, and was also responsible for implementing the ISO 9001:2000 certification. Prior to joining the IBI/DAA group, Mr. Poitras was a partner with Raymond Chabot Grant Thornton.

Firebird Resources Inc. (TSX-V: FIX) announced the appointment of Stephen Gledhill as CFO and Secretary effective immediately, replacing Garth Sinclaire. Mr. Gledhill acts as CFO of a number of emerging resource companies and is a partner in RG Mining Investments Inc., a mineral project generation and services 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 18, 2011

Companies with CFOs on the Move this week include: MegaWest Energy Corp., Axia NetMedia Corporation, Soltoro Ltd., Apogee Minerals Limited. Xebec Adsorption Inc., Minaurum Gold Inc., Arian Silver Corporation, ProSep Inc., Meadow Bay Capital Corporation, Feronia Inc., Seymour Ventures Corp., Patient Home Monitoring, CO2 Solution Inc., Hunt Mining Corp., SSQ Financial Group, Labopharm


MegaWest Energy Corp. (OTCBB: MGWSF) announced the appointment of F. George Orr as interim Chief Financial Officer (CFO). Mr. Orr is a Director of the Company and chairman of the audit committee.

Axia NetMedia Corporation (TSX: AXX) announced today that Alan Hartslief has joined Axia as Chief Financial Officer (CFO), replacing Peter McKeown who is retiring and will continue to consult with Axia through the transition. Mr. Hartslief previously was CFO for Terra Nova Royalty Corp. (formerly KHD Humboldt Wedag). Prior to that he was with Ciba Specialty Chemicals for ten years where he held several positions with increasing executive responsibilities including CFO-NAFTA Region.

Soltoro Ltd. (TSX-V: SOL) announced the appointment of Brian Jennings to the position of Chief Financial Officer and Secretary of the Company. Mr. Jennings replaces Douglas Reeson as CFO. Mr. Reeson will continue to act as a director of Soltoro Ltd.

Apogee Minerals Limited (TSX-V: APE) announced that David Hunter has been appointed as the Chief Financial Officer of the Company following the resignation of Greg Duras. Mr. Hunter has served in senior financial roles including Chief Financial Officer, Vice President, Director and Controller in both public and private companies.

Xebec Adsorption Inc. (TSX: XBC) announced the departure of the Company's Chief Financial Officer, Ginette Gagné, to pursue other avenues. Lyne Routhier, currently the Corporate Controller of the company, will assume the responsibility of Chief Financial Officer on an interim basis.

Minaurum Gold Inc. (TSX-V: MGG) announced the appointement of Cale Moodie to the position of Chief Financial Officer, replacing Darryl Cardey. Mr. Moodie previously served as the Chief Financial Officer of Underworld Resources Inc. prior to its acquisition by Kinross in 2010. He currently serves as Chief Financial Officer to Full Metal Minerals Ltd, Brixton Metals Corp. and Entourage Metals Ltd. Prior to Underworld Resources Inc., Mr. Moodie acted as Chief Financial Officer and was a Director for Sierra Geothermal Corp., which was subsequently acquired by Ram Power in 2010.

Arian Silver Corporation (TSX-V : AGQ) announced that Graham Potts will step down from his position as Chief Financial Officer effective immediately. Graham will remain as Corporate Secretary of Arian. An announcement is expected to be released soon regarding the appointment of a new CFO. To ensure a smooth transition, Arian's Financial Controller, Victoria Parkes, will cover duties of the CFO until a replacement is found.

ProSep Inc. (TSX: PRP) announced the appointment of Claude Samson as Chief Financial Officer and Corporate Secretary. Mr. Samson was most recently Quebec Leader of Financial Management Services at IBM Business Consulting Services. Previously, Mr. Samson held positions as Senior or Executive Vice-President, Finance at AMEC Engineering & Construction, Canada Trust Financial Services, AlphaNet Telecom, Téléglobe Canada and The Laurentian Group. He currently serves on the Board of Directors of Financial Executives International (Quebec Chapter), as well as on the Institute of Corporate Directors' (Quebec Chapter) Professional Development Committee.

Meadow Bay Capital Corporation (TSX-V: MAY, FRANKFURT: 20M) announced the appointment of Keith Margetson as Chief Financial Officer of the Company, replacing Terry Fields.

Feronia Inc. (TSX-V: FRN) announced the appointment of Danesh Varma as the new Chief Financial Officer of the Company, replacing Georgie Cotton, who will act as a consultant in order to facilitate the changeover. Mr. Varma was formerly President and Managing Director of American Resource Corporation Limited, Dundee Bancorp, Dundee Investment Management and Research Ltd. and Dundee Mutual Funds India, in addition to holding the post of director and Vice President of the Dundee Bank Cayman. He was formerly a director of Northgate Exploration Limited and Westfield Minerals Limited.

Seymour Ventures Corp. (TSX-V: SEY) announced that Robert Chisholm has been appointed to the Board of Directors of the Company. Mr. Chisholm is currently the Chief Financial Officer ("CFO") for Emprise Capital Corporation, a private merchant banking firm, and serves as a director, and audit committee member of a number of public companies. Mr. Chisholm also served as CFO for PNI Digital Media Inc. for more than 7 years.

Patient Home Monitoring (TSX-V: PHM) announced the appointment of Nathan Gilliland to the position of Chief Financial Officer and Chief Operating Officer.

CO2 Solution Inc. (TSX-V: CST) announced that it has appointed Thom Skinner as Senior Vice President Finance & Chief Financial Officer. Linda Parent, who acted as Vice President Finance and Administration, will remain within the company with other responsibilities and to ensure continuity of the ongoing files as well as the transfer of financial information. Mr. Skinner joins CO2 Solution from TS Business Solutions, a Quebec-based business consultancy which he founded in 2001 where he provided corporate financial and administrative services to a range of public and private companies. In this capacity, he was Chief Financial Officer of DiagnoCure Inc., a Quebec-based biotechnology company . He also served as Interim Vice President (finance and information technology) of Sanofi /Aventis Canada. More recently, he acted as Principal Advisor to the Chairman of Groupe Biscuits Leclerc Inc. Prior to TS Business Solutions, Mr. Skinner held a number of senior management positions in Canada and Europe including Executive Vice President and Chief Financial Officer of MediSolution Ltd., Vice President, Finance and Administration of McKesson Canada Corp., Vice President, Finance and Administration and Chief Financial Officer of the Business Development Bank of Canada and Vice President of Sunlife Financial Services. Mr. Skinner is a member of several professional associations in Canada and has served on several Boards of Directors including a term as Chairman of The Montreal Children's Hospital. He is currently a member of the Board of Directors of the Foundation Robert-Giffard.

Hunt Mining Corp. (TSX-V: HMX) announced the appointment of Vicki Streng as Interim Chief Financial Officer and Corporate Secretary. Bryn Harman, the current Chief Financial Officer, is resigning his position to seek other opportunities but will remain as a Director of the Corporation. Ms. Streng, the Corporation's current Controller, has over fifteen years of accounting experience in the mining industry. Previously, she held the positions of Controller for Nevoro Inc., Controller for Minera Andes Inc. and Assistant Controller for Yamana Gold Inc. (formerly Yamana Resources Inc.).

SSQ Financial Group, a mutual insurance company, announced the appointment of Patrick Cyr to the position of Senior Vice-President of Finances and Control. Mr. Cyr has been president of the Regroupement des comptables agréés de Québec and for the last 10 years has sat on the insurance committee of the Ordre des comptables agréés du Québec. Mr. Cyr worked for the firm KPMG before joining the ranks of SSQ Financial Group in 1992. He has held a number of management positions at SSQ General Insurance and SSQ Financial Group where until recently he was Vice-President of Customer Service and Administration for Group Insurance.

Labopharm, (TSX: DDS, NASDAQ: DDSS) announced that Mark D'Souza, the Corporation's current Chief Financial Officer, has been elected President and Chief Executive Officer of Labopharm and a member of the board of directors. Mr. D'Souza replaces James Howard-Tripp as President and Chief Executive Officer and board member.

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 March 4, 2011

Companies with CFOs on the Move this week include: Crocodile Gold Corp., China Gold International Resources Corp. Ltd., Lyrtech Inc., Prestige Telecom Inc., Sparta Capital Ltd., Focus Metals Inc., Sunridge Investments Corp., Alacer Gold Corp., Luiri Gold Limited, Petrodorado Energy Ltd., PrimeWest Exploration Inc., Saturn Minerals Inc., Hy Lake Gold Inc., Royce Resources Corp., Petro-Reef Resources Ltd., Bowood Energy Inc., Pacific Cascade Minerals Inc., Colossus Minerals Inc., Sereno Capital Corporation

Crocodile Gold Corp. (TSX: CRK) announced that Stephen Woodhead has been appointed Chief Financial Officer of the Company, replacing Brad Boland. Mr. Woodhead has served in senior financial positions with several public companies, including as Chief Financial Officer of Desert Sun Mining Corp. until it was acquired by Yamana Gold Inc. in 2006. He currently serves on the Board of Directors of Vaaldiam Mining Inc.

China Gold International Resources Corp. Ltd. (TSX: CGG) announced the resignation of George Law as Chief Financial Officer, and the appointment of Derrick Zhang as Interim Chief Financial Officer. Mr. Zhang has over 18 years of experience in financial reporting for public companies including experience leading financial reporting for mergers and acquisitions and has served as the Company's controller since January 2010.

Lyrtech Inc. (TSX-V: LTK) announced the resignation of Louis N. Bélanger as Chief Financial Officer ("CFO") of the Corporation and the appointment of Vincent Bélanger who will take over the responsibility of the CFO position. Messrs. Louis and Vincent Bélanger are not related. Mr. Vincent Bélanger is chartered accountant and president of CFO Solution Inc., a company through which he provides part-time CFO services for public and private companies. He has over 20 years of experience as chartered accountant and business advisor, mainly as CFO.

Prestige Telecom Inc. (TSX-V: PR) announced today the appointment of Alain Boucher as the Company's Interim Chief Financial Officer. Jack Pulkinen who assumed the role of Chief Financial Officer since February 2009 will transfer his responsibilities to the strategic planning of the Company as Senior Vice-President Strategy.

Sparta Capital Ltd. (TSX-V: SAY) announced that Murray Hinz, has tendered his resignation from the interim position of Chief Financial Officer for Sparta. Mr. Hinz will continue in a consulting capacity with the Corporation. Ray Ludwig, currently Vice President Operations, has accepted the appointment to the additional role and responsibilities of Chief Financial Officer. Mr. Ludwig has prior Chief Financial Officer experience with public companies and has extensive prior experience in financial and business management as a consultant to public and private companies.

Focus Metals Inc. (TSX-V: FMS) announced the appointment of Judith Mazvihwa-MacLean as new Chief Financial Officer. Mrs. MacLean is replacing Khadija Abounaim who has resigned her position as CFO. Prior to joining Focus Metals Inc., Mrs. MacLean was the CFO for Logan Resources Ltd., and Acme Resources Inc. (formerly, International KRL Resources Corp.) from 2002 to 2010 and Golden Harp Resources Inc. from 2006 to 2009. She also served on the Boards of both Logan Resources Ltd., and Acme Resources Ltd.

Sunridge Investments Corp. (TSX-V: SRG) announced that following the closing of its Qualifying Transaction, Jerry Bella has been appointed as Chief Financial Officer and Corporate Secretary. Mr. Bella is currently the Chief Financial Officer of TNR and Foundation Resources Inc. and has experience at the executive level of both private and public companies.

Alacer Gold Corp. (TSX: ASR) announced the appointment of Douglas Tobler as Chief Financial Officer. Prior to joining Alacer (formerly Anatolia Minerals) in 2004, Mr. Tobler was president and founder of Falcon Strategic Partners where he provided advisory services to a number of mining, oil & gas, distribution and technology companies.

Luiri Gold Limited (TSX-V: LGL) announced that Mike Langoulant has been appointed Chief Financial Officer and Company Secretary following the resignation of Peter Tanham as CFO and Company Secretary.

Petrodorado Energy Ltd. (TSX-V: PDQ) announced the appointment of Sean Bovingdon as Vice-President and Chief Financial Officer of the Company, following the resignation of Alan Beaulieu.

PrimeWest Exploration Inc. (TSX-V: PWI) announced that Ross Jones has been appointed to the positions of President, Chief Executive Officer and Chief Financial Officer of the Corporation. Greg Noval has tendered his resignation as the President, Chief Executive Officer and a director of the Corporation and Manjeet Dhillon has tendered his resignation as Chief Financial Officer of the Corporation.

Saturn Minerals Inc. (TSX-V: SMI) announced that it has retained Scott Davis as its Chief Financial Officer ("CFO"). Mr. Davis' experience is extremely well suited for the position of CFO with Saturn Minerals. Mr. Davis replaces Larry Johnson who resigned as CFO.

Hy Lake Gold Inc. (CNSX: HYL) announced the appointment of Gaetan Chabot as Chief Financial Officer. Mr. Chabot has been Chief Financial Officer of several publicly traded junior mining companies for the past 5 years, including Asia Now Resources Corp. and Hawk Uranium Inc.

Royce Resources Corp. (TSX-V: ROY.H) announced the appointment of Gordon Keep as Chief Financial Officer and Corporate Secretary.

Petro-Reef Resources Ltd. (TSX-V: PER) announced that Alisdair Leeson has been appointed Vice President Finance and Chief Financial Officer of the Company. Mr. Leeson brings twenty five(25) years of experience as a Chartered Accountant in various industries. The appointment of Mr. Leeson is in addition to the previously announced appointment of Hugh Thomson as Chief Accountant.

Bowood Energy Inc. (TSX-V: BWD) announced that it has appointed Franco Civitarese as the new Chief Financial Officer , replacing Mr. Kryczka who acted as the CFO during a period of transition for Bowood. Mr. Kryczka will now be assuming the full time role of Vice President Business Development and will remain a director of the Company. Mr. Civitarese responsibilities as CFO will extend from his current position as VP Finance and will include primary responsibility for all financial and accounting matters including the preparation of financial statements and managing the financing needs of the Company.

Pacific Cascade Minerals Inc. (TSX-V: PCV) announced the appointment of John Meekison to the Board of Directors of the Company. Mr. Meekison also has extensive experience as a Chief Financial Officer of public companies, including iCo Therapeutics Inc. and Response Biomedical Corp. He is a director of Natcore Technology Inc. and is CFO and a director of Ravenstar Ventures Inc.

Colossus Minerals Inc. (TSX: CSI) announced that Claudio Mancuso has been appointed to serve as the Company's Chief Financial Officer, replacing Steven Poad. Prior to joining Colossus, Mr. Mancuso served as Vice President, Treasurer of Agnico-Eagle Mines Limited, a position he held since January 2009. Prior to that appointment, he served Agnico-Eagle in various financial management positions. Prior to joining Agnico-Eagle in 2002, he held positions at the Ontario Securities Commission and BDO Dunwoody LLP, a public accounting firm.

Sereno Capital Corporation (TSX-V: SZZ.H) announced that David Guebert has been appointed Chief Financial Officer of the Corporation.

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 25, 2011

Companies with CFOs on the move this week include: Argentum Silver Corp., Eaglewood Energy Inc., Panoro Minerals Ltd., Blue Note Mining Inc., Alacer Gold Corp., Compton Petroleum Corporation, Exile Resources Inc., Redstar Gold Corp., Softchoice Corporation, Otish Energy Inc., Mxi® Technologies, Belzberg Technologies, Inc., Canadian Imperial Venture Corp.

Argentum Silver Corp. (TSX-V: ASL) announced that following the closing of its Qualifying Transaction, it has announced that Simon Anderson has been appointed as Chief Financial Officer. Mr. Anderson is the Chief Financial Officer of Arco and is President of S2 Management Inc., a private Vancouver-based company providing financial consulting and corporate advice to private businesses and public companies listed in Canada and the United States. He has served as an officer and director of several companies and has experience in the process of public listing of private companies.

Eaglewood Energy Inc. (TSX-V: EWD) announced that Arlene Weatherdon has resigned as the Company's Chief Financial Officer. She has agreed to remain in a consulting role as long as her services are required. Diana Moes, Eaglewood's Controller, will become interim CFO, taking over many of Ms Weatherdon's duties.

Panoro Minerals Ltd. (TSX-VE: PML, BVLAC: PML, FRANKFURT: PZM) announced the appointment of David W. Huber as Chief Financial Officer, replacing Michael Kerfoot. Prior to joining Panoro, Mr. Huber spent over six years in the Cayman Islands providing CFO and Corporate Secretarial services for the reinsurance industry. He also spent over five years with KPMG in the Cayman Islands and PricewaterhouseCoopers in Edmonton, Alberta.

Blue Note Mining Inc. (TSX-V: BNT) announced the appointment of Daniel Bortoluzzi as Chief Financial Officer in replacement of Robert Therriault who has left the Company. Mr. Bortoluzzi has been the Company's corporate controller since October 2008 and has over fifteen years of experience working with private and public mining and manufacturing companies. Previously, Mr. Bortoluzzi has served as corporate controller of Campbell Resources, Zemex Corporation and Lorbec Metals, and was a manager at Samson Bélair Deloitte & Touche.

Alacer Gold Corp. (TSX: ASR) announced the appointment of Douglas Tobler as Chief Financial Officer. Prior to joining Alacer (formerly Anatolia Minerals) in 2004, Mr. Tobler was president and founder of Falcon Strategic Partners where he provided advisory services to a number of mining, oil & gas, distribution and technology companies.

Compton Petroleum Corporation (TSX: CMT) announced the departure of Leigh Cassidy, Vice President, Finance and Chief Financial Officer ('CFO'). Theresa Kosek, has been appointed to the position of Vice President, Finance and CFO upon Mr. Cassidy's departure. Ms. Kosek has over 16 years of experience in the petroleum industry in roles of increasing responsibility for finance and corporate matters. She has been with Compton for over 11 years and most recently served as Controller for the Corporation. Prior to this, Ms. Kosek was employed by Grant Thornton LLP, providing financial and valuation advice to a number of small to mid-sized petroleum clients. She also serves on the Board and is Treasurer of Lunchbox Theatre.

Exile Resources Inc. (TSX-V: ERI) announced that it has appointed Darren Moulds as the Company's new Chief Financial Officer. Mr. Moulds replaces Graham Warren who has resigned from the management team and will be leaving the Company to pursue other opportunities. Mr. Moulds has held previous management positions including Chief Financial Officer of Africa Oil Corp. and Financial Controller of Upstream Operations for Centurion Energy International Inc. (Dana Gas).

Redstar Gold Corp. (TSX-V: RGC) announced the appointment of Alec Peck as Chief Financial Officer. Mr. Peck takes over from Paddy Nicol, who has been with Redstar since 1995 serving as a director from 1999 and as its CFO since 2003. From 1986 until 1993, he was a partner in Toronto and then Vancouver with member offices of the international public accounting firm Horwath International. From 1993 until March, 2004, he was a vice-president in the corporate finance group of publicly listed full-service investment dealers, first with CM Oliver and then Canaccord Capital Corp., which acquired CM Oliver.

Softchoice Corporation (TSX: SO), announced the appointment of Bill Linton to Chairman of the Softchoice board. Mr. Linton is the Vice President, Finance and Chief Financial Officer of Rogers Communications Inc. Mr. Linton has held various executive level positions throughout his career. In addition to senior roles in finance at SHL Systemhouse Inc., Rogers Wireless and Rogers Cable, Mr. Linton managed the sale of Prior Data Services Inc., to X-wave Solutions while serving as Prior Data's Chairman and Chief Executive Officer.

Otish Energy Inc. (TSX-V: OEI) announced that Iqbal Boga has joined the Company, replacing Chris Hobbs as CFO and Director. He is currently the CFO, Secretary and a director of Taku Gold Corp. (TSX-V: TAK). Mr. Boga was a sole practitioner with I. J. Boga, Chartered Accountant from 1993 to August 2007. He has acted as a director, Chief Financial Officer and Corporate Secretary for various Exchange-listed companies. Mr. Boga was an officer and director of four capital pool companies, all of which have completed Qualifying Transactions.

Mxi® Technologies (www.mxi.com) announced the appointment of Scott Helmer to the role of Chief Financial Officer (CFO). Mr. Helmer brings over 15 years of experience to the role of CFO having previously held senior finance positions with both public and private technology companies in the communications and information security markets. Prior to joining Mxi, Mr. Helmer served as CFO of Galazar Networks and held senior finance roles with ActivCard, Alcatel, and Newbridge Networks.

Belzberg Technologies, Inc. (TSX: BLZ), following a definite agreement to merge itself with Frontline Technologies Corp. through an acquisition of Frontline by Belzberg. The combined entity, will operate under the Frontline brand name. David Evans of Belzberg will continue as VP Finance.

Canadian Imperial Venture Corp. (TSX-V: CQV, Frankfurt: DFM) announced the appointment of Tina Ricketts as Chief Financial Officer and Corporate Secretary for CIVC.

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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.

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