Companies with CFOs on the Move this week include: BIOREM Inc., Xtreme Coil Drilling Corp., Emera Inc., Columbus Gold Corporation, Canada Gas Corp., ArcelorMittal Mines Canada, Cangene Corporation, Jomar Capital Corp., DirectCash Payments Inc.
BIOREM Inc. (TSX-V: BRM) announced that Robert Wood has been appointed as Chief Financial Officer of the Company. Before joining Biorem, Mr. Wood served as the CFO of Trojan Technologies, a leading global water treatment technology company. Mr. Wood also held positions of progressive responsibility in the field of financial management as a management consultant in France and at Weston Bakeries Ltd. in Toronto, Ontario.
Xtreme Coil Drilling Corp. (TSX: XDC) announced the appointment of Dale W. Wilhelm as chief financial officer, replacing Elizabeth T. Wilkinson. Most recently, Mr. Wilhelm provided senior management consulting services to two large independent North American drilling contractors. From 2002 until 2007 he held increasingly senior roles with TODCO in Houston, Texas and fulfilled the role of vice president and chief financial officer from 2005 forward.
Emera Inc. (TSX: EMA) announced that effective May 1, 2011, Nancy Tower, presently the Executive Vice President and Chief Financial Officer of Emera and Nova Scotia Power Inc., will assume the role of Executive Vice President, Business Development for Emera Inc. In addition to overall responsibility for business development, Ms. Tower will also oversee the Emera partnership with Nalcor Energy including the execution of the Lower Churchill Project as the CEO, Emera Newfoundland and Labrador. Ms. Tower, a Fellow Chartered Accountant, joined Nova Scotia Power in 1997 and has held senior positions in the company in Corporate Finance and Operations, including Controller and Vice President of Customer Operations. Ms. Tower serves on the Boards of a number of Emera investments including Bangor Hydro Electric Company, ICD Utilities, Brunswick Pipeline and Atlantic Hydrogen. Prior to joining Emera, Ms. Tower worked with Grant Thornton, A.I. Tower and Ernst and Young. Ms. Tower is currently serving on the Board of Directors of Nova Scotia Business Inc., as well as, the Advisory Council of the Dalhousie University Corporate Residency MBA Program. She is a past member of the Board of Trustees of the QEII Foundation, and the Board of Directors of CAA Atlantic. She is the former Chair of the Nova Scotia Institute of Chartered Accountants and a graduate of Dalhousie University. Emera will begin an immediate search for a new CFO.
Columbus Gold Corporation (TSX-V: CGT) announced the appointment of Akbar Hassanally as its Chief Financial Officer, replacing Sean McGrath. Early in his career, Mr. Hassanally audited junior mining companies at KPMG in Vancouver. Since 1995, he has been engaged as a mergers and acquisitions advisor, including on Wall Street with Credit Suisse First Boston and JP Morgan Chase, where he was responsible for conducting financial analysis and executing merger transactions in a variety of industries, including metals and mining.
Canada Gas Corp. (TSX-V: CJC; OTC-BB: CJCFF; FSE: YXEN) appointed Kelsey Chin as Chief Financial Officer of the Company. Ms. Chin has over 7 years experience in audit, finance and accounting within the mining and exploration industry. As an Executive Officer of TintinaGold Resources Inc. and AsiaBaseMetals Inc., Ms. Chin was involved with numerous financings and spin out transactions and was responsible for all aspects of financial services, financial reporting, and corporate governance. She holds a Bachelor of Commerce degree and is currently completing her CGA designation.
K+S Canada Holdings Inc. announced that as part of its acquisition of the majority of othe common shares of Potash One Inc. all of the existing directors and senior officers of Potash One resigned in accordance with the Support Agreement. Luis E. Mendoza, Vice President of K+S North America will serve as Chief Financial Officer of Potash One.
ArcelorMittal Mines Canada announced that Benoit Alain, formerly Vice-President, Commercial and Business Development, and also in charge of Sales and Marketing for the ArcelorMittal Group’s entire mining sector, has been appointed Vice-President and Chief Financial Officer. Mr. Alain occupied similar functions at ArcelorMittal Montreal Inc. from 2002 to 2008 before joining ArcelorMittal Mines Canada.
Cangene Corporation (TSX: CNJ) announced that Dr. John Langstaff, President and CEO of Cangene Corporation, has advised the Board of Directors ("Board") of the Company of his intention to step down from his current role after serving in this position for more than 20 years. Effective immediately, Dr. Langstaff resigns from his position as President and CEO, and from the Board of Directors, but will continue as a special advisor to the Company. The Board has initiated a search for a successor to Dr. Langstaff, and in the meantime, has appointed Michael Graham, the current CFO of the Company, as acting President and CEO.
Jomar Capital Corp. (TSX-V:: JOE.P) announced that as part of the completion of its previously announced business combination with Online Energy Inc., Thomas Love has been named as Chief Financial Officer.
DirectCash Payments Inc. (TSX: DCI) announced that it has promoted Claudette M. Dick as CFO for DirectCash Payments Inc. as well as the various other limited partnerships, partnerships, corporations, and subsidiaries that are part of the DirectCash group (collectively referred to as "DirectCash"). DirectCash's current CFO, Hendrik J. Lombard has accepted a position with another company. Ms. Dick recently returned from maternity leave and brings with her experience as Vice President of Finance (from September 2010 to January 2011) and prior thereto as Controller (from May 2004 to July 2009) at DirectCash.
If you have news about CFOs on the move, or any comments on this feature, please email us.
Showing posts with label OSC. Show all posts
Showing posts with label OSC. Show all posts
Sunday, January 30, 2011
Sunday, November 28, 2010
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.
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.
Tuesday, November 9, 2010
Corporate Social Responsibility – Is it the CFOs Mandate?
In business today, we are hearing a lot about Corporate Social Responsibility (CSR). CSR includes all aspects of being a good corporate citizen, which is a pretty wide mandate.
What is the CFOs role with CSR?
Corporate Social Responsibility is a vision from the top. This vision should be set by the board and the CEO, with input from important stakeholders, including employees and shareholders. CSR Vision may not be the CFOs role, but reporting about CSR issues seems to be falling on to the CFOs desk.
Examples of CSR issues falling on the CFOs desk include:
Securities Regulations – With the CFO being responsible for shareholder communication, Securities Regulators are continuing to add disclosure requirements. The most recent example in Canada is CSA Staff Notice 51-333 on Environmental Reporting (See Ernst & Young’s recent Financial Reporting Alert)
Financial Statement Impact – CSR issues, specifically environmental issues, have a Financial Statement impact and needs to ensure these risks are properly recorded and disclosed in the financial statements.
Good Governance – Being a good corporate citizen requires appropriate governance. As CFO, you have been dealing with Sarbanes Oxley reporting for the past years. CFO Certification is a product of CSR.
Is CSR the CFOs mandate?
No, but it does add to the work load. As a leader in your organization, it is important that you take a leading role in CSR issues. The challenge that many CFOs face in this area is that they do not really understand what the issues are.
Education is the key.
As CFO, being aware and intelligent on CSR issues will help your company and your career. I highly recommend that you add CSR to your continuing education portfolio. A great example of this is the CICA Conference on Environmental, Social and Governance Issues, being held in Toronto on December 6 – 7, 2010.
Add your voice to the CSR conversation.
As a leader in your company, do not shy away from CSR issues. Listen, attend meetings and share your input. CSR affects you. Contribute to the conversation.
What is the CFOs role with CSR?
Corporate Social Responsibility is a vision from the top. This vision should be set by the board and the CEO, with input from important stakeholders, including employees and shareholders. CSR Vision may not be the CFOs role, but reporting about CSR issues seems to be falling on to the CFOs desk.
Examples of CSR issues falling on the CFOs desk include:
Securities Regulations – With the CFO being responsible for shareholder communication, Securities Regulators are continuing to add disclosure requirements. The most recent example in Canada is CSA Staff Notice 51-333 on Environmental Reporting (See Ernst & Young’s recent Financial Reporting Alert)
Financial Statement Impact – CSR issues, specifically environmental issues, have a Financial Statement impact and needs to ensure these risks are properly recorded and disclosed in the financial statements.
Good Governance – Being a good corporate citizen requires appropriate governance. As CFO, you have been dealing with Sarbanes Oxley reporting for the past years. CFO Certification is a product of CSR.
Is CSR the CFOs mandate?
No, but it does add to the work load. As a leader in your organization, it is important that you take a leading role in CSR issues. The challenge that many CFOs face in this area is that they do not really understand what the issues are.
Education is the key.
As CFO, being aware and intelligent on CSR issues will help your company and your career. I highly recommend that you add CSR to your continuing education portfolio. A great example of this is the CICA Conference on Environmental, Social and Governance Issues, being held in Toronto on December 6 – 7, 2010.
Add your voice to the CSR conversation.
As a leader in your company, do not shy away from CSR issues. Listen, attend meetings and share your input. CSR affects you. Contribute to the conversation.
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