Downe moves from CEO of BMO Nesbitt Burns to become COO of BMO Financial Group.
He'll be succeeded as chief of BMO Nesbitt Burns by Yvan Bourdeau, currently president and CEO of the investment division.
Chief financial officer Karen Maidment - also seen as a contender for the bank's top job - will have her title expanded to chief financial and administrative officer.
Davis + Henderson Income Fund (TSX:DHF. UN) has appointed Bob Cronin as CEO and Sanford McFarlane as executive vice-chairman. They previously shared co-CEO duties.
Toronto-based Davis + Henderson provides cheque supply programs and related services.
RDM Corp. (TSX:RC), which develops software and hardware products for electronic payment processing, has appointed James Merwin as CFO.
Merwin was most recently a financial consultant to BTI Canada.
Merwin replaces James Kopperson, who in November announced his intention to resign the position once a successor was found.
RDM Corporation is headquartered in Waterloo.
Metconnex, a provider of optical wavelength selective switch (WSS) modules, has promoted David King to chief operating officer.
King has over 20 years of integrated optics and networking business experience gained through Nortel, Newbridge Networks, Galian and Zenastra Photonics. He has held executive positions in North America, Europe and Asia and is one of Metconnex's four founders.
Metconnex is headquartered in Ottawa.
Chemicals supplier Chemtrade Logistics Income Fund (TSX:CHE.UN) has named the former president of Rogers Telecom Inc. as its new president and COO.
David Masotti replaces Claudio D'Ambrosio, who is on medical leave and will be available as a consultant.
Chemtrade also named Rohit Bhardwaj as co-CFO. He will serve jointly with Victor Wells, who will retire as CFO on March 31.
Bhardwaj was previously CFO, corporate secretary and executive VP for operations of Inscape Corp., a manufacturer and designer of office furniture.
Chemtrade provides a variety of industrial chemicals. Its head office is in Toronto.
Scotiabank (TSX:BNS) has named longtime executive Bob Brooks as vice-chairman and group treasurer to replace Bob Chisholm, who will retire as vice-chairman and president and CEO of domestic banking and wealth management in April.
Among other top changes, Chris Hodgson has been appointed executive VP, head of domestic personal banking, in addition to his current duties as executive VP of wealth management.
Alberta Cefis will add domestic personal lending and insurance to her current portfolio as executive VP of retail lending services.
Executive VP of domestic branch banking Wendy Hannam has been appointed executive VP of domestic personal banking and distribution.
Motion Picture Distribution Inc.'s (TSX:FLM.UN) current CEO Victor Loewy will become chairman, while current president and COO Patrice Theroux will move into the chief executive spot.
The position of COO at the company - the general partner of Motion Picture Distribution LP - will not be replaced.
Alliance Atlantis Communications Inc. CFO David Lazzarato will assume the newly created position of vice-chair of the board.
Motion Picture Distribution Inc.'s head office is in Toronto.
Nabil Mazhar has been appointed vice-president of Core Logistics International Inc.
Mazhar has extensive experience in the Canadian and global air-transportation industry.
Core Logistics is a group of companies specializing in a specific link of the logistics supply chain. Its headquarters are in Toronto.
FNX Mining Co. Inc.
(TSX, Amex:FNX) has appointed Anthony Makuch as senior VP and COO.
Makuch is an engineer with more than 25 years of experience in the mining industry.
Toronto-based FNX is a mid-tier mining company.
Ur-Energy Inc. has appointed William Boberg as president and interim CEO. Boberg has been VP of U.S. operations for the corporation since September 2004.
Uranium explorer Ur-Energy remains Ontario-based with its head office in Orleans.
Action sport retailer West 49 Inc. has appointed Paul Beaumont as COO. He has been a retail consultant to West 49 since August.
West 49 Inc. is a multi-banner retailer of apparel, footwear and accessories related to skateboarding, snowboarding and surfing. Its head office is in Burlington.
The Equicom Group Inc., a Toronto-based investor relations and financial communications firm, has appointed Jo-Anne Archibald to the new position of VP of corporate secretarial services. Archibald has an MBA from the Richard Ivey School of Business.
Matthew Chapman, CFO of Workbrain Corp. (TSX:WB), is to become senior VP of operations. Chapman had led the financial operations of Workbrain since 2000.
Toronto-based Workbrain develops and markets workforce management software.
Crystallex International Corp.(TSX, Amex:KRY) says that Dan Hamilton, VP and controller since 2003, has been appointed CFO on the retirement of Borden Rosiak.
Crystallex is a Canadian gold producer with its head office in Toronto.
Internet acceleration technology company SlipStream Data Inc. has added Ante Rupcic and Cam Ruttle to its executive team.
SlipStream said Rupcic brings 20 years of telecom experience, most recently with Telus Mobility.
Ruttle, who has more than 20 years of experience in wireless carrier and IT services, recently joined SlipStream from Research In Motion.
Privately held SlipStream is headquartered in Waterloo.
Jovian Capital Corp. (TSXV:JVN) has appointed Russ Lindsay as its COO. Lindsay was most recently CEO of Leon Frazer & Associates Inc., one of Jovian's subsidiaries, and will continue to hold that position until a replacement is found.
Mal Anderson, the CEO of Rice Financial Group Inc., another Jovian subsidiary, will serve as senior VP of Jovian.
Jovian is a management and holding company with interests in a variety of financial service firms. Its head office is in Winnipeg and its executive office in Toronto.
Bryan Hills has been appointed CFO of NBS Technologies Inc. (TSX:NBS). He comes from Cygnal Technologies Corp.
NBS Technologies manufactures smart cards and personalization equipment. Its head office is in Toronto.
Western Troy Capital Resources Inc. (TSXV:WRY) has appointed Rex Loesby as president.
Loesby is a mining engineer and also has an MBA.
Western Troy is a mineral exploration company with its head office is in Toronto.
Nortel Networks (TSX:NT) has appointed Dennis Carey as executive VP of corporate operations, the latest former General Electric employee hired by the company. Carey most recently worked for Motorola.
- with files from The Canadian Press.
