The incoming president and chief executive of Barrick Gold Corp. (TSX, NYSE:ABX) says he will "definitely" be looking at acquisitions when he takes the reins of the world's largest gold producer. Aaron Regent, currently senior managing partner of Brookfield Asset Management and co-CEO of that company's infrastructure group, will take over from Barrick founder and chairman Peter Munk, who has been acting CEO since March, when former CEO Greg Wilkins went on medical leave. Wilkins later resigned in July. Regent's appointment is effective Jan. 16.
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Brick Brewing Co. Ltd. says that executive chairman and founder Jim Brickman has handed in his notice of retirement. Brickman founded the company in 1984 and has been executive chairman since 2004. Brick is a regional brewer of premium and value beers. Its head office is in Waterloo.
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Big-screen movie technology developer Imax Corp. (TSX:IMX) is lowering the curtain on its long-running co-chairman and co-CEO act. Imax says that Bradley Wechsler will become sole chairman as of April 1, while Richard Gelfond begins an exclusive engagement as CEO. The two men have been partners at Imax since acquiring the company in March 1994, taking it public shortly afterward. The company added that it is seeking a COO. Imax is headquartered jointly in New York and Toronto.
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Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) has appointed Terry Whalen as chief investment officer. Whalen was most recently managing director of capital markets for CB Richard Ellis. Chartwell owns and manages a complete spectrum of seniors housing communities. Its corporate office is in Mississauga.
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Liquidation World Inc. (TSX:LQW) is looking for a new president and CEO after announcing the resignation of Jonathan Hill. Hill, who has been with the company for 17 years, will remain available on a consulting basis to assist in the transition. Chairman Craig Graham will be interim CEO of the 98-store specialist in "asset recovery problems.”
Liquidation World's head office is in Brantford.
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Resolve Business Outsourcing Income Fund (TSX:RBO.UN) has appointed Bruce Simmonds as president and CEO, and Gerry McDonald as interim CFO. Simmonds, a CA, was most recently president and CEP of Aditya Birla Minacs Worldwide Ltd. McDonald, also a CA, has 30 years of experience as a financial professional. Resolve works with businesses as an outsourced resource, taking on critical processes and managing them. Its head office is in Mississauga.
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Continental Precious Minerals Inc. (TSX:CZQ) has named Michael Bromley-Challenor as executive VP and director of exploration and development. Gustav Akerblom has been named executive VP and director of environmental management. Bromley-Challenor has been responsible for the company's project management in Sweden since early 2005.
Before joining Continental as a consultant in 2007, Akerblom held senior positions with the Swedish Radiation Protection Authority. Continental Precious Minerals is a multi-metal exploration company with licences in Sweden. Its head office is in Toronto.
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The Consumers' Waterheater Income Fund (TSX:CWI.UN) has named John Toffoletto as senior VP, general counsel and corporate secretary for the fund and its subsidiaries. Toffoletto comes to the fund from corporate law firm Torys LLP. Consumers' Waterheater owns a portfolio of about 1.4 million installed water heaters and other assets, rented primarily to residential customers in Ontario. Its head office is in Markham.
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Grey Horse Corp. (TSX:GHC) has named Paul Smith as president and CEO of GHC, and CEO of its principal subsidiary Equity Transfer & Trust Co. Josh Reusing, the controller, has been appointed acting VP of finance. Grey Horse is a financial services company focused on the corporate and institutional markets. Its head office is in Toronto.
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Newport Partners Income Fund (TSX:NPF.UN) says it has appointed Dean MacDonald as president and CEO, replacing Peter Wallace, who resigned. MacDonald joins Newport after a career spent building and managing public and private companies. Newport Partners is a diversified fund that invests in Canadian private businesses. Its head office is in Toronto.
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HydraLogic Systems Inc. (TSXV: HLS) says Bob Brown has resigned as CFO due to an unexpected personal situation. Doug Smith becomes interim CFO. HydraLogic manufactures misting systems for the mosquito- and odour-control sectors in the U.S., Canada and 12 other countries. It has offices in Toronto, Houston and Fort Lauderdale, Fla.
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Hy-Drive Technologies Ltd. (TSXV:HGS) says that Tom Wallace has left the positions of VP and CFO. Fred Florence has been named CFO. For the past five years Florence has been VP and COO of a customs brokerage agency. Hy-Drive's hydrogen generating system provides additive amounts of on-vehicle generated hydrogen. Its head office is in Mississauga.
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FNX Mining Company Inc. (TSX:FNX) has named new senior managers, which it says will help it "better manage" the economic downturn. The Toronto-based miner said it has promoted Bill Shaver to COO, Gord Morrison to senior VP of exploration, and Catharine Farrow to senior VP of corporate development and technical services. Shaver came to the company in September as president of DMC Mining Services; Morrison joined FNX in 2002; and Farrow in 2003. In December, FNX cut its workforce by 307 people as it extended the suspension of its nickel ore production in Sudbury. FNX has various properties located in the Sudbury mining camp. Its head office is in Toronto.
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Baffinland Iron Mines Corp. (TSX:BIM) has appointed Gwen Gareau to the position of CFO, succeeding Robert Chausse. Chausse has accepted a position with another company but will continue to act as a consultant, Baffinland said in a release. Gareau is a CA who joined Baffinland as controller in April 2008. Baffinland is a junior mining company focused on its wholly owned iron-ore deposits on Baffin Island. Its head office is in Toronto.
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COO Patrick Scott is resigning his position and stepping down from the board of directors as Ivernia Inc. (TSX:IVW) closes its office in Sydney, Australia. The Toronto-based company said the closure and Scott's resignation are part of a larger cost-cutting program. The move comes as many metals miners around the world feel the pinch from a rapid contraction of commodity prices. Ivernia said Scott's responsibilities would be handled by chief executive Alan De'Ath, while corporate functions will be managed from the company's Toronto headquarters.
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Packaging company Polyair Inter Pack Inc. (TSX:PPK) has named Gary Tessitore as CEO and a director, Michael McEntee as CFO, and Martin Gilvarg executive VP. Polyair manufactures a wide range of protective packaging products and swimming pool solar covers in North America. Its head office is in Toronto.
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Brian Hedges will succeed Edward Siegel as president and CEO when Siegel retires on May 12 from Russel Metals Inc. (TSX:RUS). Hedges joined Russel as CFO in 1994 and is currently executive VP and COO. Russel is a metal distribution company with head office is in Mississauga.
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Yukon Gold Corp. Inc. (TSX:YK) says that Ronald Mann has resigned as president, CEO and director. J.L. Guerra was named president and CEO. He has more than 20 years of experience organizing and directing junior exploration mining concerns. Yukon Gold explores and develops mining properties. Its head office is in Toronto.
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Augen Gold Corp. (TSXV:AUJ) says that Michael Fowler has resigned as its president and CEO, as COO of Augen Capital Corp. (TSXV:AUG) and as director of both. "In view of current market conditions the company is looking at other means of reducing overhead," Augen said in a statement. Augen Gold is a gold exploration company with claims in the Swayze Greenstone Belt. Its head office is in Toronto.
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Takara Resources Inc. (TSXV: TKK) says Julie Lassonde will replace Jennifer Boyle as president. Lassonde was most recently VP of corporate development with Southampton Ventures. Boyle will replace Wesleigh Harkness as CFO. Harkness was interim CFO and she will continue as a consultant. Takara Resources is a junior mining exploration company. Its head office is in Toronto.
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Geoinformatics Exploration Inc. (TSXV:GXL) has named Rosie Moore as its interim CEO. Moore joined the board in June and is a consultant to Geologic Resource Partners LLC.
GRP is the investment manager for a family of geologic resource funds that hold about 84.9 percent of the common shares. Geoinformatics is based in Toronto.
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Invesco Trimark has named Norman MacDonald to the positions of VP and portfolio manager. He brings more than 14 years of investment industry experience. Based in Toronto, Invesco Trimark is a subsidiary of Invesco Ltd., an investment manager.
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Shafique Shamji has been named president of software company Privasoft. Shamji has more than 20 years' experience in information technology, most recently as president of SS TeleConsulting. Privasoft produces collaborative software for managing freedom of information, access to information and privacy legislation compliance. It has offices in Ottawa, Virginia and the U.K.
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Interface Biologics Inc. says Thomas Reeves has been appointed its new president and CEO and a director. Reeves was most recently president and COO of OccuLogix, a medical device company. Privately held Interface Biologics is a biomaterials company developing nano-engineered biomedical polymers for use in implantable medical devices. Its head office is in Toronto.
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ISB Canada, a pre-employment screening company, has appointed Gino Fiorucci as its new CEO. Before joining ISB, Fiorucci was president of an application service provider serving the incentive-loyalty industry. ISB Canada’s head office is in Milton.
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Marc Tomlinson has been appointed VP of CTCanada, an affiliate of Concurrent Technologies Corp. of Johnstown, Pa. Prior to joining CTCanada, Tomlinson held positions in the federal civil service. CTC provides management and technology-based services to government and industry. Its head office in Ottawa.
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The Research Innovation and Commercialization Centre (RIC Centre) says that David Pasieka is the new entrepreneur-in- residence. Pasieka’s experience spans telecommunications, enterprise software, IT and clean technology. He is currently the president and CEO of Cedarvue Partners. RIC Centre is a regional innovation network that assists entrepreneurs to commercialize innovations in advanced manufacturing, aerospace and life sciences sectors. Its office is in Mississauga.
- with files from The Canadian Press (For more Moving On listings, please visit www.businessedge.ca. E-mail notices and photos at least two weeks before publication date to murdoch@businessedge.ca)
