Ontario's transmission utility is making it official - Hydro One is appointing acting CEO Laura Formusa to the top job. Formusa has held the position for almost a year. Her predecessor, Tom Parkinson, quit last year after an auditor's report found $45,000 in expenses were improperly charged to his secretary's corporate charge card. Formusa, the former general counsel and secretary for Hydro One, has been with the utility since 1980. Hydro One is wholly owned by the province and has its head office in Toronto.
Xerox Canada Inc., Canadian subsidiary of copier giant Xerox Corp. (NYSE:XRX), has appointed U.S. executive Kevin Warren as president, CEO and chairman of Xerox Canada, effective Jan. 1. Warren, a 23-year sales management veteran of Xerox Corp., replaces Doug Lord, who will become president of the U.S. parent company's U.S. solutions group. Toronto-based Xerox Canada has more than 4,500 employees across the country.
AirIQ Inc. (TSX:IQ) says Mark Kohler has resigned as CFO, but will continue as a consultant. Michael Robb has been appointed vice-president of finance and administration. AirIQ specializes in telematics and security. Its head office is in Pickering.
Randy Nanek, CA, has been named CFO of Equitable Trust Co. He was most recently CFO of President's Choice Financial. Equitable Group Inc. (TSX:ETC) provides first-mortgage financing through its wholly owned subsidiary, the Equitable Trust Co. Its head office is in Toronto.
Jovian Capital Corp. says that its investment dealer subsidiary, MGI Securities Inc., has named David Bird as president and CEO. Since 2004 Bird has been president of a privately held investment company. MGI is an investment dealer firm with offices in Toronto, London, Winnipeg and Calgary. Jovian (TSX:JOV) is a management and holding company with interests in financial service firms. Its head office is in Toronto.
Erik Martin, CMA, has been named CFO and corporate secretary for Detour Gold Corp. (TSX:DGC). Martin has more than 15 years of management experience with a focus on publicly listed resource companies.
Detour Gold is a gold exploration and development company focused on its flagship Detour Lake project in Ontario. Its head office is in Toronto.
Liquidation World Inc. (TSX:LQW) has hired Mark Calaiezzi, CA, to succeed Andrew Searby as CFO in February. Calaiezzi's finance career spans more than 30 years. Searby had elected not to relocate to Brantford from Calgary during the company's recent office consolidation, but will remain through completion of fiscal 2007 yearend reporting in February. Liquidation World sells consumer merchandise in Canada through 102 retail outlets.
Virtek Vision Interna-tional Inc. (TSX:VRK) has named Stephen Sorocky as president and CEO. Sorocky was most recently the CEO of Dynacon Inc. Virtek is a developer and provider of industrial laser solutions. Its head office is in Waterloo.
Lake Shore Gold Corp. (TSX:LSG) says its president and CEO has indicated he will be stepping down when the company has retained a new president and CEO. Brian Booth will stay on as a director with Lake Shore. Based in Toronto, Lake Shore is transitioning from a pure mineral exploration company to an emerging gold producer in the Timmins gold camp of Ontario.
Family-focused online media company Kaboose Inc. (TSX:KAB) has appointed Craig Wallace, former CEO of AOL Canada Inc., as president and COO. He succeeds Jonathan Graff, who will become vice-chairman. Kaboose's websites focus on such subjects as parenting, birthday parties, scrapbooking, entertainment and education. It is headquartered in Toronto.
Canadian Mini-Warehouse Properties Co., the general partner of Public Storage Canadian Properties (TSX:PUB), has promoted Pino Spano to VP of operations. Spano joined the company in July 2003 as district manager for the GTA. Public Storage Canadian Properties is a limited partnership that owns more than 20 self-storage facilities. The general partner of PSCP is privately owned Canadian Mini-Warehouse Properties Co.
Peace Arch Entertainment Group Inc. (TSX, Amex: PAE), an integrated global entertainment company creating and acquiring film, television and DVD content, says Gary Howsam has voluntarily tendered his resignation as CEO and a director. Peace Arch has offices in Toronto, Vancouver and the U.S.
Ipico Inc. (TSXV:RFD) has hired Jonathan Loretto as VP for global service lines. Loretto has spent over a decade assisting companies with technology innovation. Ipico is an RFID service supplier with operations in Canada, the U.S. and overseas. Its head office is in Burlington.
Kingsway Arms Retirement Residences Inc. (TSXV:KWA.P) has appointed Dan Kowalchuk as CFO. Kowalchuk, a CA, had been CFO of ASG Financial Corp. since 2004. Kingsway's COO, Graham Parker, had also been serving as CFO. He will be taking a voluntary leave of absence to attend to personal matters. His COO responsibilities will be overseen by Sheila Mansion, VP of operations. Kingsway is a capital pool company with its head office in Vaughn.
Verena Minerals Corp. (TSXV:VM) has appointed Adam Rochacewich, CA, as its CFO. He succeeds Ed Badida, who will continue to be available as a consultant. Verena explores for gold, diamonds and gemstones in Brazil. Its head office is in Toronto.
Nightingale Informatix Corp. (TSXV:NGH) says Nick Vaney has been promoted to VP of operations and chief strategy officer. Replacing him as CFO is Michael Ford. Before joining Nightingale, Ford was the CFO of X.EYE Inc. Nightingale is a health-care application service provider. Its head office is in Markham.
Amerix Precious Metal Corp. (TSXV:APM) has named Jeffrey Reeder as CEO and Dan Hamilton as CFO. Reeder is a professional geologist who has worked extensively throughout Latin America for the last 15 years. Hamilton brings more than 25 years in accounting and financial roles. Amerix explores for precious metals in Brazil. Its head office is in Toronto.
Mooncor Oil & Gas Corp. (TSXV:MOO) has hired Michael Collins as its VP of exploration. Collins, a professional geologist, most recently worked at Pioneer Canada Inc. Based in Toronto, Mooncor is a junior oil and gas company that recently changed its short-term focus to oil.
Gary Armstrong has been appointed CFO of Family Memorials Inc. (TSXV: FAM). Armstrong is a CMA with more than 20 years' experience in finance and administration. Family Memorials is focused on consolidating retail businesses selling granite gravesite monuments. Its head office is in Thunder Bay.
BD-BrandProtect has appointed Frankie Wong as its chief technology officer. Prior to joining BD-BrandProtect, Wong founded middleware provider Avokia. BD-BrandProtect helps companies detect, uncover and take down online threats to their brands. Its head office is in Toronto.
N-able Technologies has appointed Elias Diamantopoulos as COO. Diamantopoulos comes to N-able with more than 20 years of experience within the IT industry. N-able Technologies supplies remote monitoring and management technology and business transformation services for managed-service providers. It is headquartered in Ottawa.
Robert Bell, one of the two founders of Applied Precision Inc., is now president and Scott Reiner of Cambridge has joined as co-owner and VP of sales and marketing. Applied Precision provides 3D digitizing systems and services to numerous manufacturing industries. The privately held company is based in Mississauga.
Don Rolfe has been appointed to serve as president and CEO of Central 1 Credit Union upon closing of the proposed combination of Credit Union Central of B.C. with Credit Union Central of Ontario. Rolfe is currently president and CEO of Credential Financial Inc. and The Ethical Funds Co. Central 1 will provide payments, treasury, Internet banking and trade services to more than 200 credit unions in B.C. and Ontario, serving some 2.7 million members. With offices in Vancouver and Mississauga, it will start operations with more than $7.4 billion in assets.
- with files from The Canadian Press.
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