Franco-Nevada Corp. (TSX:FNV) has hired Alex Morrison as CFO. He comes from Newmont Mining Corp. Former CFO Paul Brink remains senior VP for business development. Franco-Nevada is a resource sector royalty and investment company with corporate office in Toronto.
Argenta Oil & Gas Inc. (TSXV:AZA) has named Maria Jose Taveira as its CFO. Taveira, a CPA with 20 years’ experience in investment banking and oil and gas in South America, will work in Argenta’s principal operating office in Buenos Aires. The energy company’s oil and gas assets are in Argentina and Colombia. Its head office is in Toronto.
U3O8 Corp. (TSXV:UWE) has named Richard Spencer as president and CEO effective Jan. 31. Spencer was most recently VP of exploration for Crystallex International Corp. Allan Ibbitson has resigned as president, CEO and director, but remains a consultant. U3O8 Corp. is a junior mineral exploration company based in Toronto.
Carmen Yuen has been named treasurer of MacMillan Gold (TSXV:MMG) and Duran Ventures Inc. (TSXC:DRV). Duran Ventures is a resource company. MacMillan Gold is a junior resource company focused on gold and silver assets primarily in Mexico. The companies have their head offices in Toronto.
Volkswagen Group Canada has promoted Montreal native John White to president and managing director, making him the first Canadian-born head of the German automaker’s operations in this country since their formation in 1952. The combination of Volkswagen Canada and Audi Canada into the newly named organization took effect Jan. 1. White joined Volkswagen in 1993. Since January 2005, he has been executive vice-president at Volkswagen Canada Inc., a position he will continue to hold in addition to his new responsibilities.
Comprehensive Care International has named Jarvis Hoult as VP of projects. For the past 12 years Hoult held leadership positions in large tertiary hospitals in the Middle East. CCI is an international project management firm specializing in comprehensive healthcare services. Its head office is in Toronto.
Marketwire Inc. has named Clint Becker as CFO. Becker comes from Pareto Corp. Marketwire provides news distribution, media management, multimedia and monitoring services.
Fidus Systems Inc., an electronic product development company, has named Kevin Rankin as its president. Rankin most recently founded Ottawa-based Tropic Networks Inc. Fidus’s head office is in Ottawa.
IgeaCare Systems Inc. has named Pramod Gaur as president of its Healthanywhere division. Prior to joining IgeaCare, Gaur served as the founding president and CEO of Viterion TeleHealthcare LLC. IgeaCare develops and manufactures state-of-the-art telephony-based communication systems, with a focus on the healthcare sector. It is based in Richmond Hill.
Barry Engle, a 15-year veteran of Ford Motor Co. who has been president of its Brazilian operations, was named president and chief executive of Ford of Canada, effective Feb. 1. Engle replaces Bill Osborne, who will become president of the Detroit automaker’s operations in Australia. The change in management comes as Ford of Canada and the industry as a whole face a number of challenges. They include a long-term loss of market share by North American-based automakers to Asian and European competitors and the strengthening of the Canadian dollar that’s hurting most manufacturers that export to the United States.
CIBC (TSX:CM) gave its troubled investment banking division a facelift recently by unveiling plans for the head of the Toronto Stock Exchange to join as chief executive of CIBC World Markets. Richard Nesbitt, currently chief executive of the TSX Group (TSX:X), plans to quit Canada’s stock market operator and join CIBC on Feb. 29. Leaving the bank will be current CIBC World Markets CEO Brian Shaw, as well as chief risk officer Ken Kilgour. Nesbitt joins the bank, where he worked a decade ago, as CIBC works to turn around a department mangled by writedowns and risky loans to the battered U.S. housing market. CIBC also said it would move chief financial officer Tom Woods, a 30-year CIBC veteran, into the position of chief risk officer, effective immediately. He will be replaced as CFO by David Williamson, who has been president and CEO of warehouse freezer company Atlas Cold Storage and CFO of the former Clarica Life Insurance.
Certicom Corp. (TSX:CIC) has appointed Karna Gupta as CEO, replacing interim president and chief executive Bernard Crotty. Gupta was most recently president of the real-time billing division of Comverse Technologies. Certicom protects content, applications and devices with government-approved security offerings. The corporate office is in Mississauga.
Nortel Networks Corp. (TSX:NT) has hired William Nelson, formerly senior vice-president at EMC Corp., as executive VP for global sales. Nelson will work from Nortel’s office in the Boston suburb of Billerica. Nortel’s head office is in Toronto.
SuiteWorks Inc. has engaged Peter Browne, formerly VP of Nortel Network Corp.’s global real estate planning unit, as its president and CEO. SuiteWorks operates satellite offices that provide turnkey workspaces and supporting business services. Its head office is in Barrie.
Merchant bank Tri-White Corp. (TSX:TWH) has named Robert Wright CFO, succeeding Donald Turple, who becomes VP for corporate development after eight years as CFO. Wright was previously CFO at Renasant Financial Partners, in which Tri-White is the largest shareholder. Tri-White’s other interests include 70 per cent of golf course operator ClubLink Corp. and 100 per cent of the White Pass & Yukon Route Railway.
EnGlobe Corp. (TSX:EG) president and CEO Tony Busseri has stepped down by “mutual agreement” with the company after heading the restructuring of the former Environmental Management Solutions Inc. While the Burlington-based waste management company seeks a new chief executive, CFO Aline Belanger has been named interim president and CEO.
Magna Entertainment Corp. (TSX:MEC.A) has named Ron Charles, a company insider and thoroughbred horse owner and breeder, as its new chief operating officer. Charles joined the Aurora-based company in 2004 as executive director of MEC California.
ARISE Technologies Corp. (TSX:APV) has hired Bert Pendergast as VP and general manager for the ARISE Systems division. Pendergast was most recently Celestica’s global VP and GM for aftermarket services. ARISE is dedicated to accelerating the use of solar energy in mainstream markets. Its head office is in Waterloo.
OccuLogix Inc. (TSX:OC) says seven vice-presidents have either left the company or are scheduled to leave by the end of January as part of a cost-cutting program at the financially troubled medical device maker. Toronto-based OccuLogix was set up as a subsidiary of TLC Vision Corp. (TSX: TLC) to develop a blood filtration process to treat a form of blindness. OccuLogix was later spun off as a public company with TLC as its largest shareholder. The departing executives include: John Cornish (VP operations), David Eldridge (VP science and technology), Julie Fotheringham (VP marketing), Steve Parks (VP sales), Steve Westing (VP medical and scientific development), Nozhat Choudry (VP clinical research) and Stephen Kilmer (VP investor and public affairs). Kilmer will continue to work with the company on contract. Chairman and chief executive Elias Vamvakas and the company’s president, Tom Reeves, have both agreed to remain and accept a 50-per-cent paycut.
CI Financial Income Fund has named Sheila Murray as senior VP and general counsel. Before joining CI, she was a senior partner at Blake, Cassels & Graydon LLP specializing in corporate finance and mergers and acquisitions. CI Financial Income Fund (TSX:CIX.UN) is an independent, Canadian-owned wealth management company.
Denison Mines Corp. (TSX:DML, Amex:DNN) has hired Curt Steel as VP of marketing and sales and Philip Buck as VP of mining. Steel will work in New Milford, Conn., and Buck in Denison’s Denver office. Steel comes to Denison from Nukem Inc. where he had been senior trader since 1998. Buck was most recently GM for Canada of the mining services division of Dynatec Corp. Denison is an intermediate uranium producer in North America. Its head office is in Toronto.
RioCan Real Estate Investment Trust (TSX:REI.UN) has appointed Raghunath Davloor, the former director of investment banking for TD Securities Inc., as senior VP and CFO, effective Feb. 11. RioCan is one of Canada’s largest real estate investment trusts. Its head office is in Toronto.
International Nickel Ventures Corp. (TSX:INV, INV.WT) has appointed Candace MacGibbon as CFO effective March 31. MacGibbon comes with extensive experience in the mining sector as a result of her previous work with RBC Capital Markets and BMO Nesbitt Burns. INV’s head office is in Toronto.
Adolfo Vera has been named executive VP and CFO of Silver Eagle Mines Inc. (TSX:SEG). Vera was most recently CFO and CIO of a publicly traded mining company in Peru. He will work in Silver Eagle’s Toronto head office. Frank Salvati resigned as CFO at the end of last year but will remain as a consultant for the transition. Silver Eagle is redeveloping a historic silver property in the heart of the Mexican precious-metals belt.
Vena Resources Inc. (TSX:VEM) has named Rod Ogilvie to the new positions of VP of engineering and country manager. Ogilvie most recently supervised Cameco’s work in Mongolia as director and COO. Ogilvie now will work in Lima. Vena Resources is focused on mineral properties in Peru. Its head office is in Toronto.
Canadian Satellite Radio Holdings Inc. (TSX:XSR), operator of XM Canada, has named Janet Gillespie as its new VP of marketing. Gillespie spent the past eight years at Palm Canada Inc. XM Canada also said Donald McKenzie is leaving as its senior VP of sales and marketing. Canadian Satellite Radio Holdings Inc.’s head office is in Toronto.
– with files from The Canadian Press
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