Le Lézard
Classified in: Mining industry
Subject: PER

Toromont Announces Planned Retirement of Paul Jewer, Chief Financial Officer


TSX Stock Symbol: TIH 

TORONTO, May 19, 2019 /CNW/ - Toromont Industries Ltd. announces that Paul R. Jewer (Executive Vice President and Chief Financial Officer of Toromont) has advised Toromont that he intends to retire within two years.  In addition to providing a lengthy notice period, Paul has agreed to assist in the transition to a new Chief Financial Officer.

A formal process will be conducted to recruit a CFO.

Paul's distinguished 14 year career at Toromont includes critical stewardship and leadership as the company was transformed by some of the largest strategic events in Toromont's history.  Paul played a key role in the 2011 bifurcation of Enerflex Systems Ltd. and the 2017 acquisition of the Caterpillar territories in Quebec and the Maritimes. Paul's contributions to our organization have been frequently recognized by the financial industry that has consistently ranked him as one of Canada's top CFOs.

Management and the Board of Directors of Toromont thank Paul for his dedicated service and contributions over the past 14 years and look forward to his assistance in effecting a smooth transition.

About Toromont

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO.  The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario and Manitoba in addition to most of the territory of Nunavut.  In addition, the Group includes industry leading rental operations, a complementary material handling business and an agricultural equipment business.  CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com.

SOURCE Toromont Industries Ltd.


These press releases may also interest you

18 avr 2024
Alaska Energy Metals Files Amended NI 43-101 Technical Report for the Eureka Deposit, Nikolai Nickel Project, Alaska, USA
Alaska Energy Metals Corporation ("AEMC" or the "Company") today announced that it has filed an amended Technical Report titled "Nikolai Mineral Resource Estimate Technical Report Amended and Updated" (the "Amended Report"), with an effective date...

18 avr 2024
Bonterra Announces $4M Brokered Private Placement
Bonterra Resources Inc. ("Bonterra" or the "Company") is pleased to announce that it has entered into an agreement with Eight Capital as lead agent (the "Agent") in connection with a "best efforts" private placement of up...

18 avr 2024
Western Alaska Minerals Announces $5 Million Brokered and $1.5 Million Non-Brokered Offering
Western Alaska Minerals (the "Company" or "WAM") is pleased to announce that it has entered in to an agreement with Roth Canada Inc. as co-lead agent and sole bookrunner, Canaccord Genuity Corp., as co-lead agent with Roth and...

18 avr 2024
NOVAGOLD Releases 2023 Sustainability Report
Providing a comprehensive overview of NOVAGOLD's Environmental, Social and Governance (ESG) performance, emphasizing remarkable health and safety records, steadfast dedication to environmental protection, continuous community investment, extensive...

18 avr 2024
Vior Announces Closing of Additional $2.5 Million Private Placement
VIOR INC. ("Vior" or the "Corporation") ; and is pleased to announce that it has closed a non-brokered private placement (the "Offering") for gross proceeds of $2,520,000, by issuing 20,160,000 units of the Corporation...

18 avr 2024
Reyna Silver Announces $1,000,000 CAD Listed Issuer Financing Exemption (LIFE) Private Placement of Units
Reyna Silver Corp. ("Reyna" or the "Company") is pleased to announce a non-brokered listed issuer financing exemption (LIFE) private placement of up to 6,250,000 units of the Company ("Units") at a price of $0.16 per...

More news about Mining industry...


News published on and distributed by: