Finning International Inc.(TSX:FTT) today announced that Dave Smith, executive vice president and chief financial officer, is leaving the company to
Finning International Inc.(TSX:FTT) today announced that Dave Smith, executive vice president and chief financial officer, is leaving the company to pursue other opportunities, effective June 30, 2014.
Mr. Smith joined the company in 2009 and has been a valued member of the executive leadership team since that time.
"Dave has made significant contributions to Finning since joining the organization as CFO. In particular, he has played a leadership role in building the finance team's capabilities. I want to thank him for his contributions and wish him all the best in his future endeavours," said Scott Thomson, president and chief executive officer of Finning International.
Finning has retained an external search firm to identify a new CFO. In the interim, Anna Marks, senior vice president, corporate controller, will assume responsibility for the company's tax and internal audit functions in addition to overseeing financial reporting. Greg Palaschuk, who recently joined Finning as vice president, treasurer, retains responsibility for treasury, investor relations and business performance, planning and analysis. Both Anna and Greg will report directly to Scott Thomson, president and chief executive officer.
"Anna is an experienced financial executive and an exemplary leader with a deep understanding of our business. She is well qualified to step in during the executive search process and I have every confidence she will enable us to achieve a seamless transition to a new CFO. We are fortunate to have strong leaders with the expertise and acumen required to maintain focus on achieving our objectives during this transition," added Mr. Thomson.
