Accord Financial Corp. - Thomas L. Henderson Appointed President

About this update from Accord Financial Corp.

[{"type":"text","content":"\n\n\n\nTORONTO, May 6 /CNW/ - Accord Financial Corp. (TSX - ACD), a leading\nNorth American provider of factoring and other asset-based financial services\nto businesses, announced at today's Annual General Meeting (AGM) that Thomas\nL. Henderson was appointed President and Chief Executive Officer of the\nCompany effective immediately. This appointment is part of a planned\nsuccession within the Company.\n\n\nMr. Henderson joined Accord in 1998 and has been President of its U.S.\nsubsidiary since 2001. Prior to that he spent most of his business career with\nHeller Financial, a leading international factoring and finance company. Ken\nHitzig, one of the Company's founders in 1978, and who served as its only\nPresident since that time, has been appointed Chairman of the Company's Board\nof Directors.\n\n\nIn a brief address to shareholders at today's Annual General Meeting, Mr.\nHenderson acknowledged the challenges and opportunities facing Accord in the\ncurrent economic environment and resolved to use his best efforts to keep the\nCompany in the forefront of the factoring and finance industry.\n\n\nCommenting on the appointment of Mr. Henderson as President, Ken Hitzig\nstated "I have known Tom for 25 years; I couldn't imagine a better qualified\nperson for the position. I am certain he will be successful in leading the\nCompany forward and creating opportunities for it, while meeting the\nchallenges that exist in the current economic environment."\n\n\nAt today's AGM the Board of Directors was re-elected and KPMG LLP\nreappointed as the Company's auditors.\n\n\n%SEDAR: 00001979E\n\n\n","length":1670,"tagName":"div"}]

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