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Accord Financial Corp. Unveils Leadership Transition
Accord Financial Corp. Unveils Leadership Transition Canada NewsWire TORONTO, Se...
About this update from Accord Financial Corp.
[{"type":"text","content":"\n\n\n\nAccord Financial Corp. Unveils Leadership Transition\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 19, 2018\n\n\n\nTORONTO, Sept. 19, 2018 /CNW/ - Accord Financial Corp. (\"Accord\") (TSX: ACD) announced today that it has appointed Simon Hitzig as President and Chief Executive Officer effective October 1, 2018. Mr. Hitzig takes on the role as Accord completes a five-year transformation, becoming one of North America's leading commercial finance companies. Former President and CEO Tom Henderson remains with the Company as Vice-Chairman and director.\nMr. Hitzig joined Accord in 2011 after a long career in the investment industry. Notably, he spent ten years with DundeeWealth Inc. where he led the product development and marketing teams, driving growth from 1999 to 2009, leading up to the company's sale to The Bank of Nova Scotia. In his seven years at Accord, Simon has been a catalyst for change and a key member of the executive team. Mr. Hitzig joined the Company as President of its non-recourse factoring division, and went on to structure and close three acquisitions, which diversified Accord's product offerings giving the firm a strong presence throughout the United States and Canada. Mr. Hitzig stated, \"Tom brought me in to advance our evolution and strategic plan, which has been a terrific mission for seven years. And he's worked hard to prepare me for this role and to ensure a smooth transition.\" \nMr. Henderson passes on a growth mandate he directed for a decade as CEO. During that period, he carried on the tradition of strategic adaptation that has made Accord successful since 1978. Over the last five years, in particular, he orchestrated dramatic change, taking the Company into complementary and profitable new market segments. Henderson also deepened the management team, bringing on veteran banker Terry Keating to lead the U.S. asset-based lending division, and Simon to keep the growth plan on track. \"Two of Accord's founding fathers, Ken Hitzig and Fred Moss, are still a key part of our leadership team, and we've ad...