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Aecon announces upcoming departure of its Chief Financial Officer in early 2024
Aecon announces upcoming departure of its Chief Financial Officer in early 2024 Canada ...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n \n \n \n Aecon announces upcoming departure of its Chief Financial Officer in early 2024\n \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 Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 14, 2023\n \n \n /CNW/ - Aecon Group Inc. (TSX: ARE) (\"Aecon\" or the \"Company\") announced today the departure of Executive Vice President and Chief Financial Officer\n \n David Smales\n \n who has decided to pursue another leadership opportunity. Mr. Smales will resign from his role effective\n \n January 26, 2024\n \n and is committed to working with Aecon's management team to ensure a smooth transition. Aecon is considering all alternatives for his replacement.\n \n \n Mr. Smales joined Aecon as Executive Vice President and Chief Financial Officer in\n \n November 2009\n \n and has been a guiding force on Aecon's leadership team.  David built a strong multi-disciplinary team with oversight spanning all corporate and operational finance activities including Investor Relations, Capital Market activities, Information Services, Procurement, Insurance, Sustainability, and Communications.\n \n \n \"David's significant contributions to Aecon during his 14-year tenure have been critical to the Company's success,\" said\n \n Jean-Louis Servranckx\n \n , President and Chief Executive Officer, Aecon Group Inc.  \"David was instrumental as Aecon navigated through a transformative year in 2023 with three strategic transactions that increased focus on long term growth sectors, established partnerships with value creating partners for Aecon Utilities and the\n \n Bermuda\n \n International Airport, and significantly strengthened Aecon's balance sheet.  These transactions were completed in conjunction with the substantial progress made on four legacy projects nearing completion including significant cash flow enhancing settlements on each project that will continue to have a positive impact in the years to come.\"\n \n \n \"On behalf of Aecon's Board of Directors, we are extraordinarily grateful for David's deep commitment and lea...