Business
Cielo Announces Chief Financial Officer Transition and Provides Aldersyde Facility Operational Update
Corporate Controller, Anna Cheong, to serve as interim CFO Aldersyde Facility Phase-I m...
About this update from Cielo Waste Solutions Corp.
[{"type":"text","content":"Cielo Announces Chief Financial Officer Transition and Provides Aldersyde Facility Operational UpdateCorporate Controller, Anna Cheong, to serve as interim CFO Aldersyde Facility Phase-I modifications indicate significant process improvementsVANCOUVER, BC / ACCESSWIRE / April 18, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC)(OTCQB:CWSFF) (\"Cielo\" or the \"Company\"), a waste-to-fuel environmental technology company, today announced that Chief Financial Officer (\"CFO\"), Ms. Stephanie Li, has advised the Company of her decision to resign from Cielo to pursue other interests. Further, the Company is pleased to share an operational update on progress at its Aldersyde Facility in Alberta, Canada.CFO TransitionCielo has launched a formal search process to identify a permanent CFO appointment. Until then, the Company's Board of Directors has unanimously approved the appointment of Ms. Anna Cheong, Corporate Controller at Cielo, as interim CFO, effective immediately. Ms. Li will remain at the Company to provide transition support.Ms. Cheong's leadership and capability has been instrumental in providing dramatic enhancements to Cielo's financial management systems, and in securing financial milestones as the Company improved its base operations and governance systems. A Chartered Professional Accountant with over 15 years of financial experience and leadership in the energy industry, Ms. Cheong has been with Cielo since August 2021 and holds extensive knowledge of all financial aspects of the business. Prior to joining Cielo, Ms. Cheong held a number of senior financial and accounting positions at junior and intermediate energy companies.Mr. Chris Sabat, Chief Legal Officer and Corporate Secretary, stated: \"On behalf of the Board of Directors and Cielo's management team, we thank Ms. Li for her contributions to the Company. We are very confident of Ms. Cheong's ability and leadership in the position of interim CFO.\"Ms. Anna Cheong commented: \"I look forward to expanding my contributions as a crucial member of Cielo's management team as we deliver on our strategic growth and commercialization plans.\"Aldersyde Facility Operational UpdateCielo continues on its previously stated plan for the development projects at the Aldersyde Facility and the Fort Saskatchewan Research & Development (\"R&D\") Facility. The R&D Facility...