Business
Franco-Nevada to Appoint New Chief Financial Officer Effective April 2010
Franco-Nevada to Appoint New Chief Financial Officer Effective April 2010
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, Mar. 12, 2010 (Canada NewsWire Group) -- /CNW/ -- Franco-Nevada Corporation (TSX:FNV) announced today the appointment of Sandip Rana to the position of Chief Financial Officer effective in April 2010.Mr. Rana will succeed Alex Morrison, who will be resigning from the position of CFO effective March 31, 2010 for personal reasons. Afterwards, Mr. Morrison will remain available to Franco-Nevada under a consulting arrangement to assist with the transition and to bring certain projects to completion.\"We want to thank Alex for his significant contributions to Franco-Nevada,\" said David Harquail, President and Chief Executive Officer of Franco-Nevada. \"During his time at Franco-Nevada, Alex has managed the role of CFO from the initial acquisition of assets and completion of our initial public offering holding primary management responsibility for the financial reporting, accounting and treasury, tax planning and compliance and information technology functions. We wish him the very best and appreciate his assistance in ensuring a smooth transition.\"Mr. Rana is currently Vice President Corporate Finance at Four Seasons Hotels Limited. Prior to joining Four Seasons in 2003, Mr. Rana was Internal Controller and Treasurer of Franco-Nevada Mining Corporation Limited. Prior to that, Mr Rana had experience at IMAX Corporation and Coopers & Lybrand. Mr. Rana is a Chartered Accountant and has a Bachelor of Business Administration from the Schulich School of Business at York University.\"We are pleased to welcome back Sandip as our new CFO. He brings a history and familiarity of our business and assets and we know he will fit in well,\" said Mr. Harquail.Corporate SummaryFranco-Nevada Corporation (TSX: FNV) is a gold-focused royalty company with additional interests in platinum group metals, oil & gas and other assets. Its portfolio of high-margin cash flow producing assets is located principally in North America. The Company also holds a pipeline of potential future cash flowing assets that are being developed, permitted or explored.CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATIONCertain information contained in this Press Release, including any information as to future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute \"forward-lo...