Business
In-Touch Survey Systems Ltd. announces changes to its Board and Senior Officers
OTTAWA , Aug. 15, 2013 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch") (TSXV: INX) tod...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\nOTTAWA, Aug. 15, 2013 /CNW/ - In-Touch Survey Systems Ltd. (\"In-Touch\")\n (TSXV: INX) today announced that Neil Milton, the current Chair of the\n Board of Directors, has resigned from the Board effective immediately.\n\n\nMichael Gaffney was appointed Executive Chair of the Board and continues\n his role of Chief Executive Officer (\"CEO\"). Eric Beutel was\n newly-appointed as an independent Director to the Board contingent upon\n final approval from regulators. Rainer Paduch continues on the Board.\n The Company announced that it intends to add two additional Board\n members over the next twelve months.\n\n\nMr. Beutel is a Vice President of Oakwest Corporation Limited, a private\n investment holding company based in Toronto. He is currently on the\n Board of Directors of The Equitable Group, a TSX listed company whose\n wholly owned subsidiary, The Equitable Bank, is a Canadian Chartered\n Bank. Eric is also a member of the Board of Directors of\n NexGen Financial, a TSX Venture listed mutual fund corporation. Eric\n has a Masters of Business Administration degree from the University of\n Ottawa.\n\n\nMr. Gaffney also announced his plans to step down as CEO in November\n 2013 and continue in the Executive Chair role. Cameron Watt, currently\n a V.P. and General Manager, will become the new CEO of In-Touch at that\n time.\n\n\nMr. Watt has extensive management experience with Mars, Unilever and\n Pepsico. His management success across a broad range of\n consumer-oriented companies provides him with a unique insight to the\n technology challenges and opportunities critical to the growth of\n In-Touch products and services. Mr. Watt holds a Bachelor of Commerce\n from the University of Alberta and a Master of Business Administration\n from the Richard Ivey School of Business at the University Western\n Ontario. Mr. Watt and Mr. Milton have also committed to complete a\n share purchase and sale transaction where Mr. Watt will purchase\n approximately 1,000,000 shares of In-Touch from Mr. Milton as soon as\n possible  - making Mr. Watt one of the largest shareholders in the\n Company.\n\n\n\"Neil Milton was instrumental in the restructuring and refinancing of\n In-Touch in 2004 and he was a key advisor to the Company during the\n turnaround of the Company.  His positive impact on the Company was\n significa...