Business
MCAN MORTGAGE CORPORATION ANNOUNCES APPOINTMENT OF PRESIDENT AND CEO
MCAN MORTGAGE CORPORATION ANNOUNCES APPOINTMENT OF PRESIDENT AND CEO Canada NewsWire ...
About this update from Mcan Mortgage Corporation
[{"type":"text","content":"\n\n\n\n MCAN MORTGAGE CORPORATION ANNOUNCES APPOINTMENT OF PRESIDENT AND CEO\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 Stock market symbol\n \n TSX: MKP\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 17, 2025\n \n\n /CNW/ - MCAN Mortgage Corporation (d/b/a MCAN Financial) (\"\n \n MCAN\n \n \" or the \"\n \n Company\n \n \") announced today that\n \n Derek Sutherland\n \n has been appointed as President and Chief Executive Officer (\"CEO\") of the Company, effective as of\n \n April 1, 2025\n \n .\n \n\n Mr. Sutherland has acted as Interim CEO of the Company for the past four months and has been Chair of the Board of Directors (the \"Board\") since 2020. Upon his appointment, Mr. Sutherland will step down as Chair of the Board, and Ms.\n \n Gaelen Morphet\n \n , Lead Director of the Board, will assume the role of Chair to ensure continued independent governance at the Board level.\n \n\n \"I am delighted to see Derek move into the role of President and CEO,\" said Ms. Morphet. \"For over two decades, Derek has played increasingly important strategic roles within our organization and, at every stage, has made meaningful contributions to value creation. His exemplary leadership as Interim CEO, his knowledge of the business, his command of our growth strategy, and the respect he has earned from our customers, our partners and his colleagues all confirm he is the right choice to lead MCAN.\"\n \n\n Mr. Sutherland commented, \"I am honoured by the trust that the Board has placed in me. I am committed to leading MCAN with resilience, vision, and enthusiasm to drive sustainable growth and returns to our shareholders. I am excited to work with our talented and dedicated team to build on our success and strive for excellence in all that we do.\"\n \n\n Mr. Sutherland is a proven leader with a strong track record of success within MCAN. As Interim CEO, Mr. Sutherland has managed the Company's operations in close collaboration with MCAN's senior leadership team. Mr. Sutherland has been a member of the Company's Board since 2017 and has ser...