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MCAN Mortgage Corporation Announces Appointment of President and CEO
MCAN Mortgage Corporation Announces Appointment of President and CEO Canada NewsWi...
About this update from Mcan Mortgage Corporation
[{"type":"text","content":"\n\n\n\nMCAN Mortgage Corporation Announces Appointment of President and CEO\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\nCanada NewsWire\nTORONTO, May 8, 2019\n\n\n\nTORONTO, May 8, 2019 /CNW/ - The Board of Directors of MCAN Mortgage Corporation (\"MCAN\", the \"Company\" or \"we\") (TSX: \"MKP\") is pleased to announce the appointment of Karen Weaver as President and Chief Executive Officer. Ms. Weaver has been serving as Chief Executive Officer on an interim basis since October 2018.\n\n \n \n\n \nMs. Weaver has over 30 years of experience as an executive and Chief Financial Officer of Canadian publicly listed companies, including DH Corporation, First Capital Realty Inc., Brookfield Properties Corporation, Canadian Operations and Gentra Inc. She is a member of the Board of Directors at MCAN (since November 2011) and at MCAP Commercial LP (since November 2018). She currently serves on the Boards of a private real estate company and NorthWest Healthcare Properties REIT.\n\"Karen brings a proven track record of performance and real estate and lending experience to MCAN,\" said Ian Sutherland, Chair of MCAN's Board of Directors.  \"The Board has full confidence in Karen's leadership and strategy to move the Company forward.\"\n\"I am pleased to be appointed as the President and CEO of the Company and appreciate the confidence and trust of the Board, executive team and all MCAN team members and shareholders,\" said Ms. Weaver.  \"I look forward to the opportunities we have to further build MCAN's brand and business model.\"\nFurther Information  \nMCAN is a public company listed on the Toronto Stock Exchange under the symbol MKP and is a reporting issuer in all provinces and territories in Canada. MCAN also qualifies as a mortgage investment corporation (\"MIC\") under the Tax Act.\nThe Company's primary objective is to generate a reliable stream of income by investing its corporate funds in a diversified portfolio of Canadian mortgages, including single family residential, residential construction, non-residential constructio...