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MCAN Mortgage Corporation Announces the Intended Departure of its CFO and Appointment of a new CFO
MCAN Mortgage Corporation Announces the Intended Departure of its CFO and Appointment of a...
About this update from Mcan Mortgage Corporation
[{"type":"text","content":"\n\n\n\nMCAN Mortgage Corporation Announces the Intended Departure of its CFO and Appointment of a new CFO\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, Oct. 19, 2018\n\n\n\nTSX: MKP\n TORONTO, Oct. 19, 2018 /CNW/ - MCAN Mortgage Corporation (\"MCAN\" or the \"Company\") announces that Mr. Jeff Bouganim, MCAN's Chief Financial Officer, will be resigning from the Company effective November 26, 2018.\n\"On behalf of the entire Company and the Board, I would like to thank Jeff for his contribution and dedication to the Company, and wish him well as he pursues a new opportunity\", stated Karen Weaver, MCAN's Interim CEO. \"We appreciate his efforts in building a first class finance team and his willingness to stay on board as we transition to his successor.  I am pleased to welcome Ms. Dipti Patel as Vice President and Chief Financial Officer of MCAN.  Ms. Patel joined MCAN in May 2009 and has been a key member of the management team of MCAN serving in roles in the investments division, Vice President and Chief Internal Auditor and most recently, as Vice President Operational Effectiveness.\" Ms. Patel is a CPA, CA and graduated from McMaster University.\nMr. Bouganim commented, \"Although my 8 years at MCAN, including my time at Xceed Mortgage Corporation prior to its acquisition by MCAN in 2013, were rewarding, it is time for me to pursue other opportunities that have become available to me. I remain committed to the performance of the Company and look forward to working with management and the Board, my successor, Ms. Patel and the entire MCAN finance team to ensure a smooth transition of the CFO role.\"\nMCAN is a public company listed on the Toronto Stock Exchange (\"TSX\") 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 Income Tax Act (Canada) (the \"Tax Act\").\nThe Company's primary objective is to generate a reliable stream of income by investing its corporate funds in a portfolio of mortgages (including sing...