Business
Montfort Capital Announces Move of Headquarters to Ontario to Maximize Key Market Opportunities and Business Unit Synergies
Montfort Capital Announces Move of Headquarters to Ontario to Maximize Key Market Opportunities a...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n Montfort Capital Announces Move of Headquarters to Ontario to Maximize Key Market Opportunities and Business Unit Synergies\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n ~Michael Walkinshaw to step down as CEO and President while remaining on the Board of Directors~\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 28, 2023\n \n \n /CNW/ -\n \n Montfort Capital Corporation (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF\n \n )\n \n , a leading alternative lender utilizing focused strategies, experienced management teams and advanced technology, today announced plans to move its head office to\n \n Ontario\n \n to align with its growing business units, operations and senior management. As part of this strategic decision,\n \n Michael Walkinshaw\n \n , will be stepping down from his role as President and CEO while retaining his role as a member of the Board of Directors.\n \n Andrew Abouchar\n \n , the Company's CFO, has been appointed Interim CEO while the Board meets to approve and engage with an executive search firm to find a permanent CEO for\n \n Montfort\n \n in the coming months.\n \n \n \n \n \n \n \n \n \n \"I take significant pride in growing the Company from a start-up to\n \n $475M\n \n in assets over these past seven years, while maintaining excellent private credit performance,\" said\n \n Michael Walkinshaw\n \n . \"I'd like to thank all of our employees and investors for their support over the years and look forward to supporting\n \n Montfort's\n \n next steps as it continues building its platform of success.\"\n \n \n \"With the addition of Brightpath Capital and Langhaus Financial Partners in Q3 and Q4 last year, and the acquisition of Pivot Financial in 2021, the majority of our customers and team members are now in\n \n Ontario\n \n ,\" said\n \n Howard Atkinson\n \n ,\n \n Montfort's\n \n Chairman. \"As a result, it makes sense for us to take advantage of the synergies among the teams by consolidating and centralizing operations in\...