Business
Westaim announces retirement of Chief Financial Officer and appointment of interim Chief Financial Officer
TORONTO , June 11, 2014 /CNW/ - The Westaim Corporation ( Westaim or the Company ) (TS...
About this update from Westaim Corporation
[{"type":"text","content":"\n\n\nTORONTO, June 11, 2014 /CNW/ - The Westaim Corporation (Westaim or the Company) (TSXV: \"WED\") announced today that Jeffrey Sarfin, the current Chief\n Financial Officer of the Company, intends to retire effective June 20,\n 2014 and that Robert T. Kittel has been appointed as Chief Financial\n Officer of the Company on an interim basis effective June 20, 2014\n pending the appointment of a permanent replacement.  Mr. Sarfin has\n agreed to provide transition assistance to the Company on an \"as\n needed\" basis.\n\n\nMr. Kittel has been the Chief Operating Officer of the Company since\n January 2013 and will continue to act in such capacity following his\n appointment as interim Chief Financial Officer. Mr. Kittel has\n accumulated almost 20 years of experience in financial and investment\n related roles. He was previously a Portfolio Manager at Goodwood Inc.\n and, since 2009, has played a central role in the development and\n growth of Westaim. Mr. Kittel has also served on several boards in\n Canada and the United States and currently serves on the Board of\n Webtech Wireless Inc. and Constellation Software, Inc. Mr. Kittel holds\n a BBA Honours (Gold Medalist) from Wilfrid Laurier University, is a\n Chartered Professional Accountant and a CFA Charterholder.\n\n\nJ. Cameron MacDonald, the President and Chief Executive Officer of the\n Company stated: \"On behalf of the board of directors and management of\n Westaim, I would like to thank Jeff for his many contributions to the Company over the past several years.\n Jeff has played a key role leading our financial group during the\n ownership of Jevco and thereafter.  We wish him all the best in his\n retirement, and appreciate his future assistance to ensure a smooth\n transition.\"\n\n\nAbout Westaim\n\n\nWestaim is a publicly traded Canadian-based investment company that\n invests directly and indirectly through acquisitions, joint ventures\n and other arrangements, with the objective of providing its\n shareholders with capital appreciation and real wealth preservation.\n Westaim's strategy is to pursue investment opportunities with a focus\n towards the financial services industry and grow shareholder value (as\n measured by book value per share) at above average rates over the\n long-term.\n\n\nNeither the TSXV nor its Regulation Services Provider (...