TORONTO, May 6 /CNW/ - Accord Financial Corp. (TSX - ACD), a leading North American provider of factoring and other asset-based financial services to businesses, announced at today's Annual General Meeting (AGM) that Thomas L. Henderson was appointed President and Chief Executive Officer of the Company effective immediately. This appointment is part of a planned succession within the Company.
Mr. Henderson joined Accord in 1998 and has been President of its U.S. subsidiary since 2001. Prior to that he spent most of his business career with Heller Financial, a leading international factoring and finance company. Ken Hitzig, one of the Company's founders in 1978, and who served as its only President since that time, has been appointed Chairman of the Company's Board of Directors.
In a brief address to shareholders at today's Annual General Meeting, Mr. Henderson acknowledged the challenges and opportunities facing Accord in the current economic environment and resolved to use his best efforts to keep the Company in the forefront of the factoring and finance industry.
Commenting on the appointment of Mr. Henderson as President, Ken Hitzig stated "I have known Tom for 25 years; I couldn't imagine a better qualified person for the position. I am certain he will be successful in leading the Company forward and creating opportunities for it, while meeting the challenges that exist in the current economic environment."
At today's AGM the Board of Directors was re-elected and KPMG LLP reappointed as the Company's auditors.
%SEDAR: 00001979E