CALGARY, Oct. 23, 2019 /CNW/ - Circa Enterprises Inc.
(CTO-TSXV) (the "Company" or "Circa"), a manufacturer of equipment
for the telecommunication, electrical utility, and construction
industries, reports changes to its leadership team and Board of
Directors.
Cory Tamagi, Circa's Chief
Financial Officer, will succeed Grant
Reeves as Chief Executive Officer of Circa, effective
January 1, 2020. Mr. Reeves was
appointed Chief Executive Officer in October
2013 and will retire from the Company on December 31, 2019. Mr. Reeves will continue to
serve as a Director of Circa.
Mr. Tamagi has been Circa's Vice President, Finance and Chief
Financial Officer since October 2008.
Prior to that, he held senior financial roles in real estate,
transportation and logistics. Cory is a CPA, CA and holds a
Bachelor of Commerce degree from the University of Calgary.
In addition, Angela Hulshof, has
been promoted to Chief Financial Officer of the Company effective
January 1, 2020. Angela is a CPA, CGA
and has been with the Company since January
2015 where she has served as Controller and will succeed Mr.
Tamagi.
Peter Bourgeois, Chairman of the
Board, stated, "On behalf of the Board of Directors and all Circa
employees, I would like to thank Grant for his significant
contributions over the past six years and through the remaining
transition period. He was instrumental in changing the culture at
Circa and building a very strong team. Grant played a major role in
the acquisition strategy that has positioned the Company for
long-term growth."
Grant Reeves remarked that "The
changes announced today reflect the culmination of a
well-thought-out succession plan that recognizes the experience and
qualifications of Mr. Tamagi and Ms. Hulshof to lead our Company
forward. They have been at the center of our acquisitions and
instrumental in driving efficiency and cost effectiveness. I am
confident they will bring innovative ideas and energy to the
execution of our strategic plan."
Cory Tamagi commented, "I am
humbled by the trust the Board of Directors have placed in me and
am excited for Circa's future. Circa has a talented and ambitious
team, a strong customer base, and is well positioned for future
growth. We anticipate continuing to expand and update our product
offering and growing organically as well as acquiring complementary
businesses and leveraging our strengths to provide solid long-term
performance." He added, "On behalf of Circa's employees, I would
like to thank Grant for his tremendous leadership, guidance and
mentorship over the years. I am also pleased to see Angie promoted
to Chief Financial Officer and we are confident she will continue
to succeed in her new role."
The Company also announces changes to Circa's Board of
Directors. Mr. Brice Sweatt,
after 16 years on the Board, retired as a Director. The Board has
benefitted greatly from his counsel and would like to thank Brice
for his contributions as Audit Chair and Director. The Board has
appointed Michael Lowry to replace
Mr. Sweatt effective October 23,
2019. Mr. Lowry is a CPA, CA and Vice President Finance at
Versent Entertainment ULC and will bring considerable experience in
finance and accounting. The Circa Board has also appointed Mr.
Tamagi as a Director of the Company with an effective date of
January 1, 2020.
Circa Enterprises Inc. is a public company with operations in
Alberta and Ontario. The outstanding common shares of
Circa Enterprises Inc. are listed and trade on the TSX Venture
Exchange under the trading symbol CTO. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Circa Enterprises Inc.