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CERF Inc
Symbol CFL
Shares Issued 34,979,887
Close 2014-10-20 C$ 3.22
Market Cap C$ 112,635,236
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CERF appoints Wong CFO, VP of finance

2014-10-20 20:59 ET - News Release

Mr. Wayne Wadley reports

CERF INCORPORATED APPOINTS DERREK R. WONG AS VP FINANCE AND CHIEF FINANCIAL OFFICER, EFFECTIVE OCTOBER 20, 2014

CERF Inc.'s board of directors has appointed Derrek Wong, MBA, CFA, FCMA, as vice-president, finance, and chief financial officer. Mr. Wong succeeds Ken Stephens, who is retiring after having been VP, finance, and CFO since the company's inception in 2005. Mr. Stephens will continue in a consulting role with CERF and will continue to serve on the board of directors of CERF.

Mr. Wong has held various senior management positions, including account manager, multinational banking, with Royal Bank of Canada; vice-president of corporate finance for Bank of America; managing director of Associated Freezers Income Trust; CFO and vice-president of finance of Levitt Safety Ltd.; vice-president of finance, western division, and vice-president, mergers and acquisitions, for Intact Insurance Canada; and senior vice-president, CFO and secretary of One Earth Farms Corp.

Mr. Wong is a fellow of Society of Management Accountants, is a certified management accountant, is a chartered financial analyst and holds a master of business administration from the Richard Ivey School of Business at the University of Western Ontario. Mr. Wong is currently the chair of the board of directors of the Society of Management Accountants of Alberta.

Wayne Wadley, president and chief executive officer, commented: "Derrek brings a wealth of experience in financial accounting, financial analysis, growth and acquisitions strategy to CERF. I am delighted to have Derrek join the CERF team. As CERF continues to grow organically and through strategic acquisitions, I am confident that Derrek will be instrumental in assisting CERF achieve its future goals.

"I would also like to thank Mr. Stephens for his tireless efforts on behalf of CERF of over the past nine years. Mr. Stephens was one of the founding directors and CFO of CERF's predecessor, Canadian Equipment Rental Fund Limited Partnership. He was responsible for the financial direction of CERF as it became a significant player in the industrial and energy services markets in Western Canada. I am happy that Mr. Stephens will continue on in a consulting role and will remain on the board of directors."

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