VICTORIA, British Columbia -- (Business Wire)
John Simmons, CEO of Carmanah today announces that Evan Brown will join
the Company as Chief Financial Officer and Corporate Secretary.
Over the past 15 years Evan Brown has held senior financial positions
both in Canada and internationally. Evan, originally from Victoria, BC,
obtained his Chartered Accountant designation in British Columbia and
early in his career was part of Deloitte’s audit team in Bermuda. In
2005 he joined Goldman Sachs in Grand Cayman where he remained until
2011 when he took a position with York Capital in New York. In 2012 Evan
returned to Canada and most recently was Vice President with State
Street, where he managed a group of financial professionals providing
hedge fund accounting and administrative services.
“I am delighted that Evan will join Carmanah”, said John Simmons,
CEO. “We have plans to significantly grow Carmanah organically and by
way of strategic acquisition.Evan’s broad experience and obvious
capability as a senior financial professional will most certainly
contribute to our ability to engage these growth plans in a prudent
manner.”
Evan Brown and his family will relocate to Victoria imminently. His
appointment is effective April 1, 2015.
Carmanah’s current Chief Financial Officer, Stuart Williams, will remain
with the Company as Corporate Controller.
“Stuart Williams stepped into the CFO role at my request during a
very difficult period in Carmanah’s history,” said John Simmons.
“Through this period Stu has worked tirelessly and has been a
significant contributor to the turnaround that is happening at Carmanah.
I am delighted that he will remain with the Company and be part of our
future growth plans.”
About Carmanah Technologies Corporation
Since its founding in 1996, Carmanah has become one of the most trusted
names in solar technology, delivering reliable and cost-effective solar
powered products and systems for industrial applications worldwide. To
date, Carmanah's solutions for marine navigation, airfield ground
lighting, aviation obstruction, roadway illumination, parking lot
lighting, as well as on and off-grid power generation, have been
successfully deployed in over 400,000 installations in 110 countries
with proven performance in conditions ranging from desert heat to arctic
cold.
In 2013, through shareholder led initiatives, the company was
restructured under the leadership of CEO John Simmons, while the
Company’s largest shareholder, Michael W. Sonnenfeldt, became
non-executive Chairman. Carmanah’s current board members demonstrate
their belief in Carmanah's future by having been the largest investors
in each financing since the restructuring and now, as a group, own the
majority of Carmanah's issued and outstanding shares.
Contacts
Carmanah Technologies Corporation:
Stuart Williams, (250) 380-0052
Chief
Financial Officer/Corporate Secretary
stuart.williams@carmanah.com
This release may contain forward-looking statements. Often, but not
always, forward-looking statements can be identified by the use of words
such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,”
“might,” “will” or variations of such words and phrases. Forward-looking
statements involve known and unknown risks, uncertainties, and other
factors which may cause the actual results, performance, or achievements
of Carmanah to be materially different from any future results,
performance, or achievements expressed or implied by the forward-looking
statements. These statements are based on management’s current
expectations and beliefs and are subject to a number of risks and
uncertainties. Examples of forward-looking information in this news
release include, but are not limited to, statements with respect to the
Company’s backlog and the ability to deliver these orders, and estimates
of revenue for the period.For additional information on these
risks and uncertainties, see Carmanah’s most recently filed Annual
Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com
and on the Company’s website at www.carmanah.com.
The risk factors identified in Carmanah’s AIF and MD&A are not intended
to represent a complete list of factors that could affect Carmanah.
Accordingly, readers should not place undue reliance on forward-looking
statements. Carmanah does not assume any obligation to update the
forward-looking information contained in this press release.
Contacts:
Carmanah Technologies Corporation:
Stuart Williams, 250-380-0052
Chief
Financial Officer/Corporate Secretary
stuart.williams@carmanah.com
Source: Carmanah Technologies Corporation
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