RoW People

Last week, Nortel Networks Corp.'s CFO Terry Hungle abruptly resigned from his position as CFO of the company amid concerns over controversial stock trades he made during the last year. With the Enron situation getting international play in the media, Nortel reacted quickly to avert any potential serious consequences with security exchange officials, both here in Canada and the United States. He resigned on Monday, Feb. 11, a day before an analysts meeting, after questions arose from personal investments he made ahead of corporate announcements.IceFyre Semiconductor, Ottawa, has appointed Richard Monkman as its CFO. According to company president and CEO Dan Mathers, IceFyre was seeking a CFO who could facilitate the growth of the company. Prior to joining the company, Monkman was VP finance of global sales, marketing and customer service at Nokia Internet Communications. In this role, he built and led a global finance team supporting the sales, marketing and customer service units for international markets. Prior to working for Nokia, he was the CFO at Vienna Systems Corp., where he helped transform the company from start-up phase to a mature company. Previously, he held senior-level finance positions at SHL Systemhouse, Dun and Bradstreet Software Services Canada and ISM Corp.Stephen Wetmore has been appointed vice-chair corporate at Bell Canada, effective March 1. He is currently president and CEO of Aliant Inc. Wetmore will report to Michael Sabia, COO of Bell and president and COO of BCE Inc. Prior to joining Aliant, he was president at Air Atlantic and was managing director of Scotia Holdings plc in London, England. In his new capacity, he will be responsible for corporate centre functions at Bell, which include: marketing, finance, technology, capital management, human resources, law, regulatory affairs, and communications and advertising. Wetmore will remain on Aliant's board of directors.CMC Electronics senior engineer, Michael Gordon-Smith, has won the Volare Award, which honours individuals who make significant contributions to avionics engineering and the airline industry. This year's award honours Gordon-Smith's unique concept and architecture for a GPS flight management system, which is at the heart of the Boeing 747 classic cockpit upgrade program.Jay Forbes, executive VP and CFO of Aliant Inc., has been named acting CEO of the firm while it searches for a replacement to outgoing chief executive Stephen Wetmore. Prior to joining Aliant, Forbes held senior executive positions with Oxford Properties Group and Nova Scotia Power Holdings Inc.IT consulting firm Steeves and Associates has promoted Allen Huey to COO, effective immediately. He joined Steeves last June and previously served as VP business solutions. In his new role, Huey will manage day-to-day operations. Prior to joining the consulting firm, Huey held key management positions at PricewaterhouseCoopers' OmniLogic business unit where he helped grow its revenue from $5 million to more than $80 million in a six-year period.The Canadian Centre for Marine Communications (CCMC) has appointed Clayton Burry as manager, network development. He will be responsible for developing the CCMC network, and marketing the association nationally and internationally. Burry will also work closely to help develop international partnerships and business opportunities for CCMC network members. He has held senior marketing posts with engineering and metal fabricating companies in Newfoundland and has worked as an independent consultant since 1989. Since 1997, he has worked extensively in the U.K. and will continue to act as business network broker for the NewSouth Alliance.Guy-Olivier Segond has been appointed Special Ambassador for the World Summit on the Information Society (WSIS). Segond is the former president of the State Council of the Republic and Canton of Geneva. Segond is a Swiss political figure and has served several terms as an elected official with the federal parliament, as Mayor of Geneva, and president of the State Council. He has participated in numerous conferences and meetings, which have focused on helping to bridge the digital divide, among other issues.Former Wi-LAN Inc. executive Jay Hyrich has been hired by OMT Technologies Inc. as its VP sales and marketing. He also has experience with Proctor & Gamble and Systemhouse/EDS. OMT provides technology and systems to the media and broadcast industries.Infowave Software has appointed George Reznik as CFO, who will help drive the company's ambitious growth and merger and acquisition strategy. He will replace Todd Carter who has decided to leave the Vancouver-based company to pursue personal interests. He will officially leave on March 31. Reznik will join the firm on March 1 and will work with Carter during the transition, which is expected to be completed at the end of March. Most recently, Reznik was VP finance at Pivotal Corp. during a period where the company grew revenue from US$14 million to US$100 million. He participated in Pivotal's initial and second public offerings on both the Toronto and Nasdaq stock exchanges. Prior to joining Pivotal, he served as senior corporate finance manager at Deloitte & Touche Canada.Look Communications has appointed Paul Lamontagne as CEO, replacing interim CEO Michael Cytrynbaum. Lamontagne will also take a seat on the board of directors and will also keep current responsibilities of president and COO. Cytrynbaum will remain actively involved with the company as its chair of the board of directors.Trevor Diamond has been named the COO and CTO at Sat-Tel Corp., Red Deer AB. As both COO and CTO, Diamond will be responsible for several duties including managing day-to-day business operations, overseeing the technical operations and development, and contributing to the company's long-term planning and strategy. Diamond has served as a communications officer for the Canadian Armed Forces, has run his own consulting firm, among others. The Alberta-based firm has also announced that Marty Skinner has resigned from the board of directors. He has relocated to another country to form his own business venture and thus will no longer be available.Paul Zink has been pegged to lead the Canadian operations of Enterasys Networks Inc. As VP Canadian region, Zink will lead all operations in Canada, including sales and marketing, channel development, and guiding growth in Canada. Prior to joining the company, he spent nine years at Cisco Systems and served most recently as senior regional manager responsible for sales, marketing and business development. He has more than 21 years experience in the Canadian technology sector having held positions at General Datacomm and NCR Corp.

RoW People

News | 02/19/2002 5:00 am EST

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