Wanted: New CEO for Finning International

Finning International Inc. (TSX:FTT) announced January 8 that CEO Mike Waites plans to retire this year and will stay on until the company finds a ...

Finning International Inc. (TSX:FTT) announced January 8 that CEO Mike Waites plans to retire this year and will stay on until the company finds a replacement.

Waites will not seek re-election at the company's 2013 annual meeting of shareholders, usually held in May.

Heavy equipment dealer Finning is B.C.'s third largest public company with $5.9 billion in 2011 revenue, 28.6% more than the year before.

Waites, who is 59 years old, took the company's reins in May 2008 after having served as CFO since May 2006.

Finning chair Doug Whitehead said the board has retained an executive search firm to find a replacement and is considering qualified internal and external candidates.

Finning announced Waites' intentions after the company's shares closed down 17 cents at $25.52 on the Toronto Stock Exchange on January 8.

gkorstrom@biv.com

@GlenKorstrom

comments powered by Disqus

Also Read

More From Mining & Energy

A job posting for a human resources assistant on the Site C dam has changed and references to the Temporary Foreign Worker program have...

Read Article

Tahoe Resources may be interested in Goldcorp’s Porcupine operation in...

Read Article

The multi-billion-dollar Pacific NorthWest LNG project proposed for Prince Rupert would have “significant adverse environmental effects” on...

Read Article

The first analysis of upstream greenhouse gases associated with industrial projects under federal environmental review is in, and it demonstrates...

Read Article

Tyler Orton on Imperial Metals' closure of its Huckleberry copper mine. Plus: Lucara announces the name of its 1,111-carat diamond

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×