Cervus Equipment Corp. (TSXV:$CERV) has announced that its Chief Financial Officer Randy Muth will be retiring at the end of 2017. Muth has been with Cervus for almost 13 years. In his place, Cervus has appointed Adam Lowther, who is currently the Director of Finance for the Company. Lowther’s promotion will commence at the beginning of the new year.
Lowther was instrumental in attaining 20 dealership contracts for Cervus in 2014 and has since been a leading voice behind Cervus’ forecasting, internal controls, treasury, and financial reporting activities. Lowther is a designated Chartered Accountant, Chartered Professional Accountant, Chartered Business Valuator, and a CFA charterholder. He has received a Bachelor of Commerce from the University of Calgary.
Graham Drake, President and CEO of Cervus has said this of the promotion: “Randy and Adam have worked together for many years, and given Cervus’ commitment to succession planning and leadership development, I am confident that Adam possesses the experience and expertise to assume the role of CFO in a seamless transition. On behalf of the Board of Directors and Cervus employees, I would like to thank Randy for his dedication and contributions to Cervus, and wish him the best for a well-deserved retirement.”
Featured Image: cervusequipment.com
