TeraGo Initiates Search for New Chief Financial Officer
Outgoing CFO David Charron to Serve as Special Advisor to Board and Executive Team Through Transition to a New CFO
TORONTO, Sept. 16, 2021 /CNW/ - TeraGo Inc. ("TeraGo" or the "Company") (TSX: TGO) (www.terago.ca), announced today that David Charron will be stepping down from his position as Chief Financial Officer ("CFO"), effective October 29, 2021, to pursue other professional opportunities. Charron will serve as a special advisor to the Board and Company following his departure, advise TeraGo on financial matters and facilitate a seamless transition to the new CFO.
"Over the past four years Dave has capably helped transform TeraGo into Canada's leading nationwide provider of enterprise wireless network, cloud and colocation powered solutions," said Matthew Gerber, Chief Executive Officer of TeraGo. "During Dave's tenure, he spearheaded the improvement of our balance sheet through a successful equity raise and focused debt reduction efforts, as well as built a strong financial planning and accounting team. As we begin the process of identifying Dave's successor, we are in capable hands with our current corporate finance team in place. On behalf of the board and our entire organization, I would like to thank Dave for his contributions and wish him the utmost success in his next endeavor."
TeraGo expects to initiate a search process for a new CFO to execute the Company's long-term growth plans. An interim CFO will be appointed and will remain in place until a new CFO has been selected.
SOURCE TeraGo Inc.
Company Codes: Toronto:TGO
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