CANADA: Leading Brands switches CFO
Leading Brands has announced a change of CFO. The Canada-based soft drinks company confirmed yesterday (7 August) that Don Haliburton will assume the position, replacing Donna Louis, who moves to the role of corporate treasurer.
Haliburton joins Leading Brands from "a company that distributes and remanufactures power tool accessories for sale throughout North America", where he was general manager, the company said.
"With Don and Donna we have a very capable and knowledgeable finance team to help lead and manage our growth," said Leading Brands chairman and CEO Ralph McRae. "Their talents and experiences are quite complementary. This combination works extremely well with Donna wanting to devote some additional time to her new family as well as focus on key projects that we have under way. I want to thank her for her efforts as CFO and continued dedication to Leading Brands after more than eight years with the company. It also allows us to maintain continuity which is so important in this position."
Last month, Leading Brands posted a dip in quarter one gross revenue, which dipped to US$10.56m from $13.23m in the corresponding period a year earlier. Net loss for the quarter was $185,000 compared to net income of $265,000 year-on-year.
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