February 2007 Edition: FEI Canada Xpress

This newsletter is sponsored by:

Dear Members:

Happy New Year! Here at FEI Canada, the new year always means lots of activity, so I would like to make note of some of the things keeping us busy.

Nominations for CFO of the Year^TM are now open. If you know of a deserving CFO, be sure to get your nomination in by March 2, 2007. Tickets for the April 18th gala are now on sale, so be sure to contact the FEI Canada office early to reserve your spot!

Planning for the FEI Canada Conference in Halifax is almost complete. Registrations are now being accepted and, as a reminder to new members, your first conference is free! If you joined last year and were unable to join us in Niagara Falls, you can still take advantage of this offer this year.

Finally, as you may have seen, there has been a significant change within FEI in the United States. After years of dedicated service, Colleen Cunningham, President and CEO, stepped down in order to spend more time with her family. Michael Cangemi, a long-time FEI member, has been named as the new President and CEO and has begun his duties with FEI. I have enjoyed working with Colleen and I will certainly miss her. I’d like to thank her for her counsel and all that she has done to promote FEI. We at FEI Canada send our best wishes to Colleen as she embarks on this new chapter of her life. We also look forward to working with Michael and continuing our strong partnership with FEI in the United States.

Sincerely,
Isabel Meharry
President and Chief Executive Officer
Financial Executives International, Canada

FEI Canada News

Robert Normand Named Recipient of Frank S. Capon Distinguished Service Award

FEI Canada is pleased to announce that Robert Normand of the Quebec Chapter has been named as the recipient of the inaugural Frank S. Capon Distinguished Service Award. The award honours Frank Capon, who is credited with bringing FEI to Canada. He was a member for 57 years and was the only member in Canada to have been with the organization longer than any Canadian chapter has been in existence.

Mr. Normand is an exceptionally talented senior financial executive, highly respected not only in Quebec, but throughout Canada and the US. A member of FEI Canada since 1976, he remains an active member and is recognized as a mentor among many of the leaders within the Quebec Chapter. He has served as both Chair (1992-1993) and vice Chair (1991-1992) of the Board of Directors of FEI Canada, a Director of the Board and as a member of the Compensation Committee. He chaired the Conference Committee in 1985 and was a member of the Conference Committee in 1992. Within the Quebec Chapter, he has held the position of President, Vice President, Treasurer and Program Chair. From 1992-1995, Mr. Normand represented Canada on the Board of Directors of FEI in the United States.

Mr. Normand is currently a professional director for a number of publicly traded and private companies. In performing his Directors’ duties, he has served on various audit, investment, pension fund, corporate governance, human resources and environmental committees and has also served as chairman. Previously, he held several positions at Gaz Métropolitain Inc., retiring as Chief Financial Officer in 1997.

Mr. Normand is a member of the Canadian Institute of Chartered Accountants and the Corporate Directors’ Institute. He has been a member of the Canadian Institute of Chartered Accountants since 1966.

Mr. Normand will be recognized for his contributions to FEI Canada and the financial community at large at this year’s FEI Canada Conference in Halifax.

FEI Canada, its Board of Directors and the Quebec Chapter send their heartfelt congratulations to Mr. Normand. Merci et félicitations!

And the CFERF Award Goes to.......

Michael Gibbins, Ph.D., FCA and Bradley Pomeroy M.Sc., B. Comm., B.A. are the recipients of the Canadian Financial Executives Research Foundation’s (CFERF), First Annual "Best Conference Research Paper" Award. Dr. Gibbins is a Winspear Distinguished Professor of Professional Accounting at the School of Business, University of Alberta in Edmonton and an FEI Canada Academic Member. Mr. Pomeroy is a Ph.D student (Accounting) at the University of Alberta. Their award-winning paper "Beyond - GAAP Corporate Reporting: Quality, Value and Relationship to GAAP" will be distributed at the FEI Canada Annual Conference in Halifax, June 6-8, 2007. "We are fortunate that our first Request for Proposals attracted the attention of such credible Canadian academics", says Barry Gorman Ph.D, C.A., T.E.P., Chair of the Canadian Financial Executive Research Foundation’s Board of Trustees and Professor at Saint Mary’s University in Halifax, Nova Scotia. "Dr. Gibbins is among the best," says Gorman. According to Alfred Black, Chair of CFERF’s Research Committee, "This research on GAAP-reporting is relevant and necessary to the Canadian financial business community. Their paper in effect bridges the GAAP between Canadian academics and Canadian finance business executives on this very important subject."

For more information on this award or other RFPs, please contact Heather Bell, Executive Director, Canadian Financial Executives Research Foundation (CFERF) at (416) 366-3007 X 5107 or hbell@feicanada.org.

Upcoming Events

The Agile CFO – Supporting the CEO’s Innovation Agenda

Register now for our next National Breakfast Seminar series in February, IBM will share results of their global study with 765 CEOs. With innovation and profitable growth at the top of the CEO’s agenda today, financial executives need to play a key role in integrating strategy, technology and information by driving the single source of the truth. By identifying innovation opportunities and creating flexible finance models, CFOs can provide the CEO with insight and leadership versus data. Hear how top performing CFOs are unlocking those hidden gems of information which can uncover future business opportunities and foresee trends or costly problems ahead of time.

To remain competitive and make informed business decisions that strategically allocate resources and funds, IBM needed to optimize the value of existing data resources to make more informed and timely business decisions. Hear from IBM Canada's CFO, Lynn Belo, on how IBM created a business intelligence center of competency within the Finance function to change the way it approaches reporting and analytics, and to create synergies with other areas of the business.

FEI Canada members plus guests – No charge Non members - $ 60.00 CAN (plus GST)

Vancouver – February 13
Winnipeg – February 20
Calgary – February 21
Montreal – February 27
Toronto – February 28

Click here to REGISTER

Register now to take advantage of our early bird rates. All participants registering by April 30, 2007 also qualify for the early bird draw of a Hewlett Packard laptop.

Today’s business world is much like turbulent waters. To navigate successfully, you need to chart a new course as the sea changes. That’s why so many senior financial executives look to FEI Canada to help them navigate the many complex issues we face everyday. FEI Canada’s 2007 Conference is a must-attend event for senior financial executives.

Featuring over 40 speakers on a wide range of finance topics, the conference will provide a comprehensive update on the issues and developments facing CFOs. (Conference sessions are eligible for up to 11 hours of continuing education credits.) In addition to outstanding educational content, you can look forward to a multitude of networking and recreational activities. Featured speakers include:

Frank McKenna, Deputy Chair, TD Bank Financial Group
Karen Maidment, Chief Financial and Administrative Officer, BMO Financial Group, Canada CFO of the Year™ for 2006
Annette Verschuren, President, The Home Depot Canada and Asia
Dan Fortin, President, IBM Canada Ltd.
John Risley, President & CEO, Clearwater Fine Foods Inc., Chairman, Clearwater Seafoods Limited Partnership

For further details on the conference, please click here.

Nominations now open for
Canada’s CFO of the Year™ Award, 2007

— Submit your choice at www.cfoy.ca —

Nominations are now being accepted at www.cfoy.ca for the 2007 Canada’s CFO of the Year™ Award. The award is given annually by founding partners Financial Executives International Canada and PricewaterhouseCoopers LLP and presenting sponsor The Caldwell Partners International. Now in its fifth year, the award honours the quality, insight, direction and leadership of Canada’s senior financial leaders. Nominations close on March 2, 2007.

Previous recipients of Canada’s CFO of the Year Award include:

2006:	Karen Maidment, Chief Financial and Administrative Officer, BMO Financial Group
2005:	Claude Mongeau, Executive Vice-President and Chief Financial Officer, CN
2004:	Peter Rubenovitch, Senior Executive Vice President and Chief Financial Officer, Manulife Financial Group
2003:	Peter W. Currie, Executive Vice-President and Chief Financial Officer, Nortel Networks Corporation (formerly, Vice-Chairman and Chief Financial Officer, (RBC Financial Group)

For more information or to submit your nomination for the next Canada’s CFO of the Year, please visit www.cfoy.ca.

Business Roundtable with the Government of Canada
Reshaping the business landscape

March 22nd 2007
Fairmont Château Laurier
Ottawa, Canada

*************** Exclusive offer to FEI Canada members only ***************

You are invited to Economist Conferences’ first Business Roundtable with the Government of Canada. This unique, high-level business conference provides local and global executives access to top government officials as they address key business and economic issues that are shaping current and future Canadian policy.

Moderated by experts from The Economist Group, this interactive meeting will bring together key economic ministers, the central-bank governor and senior corporate speakers. Featured speakers from the Canadian government include The Honourable Jim Flaherty, The Honourable Minister of Finance; The Honourable Maxime Bernier, Minister of Industry; Gary Lunn, Minister of Natural Resources; and Paul Jenkins, Senior Deputy Governor, Bank of Canada. To view the programme and full speaker faculty, click here.

The fee is US$1,895 per delegate, but FEI Canada members who register and pay by February 16th 2007 will pay only US$1,295. That’s a savings of US$600. To register, please contact Elizabeth Bowen at (1.212) 554-0605 or email americas_customerservice@economist.com and reference special invitation code "FEI". You can also register by clicking here.

CICA Conference on International Financial Reporting Standards

June 11-12, 2007
Holiday Inn on King
Toronto, ON

This conference is a must for Chief Financial Officers, Audit Committee members, Public Accountants and Auditors, Vice Presidents of Finance, Controllers or Assistant Controllers, Regulatory Compliance Officers, Securities Industry Regulators, Financial Analysts, Directors of Finance and Corporate Accounting, and Corporate Managers of Financial Reporting and Accounting.

The target has been set…IFRS by 2011! How you get there is, to a large extent, up to you. Finding the right path that ensures your organization is prepared may be one of the biggest financial reporting challenges you will face in the coming years. Many have begun reviewing the process and are realizing that to meet the deadline, and ensure that the abundance of details are adequately addressed, means getting underway now. The conference will include technical sessions and insight from jurisdictions that have made the shift to IFRS, to help you prepare for, and define, your path to convergence.

For more information, please click here.

CFO TV – programming schedule

Please note that attendance at FEI Breakfast Seminars and our Annual Conference qualifies for Continuing Professional Development credits.

New Member Welcome

A warm welcome to 39 new members who joined in December 2006 & January 2007! Our thanks to all the members who have recommended their colleagues and friends.

Mr. Al W. Babiuk,
Chief Financial Officer, CP Loewen Enterprises Ltd.
Winnipeg Chapter

Ms. Valerie Barker,
Chief Financial Officer, Gluskin Sheff + Associates Inc.
Toronto Chapter

Mr. Scott T. Bonli,
Vice President, Finance and Chief Financial Officer, Endev Energy Ltd.
Calgary Chapter

Mr. Sean Byrne,
Vice President, Finance, Fisher Scientific Company
Ottawa Chapter

Mr. Paul C. Clements,
Director, Financial Reporting, Fording Canadian Coal Trust
Calgary Chapter

Mr. Normand Clermont,
Québec Chapter

Mr. John Coady,
Chief Financial Officer, Algorithmics Incorporated
Toronto Chapter

Mr. James E. Cooke,
Vice President, Finance - Sobeys Atlantic, Sobeys Inc.
Atlantic Chapter

Mr. Andrew S. Cruickshank,
Chief Financial Officer, Collicutt Energy Services Ltd.
Calgary Chapter

Mr. Joseph A. Deklic,
Chief Financial Officer & Controller, Cisco Systems Canada Co.
Hamilton Chapter

Mr. Vic Fitch,
Chief Financial Officer, Xtreme Coil Drilling Corp.
Calgary Chapter

Mr. Scott W. Franklin,
Chief Financial Officer, Investment Planning Counsel Inc.
Toronto Chapter

Ms. Joanne Gould,
Vice President and Controller, Shoppers Drug Mart Corporation
Toronto Chapter

Mrs. Dominique Grégoire,
Director, Client Service & Recruiting, Resources Global Professionals Inc.
Calgary Chapter

Mr. Lindsay A. Hall,
Executive Vice President & Chief Financial Officer, Goldcorp Inc.
Vancouver Chapter

Mr. Michael P. Henriksson,
Controller, Vancouver Airport Authority
Vancouver Chapter

Mr. James A. Hooper,
Vice President Finance & Administration, Unilock Ltd.
Toronto Chapter

Ms. Nora Kelly,
Chief Financial Officer, Pyrophotonics Lasers Inc.
Québec Chapter

Mr. Harald Ladewig,
Vice-President & Treasurer, Honda Canada Finance Inc.
Toronto Chapter

Mr. Richard Lanoue,
Vice President, Finance & Chief Financial Officer, Michael Rossy Ltd.
Québec Chapter

Ms. Sherry D. Lees,
Corporate Treasurer, Agricore United
Winnipeg Chapter

Mr. Anthony C. Mbadiwe,
Toronto Chapter

Ms. Corinna A. Mitchell-Beaudin,
Vice President, Portfolio Management, Farm Credit Canada
Regina Chapter

Mr. Robert K. Mowat,
Director, Finance, Gennum Corporation
Toronto Chapter

Mr. Sylvain Ouellette,
Vice President & Co-Chief Financial Officer, Groupe LaPierrière & Verreault Inc.
Québec Chapter

Ms. Catherine Playford,
Chief Financial Officer, Panorama Software Ltd.
Toronto Chapter

Ms. Samira Sakhia,
Chief Financial Officer, Paladin Labs Inc.
Québec Chapter

Mr. Mario R. Settino,
Senior Vice President, Finance, Provigo Inc.
Québec Chapter

Mr. Kevin Smith,
Chief Financial Officer, Mountain Resorts, Intrawest Corporation
Vancouver Chapter

Mrs. Angela Sorbo,
Vice President, Finance, Viau Food Products Inc.
Québec Chapter

Mr. John Steen,
Director of Finance, Ontario Power Authority
Toronto Chapter

Mr. Douglas J. Thomson,
Vice President & Chief Financial Officer, K-Bro Linen Income Fund
Edmonton Chapter

Mr. Douglas J. Tkach,
Assistant Vice President, Financial Control, Great-West Life Assurance Company
Winnipeg Chapter

Ms. Kimberly A. Verrier,
Controller, Balancing Pool of Alberta
Calgary Chapter

Mr. Michael Washinushi,
Chief Financial Officer, Canadian Satellite Radio Holdings Inc.
Toronto Chapter

Mr. Chris A. Watt,
Executive Vice President & Chief Financial Officer, Steele Auto Group
Atlantic Chapter

Mr. David W. Wong,
Chief Financial Officer, Powerex Corp.
Vancouver Chapter

Ms. Michele A. Wood-Tweel,
Executive Director, Institute of Chartered Accountants of Nova Scotia
Atlantic Chapter

Mr. Kenneth W. Woods,
Vice President Finance & Treasurer, FaithLife Financial
Toronto Chapter

Members in the News

FEI Canada congratulates the following members of their recent achievements:

David F. Denison (Toronto Chapter) has been named a Director of The Princess Margaret Hospital Foundation

Graham McIsaac (Vancouver Chapter) has been elected a Fellow of the Institute of Chartered Accountants of BC

Ronald Park (Vancouver Chapter) received the Lifetime Achievement Award from the Institute of Chartered Accountants of BC

Norman A. Turnbull (Québec Chapter) completed the Directors Education Program of the Institute of Corporate Directors

FEI congratulates the following members on their new jobs:

Antoine Auclair (Québec Chapter) is now the Vice President & Corporate Controller at CAE Inc.

Steven R. Bryce (Toronto Chapter) is now the new Vice President, Business Development at PRG-Schultz Canada Corp.

Ken R. Burt (Atlantic Chapter) is now the new Vice President, Finance & Administration of Dalhousie University.

Lawrence P. Cannon (Québec Chapter) formerly of BCA Publications Ltd. is now the Vice President & Chief Financial Officer of Novamerican Steel Inc.

David J. Carefoot (Winnipeg Chapter) has been promoted to Chief Financial Officer of Agricore United.

Peter C. Chung (Toronto Chapter) is now the Chief Financial Officer at Whitecastle Investments

Jeffrey D. Cook (Toronto Chapter) is now the Vice President, Finance & Accounting at CB Richard Ellis Management Services.

Patrick G. Crowley (Toronto Chapter) formerly of ATI Technologies Inc. is now the new Chief Financial Officer of OMERS Administration Corporation

Philip D. Dolan (Calgary Chapter) has been promoted to Vice President, Finance & Chief Financial Officer of Talisman Energy Inc.

Stephen J. Ferguson (Atlantic Chapter) is now the Controller at Survival Systems Ltd.

Paul J. Gallagher (Toronto Chapter) formerly of Pace Integration Inc. is now the new President & CEO at Avana Capital Corporation

Tony J. Hidalgo (Toronto Chapter) formerly of Lakeport Brewing Income Fund is now the new Chief Financial Officer at HSE Integrated Ltd.

Peter Kaju (Toronto Chapter) formerly of C5 Group Inc. is now the new Chief Financial Officer at Embanet Corporation.

Glen Kayll (Vancouver Chapter) is now the new Vice President, International Operations at Coastal Contacts Inc.

Dimitrios (Jim) Leonidas (Calgary Chapter) is now the new Chief Financial Officer & Corporate Secretary at AltaGas Utilities Group Inc.

Avis J. Maher (Toronto Chapter) is now the new Chief Financial Officer at Retrocom Mid-Market Real Estate Investment Trust.

Halina McGregor (Toronto Chapter) is now the new Chief Financial Officer at Calyx Transportation Group Inc.

Keith W. McMahon (Winnipeg Chapter) has been promoted to President & Chief Executive Officer of The Arctic Glacier Inc.

T. Derek Price (Toronto Chapter) formerly of Glencairn Gold Corporation is now the new Vice President Finance & Chief Financial Officer at Blue Pearl Mining Ltd.

Nimal Rodrigo (Edmonton Chapter) formerly of Eleven Engineering Incorporated is now the Chief Financial Officer at Link Scaffold Inc.

Manjit K. Sharma (Toronto Chapter) has been promoted to Vice President, Finance at General Electric Canada Inc.

Timothy Strome (Hamilton Chapter) is now the Chief Financial Officer at Reid's Heritage Group.

Alain Vachon (Québec Chapter) is now the Vice President and General Director Eastern Market Place at McKesson Canada

Gregory D. Wight (Hamilton Chapter) has been promoted to Executive Vice President & Chief Financial Officer of Algoma Central Corporation.

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Copyright © 2006 by Financial Executives International Canada (FEIC).
All rights reserved. This content is owned by FEIC. This information may be downloaded once but may not be further reproduced, publicly distributed, publicly displayed or otherwise used by any person or entity without approval from Financial Executives International Canada (www.feicanada.org).