CAN'T BLAME Her For LEAVING ! AXE CUTS G&A EXPENSES !- it's BEEN a VERY TOUGH SLOG so NATURALLY, she was VERY DISAPPOINTED at the TURN of EVENTS {the RF XL FAILURE} and has 'probably' LANDED a SUPERIOR JOB with BETTER COMPENSATION - DEJA-VU ( re: the EX-Chief Technology Officer)
*** Acceleware CFO Grierson to depart in mid-December
2024-11-28 20:29 ET - News Release
Mr. Geoff Clark reports
ACCELEWARE ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER
Tracy Grierson, Acceleware Ltd.'s chief financial officer, is departing to pursue other career opportunities, after nearly six years of dedicated service with the company.
Ms. Grierson has served as Acceleware's fractional CFO since 2019. She will assist the company to ensure minimal disruption and a successful transition of her duties prior to her departure, slated for mid-December.
Acceleware president and chief executive officer Geoff Clark stated: "Tracy has been a rock-solid performer as CFO and a great asset to the company. She will be missed by her fellow employees and executive team members."
Board chair Bohdan Romaniuk added that the board "was likewise sad to hear of Ms. Grierson's planned departure from the company, but is very grateful to have benefited from her contributions to the team over these past several years. We wish her all the best in her future endeavours."
Said Ms. Grierson: "I am proud of what we have accomplished in my years here, and this was not an easy decision to make. It has been an absolute pleasure working at Acceleware. I will miss working with the team and wish the company all the best."
If the company is unable to find a replacement for Ms. Grierson prior to her departure, then Acceleware's chief operating officer, Mike Tourigny, will assume the CFO's duties on an interim and temporary basis until a new CFO is hired. Mr. Tourigny, a 30-year veteran of the ICT industry, holds an MBA from the University of Calgary and a bachelor of commerce in finance from the University of British Columbia. Mr. Tourigny is financially literate as defined in National Instrument 52-110 (Audit Committees) and required by TSX Venture Exchange Policy 3.1.
About Acceleware Ltd.
Acceleware is an advanced electromagnetic heating company with highly scalable EM solutions for large industrial applications. The company's solutions provide an opportunity to economically electrify and decarbonize industrial process heat applications previously considered difficult to abate, which could have a significant impact on global greenhouse gas emissions.
Acceleware is piloting RF XL, its patented low-cost low-carbon EM thermal production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. The company is also working with a consortium of world-class potash partners on a pilot project using its patented and field-proved clean tech inverter to decarbonize drying of potash ore and other minerals. Acceleware is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.
Acceleware and Saa Dene Group (co-founded by Jim Boucher) have created Acceleware Kisastwew to raise the profile, adoption and value of Acceleware technologies. The partnership is intended to improve the environmental and economic performance of the industry by supporting ideals that are important to indigenous peoples, including respect for land, water and clean air.
Acceleware is a public company listed on Canada's TSX Venture Exchange under the trading symbol AXE.
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