Electrofuel Inc---NR
TORONTO, Aug. 15 /CNW/ - Electrofuel Inc. announces the appointment of
Paul J. Van Damme as the Company's Vice President, Finance and Chief Financial
Officer. Mr. Van Damme has more than twenty years of senior management
experience. He will be responsible for setting financial policy and managing
the finance, treasury, capital markets and investor relations functions as
well as implementing new information systems to propel the Company's
anticipated rapid growth.
"Paul has a background in a variety of high growth technology based
industries including computers, wireless communication and biotechnology that
will be especially useful to the Company," said Sankar Das Gupta, President &
CEO of Electrofuel. Paul's experience in public companies listed on both the
Toronto and New York Stock Exchanges will also help increase the level of
financial sophistication at Electrofuel."
Paul was most recently Vice-President, Finance and Chief Financial
Officer of Allelix Biopharmaceuticals Inc. His previous experience included
financial executive positions at Canadian and international corporations
including Canada Systems Group, Laidlaw Inc. and TeleZone Corporation. Mr. Van
Damme received his B.Comm. and MBA degrees from the University of Toronto. He
earned his CA degree while at PricewaterhouseCoopers.