Board Restructuring Announced by Madison Pacific Properties Inc.
Madison Pacific Properties Inc. Shakes Up Board of Directors
Madison Pacific Properties Inc. (the Company) has recently announced pivotal changes within its Board of Directors. This Vancouver-based real estate company has been known for its dedicated leadership and governance.
Retirement of Long-Serving Board Members
After a commendable tenure, Mark Elliott will step down from his position on the Board, effective September 30. With over twelve years of unwavering service, Mr. Elliott has played a crucial role in guiding the Company, especially during his time as Chairman of the Audit Committee.
Jonathan Rees will also conclude his term with the Board as of September 30, having devoted more than six years to the Company. Both Elliott and Rees have left an indelible mark on Madison Pacific Properties, contributing significantly to its growth and successful governance.
New Additions to the Board of Directors
The Company is excited to welcome Alistair Duncan, Jr. and Robert Wiens to its Board of Directors. Their appointments, effective September 30, promise to strengthen the leadership team further.
Alistair Duncan, Jr.: A Leader in Biotechnology
Alistair Duncan brings a wealth of experience to his new role. Currently serving as President and Chief Executive Officer of viDA Therapeutics Inc., a biotechnology firm based in Vancouver, Mr. Duncan has a distinguished career. He co-founded Chromos Molecular Systems Inc. and held the position of President and Chief Executive Officer at the same time. His extensive background also includes being a Principal at Ernst & Young LLP, enhancing his profile even further.
Robert Wiens: A Veteran in Financial Management
Robert Wiens is bringing over 30 years of management experience to Madison Pacific. He has held numerous executive roles, including Chief Financial Officer of D-Wave Systems and President and CEO of FACS Records Centre Inc. His leadership extends to his tenure as Managing Partner of Arthur Andersen & Co.'s Vancouver office. He is well-regarded in the accounting community, recognized as a fellow with the Chartered Professional Accountants of British Columbia (FCPA) and a member of the New York State Institute of Certified Public Accountants (CPA).
Familiar Faces in the Boardroom
Both Duncan and Wiens have previous ties to Madison Pacific, having served as directors of Metro Vancouver Properties Corp., a subsidiary of the Company. Their understanding of the Company’s operations positions them well to contribute effectively as they transition into their new roles on the Board.
Contact Information for Madison Pacific Properties Inc.
For any inquiries regarding these changes or other company matters, interested parties can reach out to:
Contact: Mr. Dino Di Marco, President & CEO
Telephone: (604) 732-6540
Address: 389 West 6th Avenue, Vancouver, B.C. V5Y 1L1
Frequently Asked Questions
What changes are being made to Madison Pacific Properties Inc.'s Board?
The Company is announcing the retirement of Mark Elliott and Jonathan Rees, along with the appointment of Alistair Duncan, Jr. and Robert Wiens.
When will these changes take effect?
The changes to the Board will take effect on September 30.
What experience do the new board members bring?
Alistair Duncan has experience in biotechnology management, while Robert Wiens has over 30 years in financial management and corporate governance.
Have the new board members served with the Company before?
Yes, both Duncan and Wiens previously served as directors for Metro Vancouver Properties Corp., a subsidiary of Madison Pacific.
How can I contact Madison Pacific Properties?
For inquiries, you can contact Mr. Dino Di Marco at (604) 732-6540 or visit their office at 389 West 6th Avenue, Vancouver, B.C.
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