Leadership Changes at Canadian Premium Sand Inc. Announced
Leadership Transition at Canadian Premium Sand Inc.
Canadian Premium Sand Inc. (“CPS”) is making big moves as it announces a significant change in leadership within the company. The role of Chief Financial Officer will be transitioned from Cameron Deller to Isha Kular, effective October 3, 2024. This change comes as the company prepares for the next phase of its ambitious solar glass manufacturing project.
Cameron Deller's Contributions
Cameron Deller has served as CPS's CFO since August 2021. During his tenure, he made substantial contributions to the company, particularly in shaping its strategic direction and fortifying financing initiatives. His leadership has played a crucial role in developing CPS into a robust player in the solar glass manufacturing sector.
Welcoming Isha Kular Back
Isha Kular, who previously held the position of Corporate Controller at CPS between 2019 and 2020, returns as CFO with a strong background in finance. Ms. Kular has over 17 years of experience in various financial roles, including audit, reporting, treasury, and mergers & acquisitions, making her a valuable asset for CPS. Her past roles have equipped her with the skills necessary to navigate complex financial landscapes, including her most recent position as Vice President of Finance at a subsidiary of Aviva plc.
Strategic Importance of the Transition
The timing of these leadership changes aligns with CPS's recent announcement regarding significant government financial support indications, which could amount to $272 million. This funding is critical as the company gears up for its solar glass manufacturing operations. Isha’s return is seen as essential to ensure that CPS is well-positioned to harness this funding effectively and move forward with construction and operational phases.
Comments from Leadership
Glenn Leroux, President and CEO of CPS, expressed enthusiasm about Isha's return, noting, “I am excited to welcome Isha back to the CPS team. Isha’s breadth of expertise will be invaluable as the Company moves through the stages of financing, construction, and into operations.” He also conveyed gratitude towards Cameron for his three years of dedicated service and wished him well in his future endeavors.
About Canadian Premium Sand Inc.
Canadian Premium Sand Inc. is actively engaged in the development of a manufacturing facility dedicated to producing ultra high-clarity, low carbon patterned solar glass. This plant will be strategically situated in Selkirk, Manitoba, utilizing high-purity, low-iron silica sand sourced from its own Wanipigow quarry leases. The company’s commitment to renewable energy sources, including Manitoba's hydroelectric power and responsibly sourced natural gas, positions it uniquely in the market, providing sustainable advantages in manufacturing costs.
Today, CPS is recognized as a reporting issuer in multiple Canadian provinces, including Ontario, Alberta, and British Columbia, with its shares traded under the TSXV symbol "CPS".
Frequently Asked Questions
What is the reason for the CFO transition at CPS?
Cameron Deller is leaving CPS for a new opportunity, and Isha Kular will take over as CFO to leverage her extensive financial experience.
What is Isha Kular's background?
Isha Kular brings over 17 years of diverse financial experience, including audit, reporting, and mergers & acquisitions from her previous roles.
How does the leadership change benefit CPS?
Isha’s expertise is crucial as the company prepares for the construction and operational phases of its solar glass facility, especially with recent governmental support.
What operations is Canadian Premium Sand engaged in?
CPS is developing a manufacturing facility for ultra high-clarity solar glass, aiming to innovate in the renewable energy sector.
Where can I find more information about CPS?
For additional details, you can visit Canadian Premium Sand Inc.'s official website or contact their investor relations team.
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