Markets

Toromont Appoints Michael McMillan As CEO, John Doolittle CFO

September 22, 2023 — 09:39 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Toromont Industries Ltd. (TIH.TO), a provider of specialized capital equipment Friday named Michael McMillan as its new president and chief executive officer, effective October 15. He will be succeeding Scott Medhurst who is retiring after 35 years with the company.

The company also appointed John Doolittle as the executive vice president and chief financial officer who will be taking over from Michael McMillan.

McMillan has more than 25 years of financial experience and has served as the finance chief of Parkland Fuel Corp.

Doolittle had served as the CFO of many public and private companies including Open Text and Mattamy Homes.

On Thursday, shares of Toromont Industries closed at $111.04 down 0.46% on the Toronto Stock Exchange.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Markets

Latest Articles
Data is currently not available