Toronto, Ontario –April 5, 2017– Baylin Technologies Inc. (“Baylin”) (TSX: BYL) today announced the forthcoming retirement of CFO James Newell from Baylin Technologies.
Randy Dewey, President and CEO, explained that “James Newell commenced his CFO employment with the company in November of 2015. The plan all along was for Jim to help the company through its restructuring and to retire within eighteen months. We are right on track with the timing and have commenced our search for Jim’s replacement.”
Jim will continue to support the new CFO through a transition period and explained, “It has been my pleasure to work with Randy, the Board and the rest of the team in executing on the financial turnaround plan. Baylin is now in a much stronger financial position, and I look forward to watching its growth continue.”
The Baylin Audit Committee has commenced the search for a new CFO and we expect to complete that process within a reasonable timeframe. Baylin has made consistent improvements in the previous eighteen months and there is positive momentum in the business. The company is entering a new chapter and we look forward to complimenting the team with an experienced capital markets CFO who possesses significant M&A experience and who will continue the focus on financial rigour and strategic insight that Jim has implemented to date.
Baylin (TSX: BYL) is a leading global wireless technology management company. Baylin focuses on design, development, manufacturing and delivery of leading wireless products and services. We aspire to meet our customers’ needs and anticipate the direction of the market.
For further information contact:
Investor Relations: Kelly Myles, Marketing and Communications Manager
Baylin Technologies Inc.
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