CALGARY, Oct. 17, 2013 /CNW/ - Circa Enterprises Inc. ("Circa" or the
"Corporation") announces the resignation of Mr. Ivan Smith as Chairman
and CEO and the appointment of Mr. Grant Reeves as Interim Chief
After 27 years with Circa, 23 in the role of Chief Executive Officer,
Ivan Smith is resigning his position as Chairman and CEO of the
Company, effective October 17, 2013. Mr. Smith will continue as a
Director of Circa.
Mr. Smith was one of the founders of Circa Enterprises and was
instrumental in the growth of the Company into one of the key suppliers
in the North American surge protection business. In 2002, Circa was
recognized as winner of the Ernst & Young Entrepreneur of the Year for
Technology and Manufacturing.
Effective the same date, Mr. Grant Reeves is appointed Interim Chief
Executive Officer and Mr. Peter Bourgeois is appointed Chairman. Both
Mr. Reeves and Mr. Bourgeois are members of the Board of Directors of
Mr. Reeves is a Senior Vice President with the InterTech Group, Inc.
where he has served for the past 27 years as a manufacturing and
financial executive with merger and acquisition, corporate finance and
strategic planning experience.
Mr. Reeves was Chairman of Galvanic Applied Sciences Inc. until August
2013. Mr. Reeves had also previously served in the capacity of CEO of
Galvanic. Galvanic, based in Calgary, Alberta, that designs and
manufactures analyzers and measurement equipment for the natural gas
and process industries.
"As the Company's founder, we are grateful for Ivan's many years of
service and leadership that positions Circa for a bright future. Going
forward we intend to expand our markets while we explore strategic
opportunities to grow the business," said Mr. Reeves.
Circa Enterprises Inc. is a public company with operations in Alberta,
Ontario and Florida. The outstanding common shares of Circa Enterprises
Inc. are listed and trade on the TSX Venture Exchange under the trading
symbol CTO. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
SOURCE: Circa Enterprises Inc.
For further information:
Mr. Grant Reeves
Circa Enterprises Inc.
Mr. Cory Tamagi
VP Finance and CFO
Circa Enterprises Inc.