TORONTO, April 15 /CNW/ - David Garofalo, Senior Vice President, Finance
and Chief Financial Officer of Agnico-Eagle Mines Limited, has been chosen as
Canada's CFO of the Year(TM) for 2009. Mr. Garofalo was honoured last night,
April 14, at a gala dinner in Toronto.
Canada's CFO of the Year Award is presented annually by Financial
Executives International Canada (FEI Canada), PricewaterhouseCoopers LLP and
The Caldwell Partners International. The award honours and recognizes the
quality, insight, direction and leadership of Canada's senior financial
"Now more than ever, CFOs must be proactive and visionary in order to
adapt to the changing environment and to effectively compete in the global
capital markets," says Michael Conway, Chief Executive & National President of
FEI Canada. "This award recognizes financial executive leaders, like David
Garofalo, who have demonstrated excellence to help guide their business,
especially through these challenging times."
Mr. Garofalo was named Canada's CFO of the Year by an independent
committee, chaired by Peter Dey, and composed of some of Canada's most
prominent business leaders. The criteria by which nominees were judged are:
Vision and Leadership, Corporate Reporting and Performance, Social
Responsibility, Innovation and Business Complexity. Award candidates were
nominated in all business sectors by CEOs, members of boards of directors,
financial analysts and other senior executives.
Mr. Garofalo has been with the Agnico since 1998. Before joining
Agnico-Eagle, Mr. Garofalo served as Treasurer of Inmet Mining Corporation, an
international mining company. Mr. Garofalo serves on the Boards of Directors
of Agnico-Eagle and Stornoway Diamond Corporation. Mr. Garofalo is a graduate
of the University of Toronto (B.Comm.) and a Chartered Accountant.
"Canada's CFO of the Year Award is awarded each year to an outstanding
financial professional that is passionate about the future of Canadian
business," says Gino Scapillati, National Managing Partner of
PricewaterhouseCoopers. "It is those CFOs that are committed to integrity,
both professional and personal, who are distinctive and make a difference."
Douglas Caldwell, Founder and Chairman, The Caldwell Partners
International adds, "Sound financial management, a commitment to good
corporate governance and promoting ethical business conduct through the
organization are all central to the role of CFO. While standards and
guidelines - along with the economy - continue to evolve, this award
demonstrates that CFOs continue to have a positive and important impact on
their organization and business in Canada."
Previous recipients of Canada's CFO of the Year Award include:
2008: Bruce Waterman, Senior Vice-President, Finance and Chief Financial
Officer of Agrium Inc.
2007: Marvin Romanow, Executive Vice-President and Chief Financial
Officer of Nexen Inc.
2006: Karen Maidment, Chief Financial and Administrative Officer of BMO
2005: Claude Mongeau, Executive Vice-President and Chief Financial
Officer of CN
2004: Peter Rubenovitch, Senior Executive Vice President and Chief
Financial Officer of Manulife Financial Group
2003: Peter W. Currie, Vice-Chairman and Chief Financial Officer of RBC
Canada's CFO of the Year Award is also sponsored by American Express, the
Canadian Institute of Chartered Accountants (CICA) and The Fairmont Royal
York. The media sponsor is The Globe and Mail. Air travel services are
provided by Air Canada and presentation technology for the gala dinner is
provided by AVW-TELAV Audio Visual Solutions.
More information on Canada's CFO of the Year Award can be found at
About Financial Executives International Canada (FEI Canada)
FEI Canada is the professional membership association for senior
financial executives. With more than 2,000 members in 11 chapters across
Canada holding the title of Chief Financial Officers, Controllers, Treasurers,
Tax Executives, Finance and Accounting Professors, the association membership
represents a significant number of Canada's leading and most influential
corporations. FEI Canada provides many valuable services to its members
including peer networking opportunities; emerging issues alerts; personal and
professional development; and advocacy services. For more information, visit
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
tax and advisory services to build public trust and enhance value for its
clients and their stakeholders. More than 155,000 people in 153 countries
across our network share their thinking, experience and solutions to develop
fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP
(www.pwc.com/ca) and its related entities have more than 5,200 partners and
staff in offices across the country.
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
limited liability partnership, or, as the context requires, the
PricewaterhouseCoopers global network or other member firms of the network,
each of which is a separate and independent legal entity.
About The Caldwell Partners
The Caldwell Partners International Inc., founded in 1970, was Canada's
first executive search firm. Today the human capital services company serves
clients across Canada, in the United States, and internationally with offices
in Montreal, Toronto, Calgary, Vancouver, San Francisco, and Los Angeles. The
Caldwell Partners focuses, in particular, on recruiting "C-class" executives
(chief executive, chief financial, chief information officers, as well as
other senior executives). The Caldwell Partners takes pride in delivering
unmatched depth of service and expertise to its clients, the calibre and
experience of its staff, and the successful completion of its engagements. The
Caldwell Partners founded and continues to promote the prestigious national
awards programs recognizing Canada's Outstanding CEO of the Year(TM) and
Canada's Top 40 Under 40(TM), and advises and supports the Canada's CFO of the
Year Award(TM) program. In 2007, the Canada's Outstanding CEO of the Year(TM)
and Canada's Top 40 Under 40(TM) programs marked their respective 19th and
The Caldwell Partners' Class-A non-voting shares are listed on The
Toronto Stock Exchange (TSX: CWL.A). Please visit our website at
www.caldwell.ca for further information.
About Agnico-Eagle Mines Limited
Agnico-Eagle is a long established Canadian gold producer with operations
located in Quebec and Finland and exploration and development activities in
Canada, Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is
Canada's largest gold deposit in terms of reserves. The Company has full
exposure to higher gold prices consistent with its policy of no forward gold
sales. It has paid a cash dividend for 27 consecutive years.
For further information:
For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
(416) 814-5730, firstname.lastname@example.org; Caroline Spivak, FEI Canada, (416)