TORONTO, Feb. 3, 2014 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG) is pleased to announce the appointment of Stephen Taylor as the new Chief Financial Officer (CFO) of the Company effective the end of March, 2014. Mr. Taylor is a Chartered Accountant with over 25 years of international financial experience in all areas of corporate management, including acquisitions of new businesses, operational management, and investments.
"Stephen comes to IBI Group at a defining juncture in our development and his broad-based experience will help shape the new direction of IBI Group," said Scott Stewart, CEO. "Stephen will provide critical oversight to our efforts in maintaining financial reporting discipline, and communicating with investors."
Mr. Taylor was most recently the CFO of blueballoon Health Services Inc., an Ontario-based private healthcare company. Before that, he was the CFO of CryptoLogic Limited, a publicly traded multinational online gaming software provider, for six years. Before CryptoLogic, Mr. Taylor held a variety of roles in investment banking, corporate advisory, operations, corporate development, and financial oversight. His functional experience includes accounting, public company financial reporting, acquisition due diligence, valuation, process management, enterprise integration, and investor relations.
Tony Long, IBI Group's outgoing CFO, is departing to pursue other interests. During his tenure, Mr. Long was responsible for closing multiple mergers and acquisitions for IBI Group, streamlining financial reporting processes, and assisting in the development and implementation of the Company's Recovery Plan. Mr. Long will remain in place as CFO until the end of March, 2014, as part of a transition plan, after which Mr. Taylor will fully assume his new role.
Mr. Stewart praised Mr. Long's contribution to IBI Group. "We are extremely grateful for the hard work and dedication Tony demonstrated over the last three years," he said. "He made significant contributions during a challenging time for IBI Group. Tony will be missed by his colleagues and we wish him all the best in his future endeavors."
About IBI Group Inc.
IBI Group Inc. is a TSX-listed Company and trades under the symbol "IBG". The Company is a global architecture, planning, engineering, and technology firm with 2700 staff in more than 80 offices around the world. We have organized our services into three streams - Intelligence, Buildings, and Infrastructure - to ensure a holistic approach to creating innovative, responsive, and intelligent solutions for our clients in both the public and private sectors.
SOURCE: IBI Group Inc.
For further information:
Scott Stewart, CEO
IBI Group Inc.
230 Richmond Street West, 5th Floor
Toronto, ON M5V 1V6
Bayfield Strategy, Inc.