Agnico-Eagle Mines Limited’s David Garofalo Named Canada’s CFO of the Year™ for 2009
Canada’s CFO of the Year™ 2009 Award Nominations now Open
Submit your nomination at CFOY.ca
TORONTO, March 16, 2009 — 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™ for 2009. Mr. Garofalo will be honoured at a gala dinner on April 14 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 executives.
"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 Financial Group
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 Financial Group
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.
Media are invited to cover the April 14 award gala, beginning at 6:00 p.m. at The Fairmont Royal York in Toronto. To indicate your attendance and arrange for interviews and camera space, please contact Carolyn Forest at +1 416 814 5730.
More information on Canada's CFO of the Year™ Award can be found at http://www.cfoy.ca.
About Financial Executives International Canada (FEI Canada)
FEI Canada is the all-industry professional membership association for senior financial executives. With 11 chapters across Canada and 2,000 members, FEI Canada provides professional development, thought leadership, and advocacy services to its members. The association membership, which consists of Chief Financial Officers, Audit Committee Directors, and senior executives in the Finance, Controller, Treasury, and Taxation functions, represents a significant number of Canada's leading and most influential corporations. For further information, please visit http://www.feicanada.org.
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 163,000 people in 151 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 5,300 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 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 caliber 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™ and Canada’s Top 40 Under 40™, and advises and supports the Canada’s CFO of the Year Award™ program.
The Caldwell Partners’ Class-A non-voting shares are listed on The Toronto Stock Exchange (TSX: CWL.A). Please visit our website at http://www.caldwell.ca for further information.
About Enbridge Inc.
Enbridge Inc., a Canadian company, is a North American leader in delivering energy. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,000 people, primarily in Canada and the U.S. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit http://www.enbridge.com.
About Tim Hortons Inc.
Tim Hortons is the fourth largest publicly-traded restaurant chain in North America based on market capitalization, and the largest in Canada. Operating in the quick service segment of therestaurant industry, Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts. As of January 3rd, 2010, Tim Hortons had 3,578 system wide restaurants, including 3,015 in Canada and 563 in the United States. More information about the Company is available at http://www.timhortons.com.