ECN Capital Corp. during its annual meeting of shareholders announced the retirement of Grier Colter as Chief Financial Officer. The company also announced the appointment and promotion of Michael Lepore, Senior Vice President, Controller, to the position of CFO.

The company, which has its headquarters in Toronto, thanked Colter for his significant contributions to the company’s success during his tenure. This transition is part of ECN’s previously announced plan to relocate senior management to its Florida-based corporate office.

During 2018, Colter informed management that he did not intend to relocate and has since been actively working with Lepore to transition all relevant functions over the last several months.

Lepore, who joined ECN Capital in July 2017, will relocate with his family to Florida where he will join the ECN leadership team at its new corporate office later this spring.

“I want to thank Grier for all of his numerous contributions to the success of ECN over his tenure as Chief Financial Officer,” said Steven K. Hudson, Chief Executive Officer. “Grier is a tremendous talent and we wish him well in his future endeavors.”

Colter has 20 years of experience in finance and most recently served as Vice President and Treasurer of Canadian Tire Corporation where he oversaw treasury, corporate finance and taxation for all business divisions, including Canadian Tire Bank. Prior to that, Colter served in senior level positions at large publicly traded and private Canadian corporations, including Barrick Gold Corporation and Moneris Solutions Corporation.

Hudson continued, “I also want to congratulate Michael on his appointment to Chief Financial Officer. Michael has been intimately involved with all aspects of ECN’s business over the last several years and is perfectly suited to the role going forward.”