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Nexient Learning Inc. Announces Appointment of Donna de Winter as Chief Financial Officer
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Location: Blogs News |
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| Posted by: ITNovaScotia Admin |
Friday, July 07, 2006 |
HALIFAX, July 6 /CNW/ - Nexient Learning Inc. (TSX: NXN) formerly
CrossOff Incorporated and parent company of Polar Bear Corporate Education
Solutions / CDI Education, announced today the appointment of Donna de Winter
as Chief Financial Officer. Most recently Ms. de Winter served as Chief
Financial Officer for Geac Computer Corporation Limited.
"I am pleased to announce Donna's appointment as Chief Financial Officer.
Donna is a seasoned and innovative business leader who brings with her a
wealth of experience in internal and external financial reporting, corporate
finance and capital markets. She will be a champion of sound corporate
governance practices and an invaluable member of Nexient's senior management
team." said Colleen Moorehead, President and CEO. "Donna's experience in
executing growth strategies and enhancing productivity will be a key
ingredient in creating value for our customers and shareholders. I am
confident we have chosen the right person to fill this key position as Donna
will play an integral role in Nexient reaching its full potential."
"Murray Ryan has been with the company for 6 years in a financial
management capacity and has done a tremendous job in the role of CFO over the
past three years. We greatly appreciate his leadership during this time.
Murray remains with the company in a senior financial management capacity
based in Sydney, Nova Scotia," added Moorehead.
"I am pleased and excited to assume the role of Chief Financial Officer
of Nexient. I am looking forward to the challenge of helping grow this dynamic
company and working with such a strong and committed team of professionals."
said Donna de Winter. "I recognize the significant opportunity Nexient
represents in the corporate skills training market and look forward to meeting
and exceeding the challenges that lie ahead."
Along with Ms. de Winter's appointment as CFO, she will participate in a
previously announced private placement with the Company. As part of this
transaction Ms. de Winter will subscribe for $125,000 of units offered as part
of this transaction. Each unit will be issued at $0.28 per unit and each unit
will consist of one (1) common share of the Company and one-half (0.50) share
purchase warrant. Each whole share purchase warrant has a five-year term and
is exercisable into one common share at an exercise price of $0.35 per share
purchase warrant. The private placement is subject to regulatory approval.
About Donna de Winter
Donna de Winter has more the 15 years of senior financial management
experience with increasing scope and responsibility. Most recently Ms. De
Winter served as Geac Computer Corporation's Chief Financial Officer where she
was instrumental in completing the $1 billion sale of Geac to a private equity
fund based in San Francisco. Prior to such appointment as CFO she served as
Geac's Vice President and Corporate Controller.
Ms. de Winter received her masters in business administration from the
University of Toronto in 2000 and her professional accounting designation form
the Certified Management of Accountants of Ontario in 1991.
About Nexient Learning Inc.
Nexient Learning Inc. is the largest corporate training and consulting
company in Canada. Nexient delivers the broadest choice of top caliber,
industry-recognized curricula in information technology, business process
improvement and leadership and business skills. Nexient's learning services
include learning management systems, curriculum development and strategic
consulting. With 29 locations across Canada, Nexient offers innovative
learning solutions in both classroom and online formats. Nexient is traded on
the Toronto Stock Exchange as "NXN". More information is available on the
company's website at www.nexientlearning.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the
Corporation to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. The
Corporation specifically disclaims any obligation to update these
forward-looking statements. There can be no assurance that the financing will
be completed or that other forward-looking statements will prove to be
accurate and readers should not place undue reliance on forward-looking
statements.
For further information: Rob Simpson, Nexient Learning Inc., (416)
964-8688 x 2236, rsimpson@nexientlearning.com
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