Acceleware Announces Departure of Chief Financial Officer

Acceleware Ltd., headquartered in Calgary, Alberta, is known for its innovations aimed at reducing carbon emissions in industrial heating processes. On November 28, 2024, the company revealed the upcoming departure of its Chief Financial Officer (CFO), Ms. Tracy Grierson. After serving the firm for nearly six years, Ms. Grierson has decided to explore other career opportunities.

Ms. Grierson's Contributions

Since taking on the role of fractional CFO in 2019, Ms. Grierson has made significant contributions to the company. As she prepares to leave in mid-December, she is committed to facilitating a smooth transition to ensure that the company's operations remain uninterrupted.

Company Statements and Future Transition

Geoff Clark, President and CEO of Acceleware, expressed that Ms. Grierson has been a dependable performer in her role and a valuable member of the team. Her absence will be felt among both employees and management. Board Chair Bohdan Romaniuk echoed these sentiments, noting the board's gratitude for Ms. Grierson's years of service and wishing her well in her future endeavors.

Ms. Grierson's Reflections

Reflecting on her time at Acceleware, Ms. Grierson stated that she is proud of the achievements made during her tenure. Although the decision to leave was difficult, working with the team has been a rewarding experience.

Interim Leadership Plans

Should a new CFO not be appointed before Ms. Grierson's departure, the company's Chief Operating Officer, Mike Tourigny, will temporarily take on the CFO's responsibilities. Mr. Tourigny brings over 30 years of experience in the information and communications technology sector. He holds an MBA from the University of Calgary and a Bachelor of Commerce in Finance from the University of British Columbia, making him well-qualified to handle the CFO duties on an interim basis.

About Acceleware

Acceleware is recognized for its advanced electromagnetic (EM) heating technologies, catering to large industrial applications. The company aims to provide innovative solutions that help economically electrify and decarbonize industrial heat applications, which are often challenging to address in terms of greenhouse gas emissions. Acceleware's ongoing projects include piloting RF XL, a patented low-cost EM thermal production technology for heavy oil recovery, and collaborating with partners to decarbonize mineral drying processes.

As a public company listed on the TSX Venture Exchange under the trading symbol AXE, Acceleware continually seeks to expand its impact on the decarbonization of various sectors, including mining, steel, agriculture, and clean fuels.

Acceleware, CFO, transition