Tim­ber­creek Fi­nan­cial ap­points Good­nough as CEO

Stockwatch Daily - - FRONT PAGE - Mr. Cam Good­nough re­ports

CAMERON GOOD­NOUGH has been ap­pointed chief ex­ec­u­tive of­fi­cer of Tim­ber creek Fi­nan­cial Corp. Mr. Good­nough , cur­rently pres­i­dent of Tim­ber­creek Fi­nan­cial, will as­sume his new du­ties ef­fec­tive Jan. 1, 2018.

Mr. Good­nough will suc­ceed An­drew Jones, who will re­tire from his po­si­tion as the chief ex­ec­u­tive of­fi­cer, ef­fec­tive Dec. 31, 2017. Both will work to­gether closely over the next six months to en­sure a smooth and or­derly tran­si­tion.

Mr. Good­nough was ap­pointed to the po­si­tion of the pres­i­dent of the com­pany on March 15, 2017, and he is also man­ag­ing di­rec­tor, cor­po­rate de­vel­op­ment, for Tim­ber­creek As­set Man­age­ment Inc. (TAMI). Upon join­ing Tim­ber­creek in Novem­ber, 2016, Mr. Good­nough brought with him sig­nif­i­cant ex­pe­ri­ence in cap­i­tal mar­kets and in­vest­ment bank­ing, with 17 years at firms such as CIBC Wood Gundy, Mer­rill Lynch Canada, RBC Cap­i­tal Mar­kets and as man­ag­ing di­rec­tor with the fi­nan­cial in­sti­tu­tions group at TD Se­cu­ri­ties.

“We’re ex­cited that Cam will take on the role of chief ex­ec­u­tive of­fi­cer, where he will work closely with the ex­ten­sive team to lever­age the ca­pa­bil­i­ties of TAMI’s plat­form,” said Blair Tam­blyn, chair­man of the board of the com­pany. “Over the last 12 months, Cam has played an in­stru­men­tal role in the repo­si­tion­ing and growth of the com­pany, pro­vid­ing con­ti­nu­ity in­ter­nally but also with our in­vestor base, with whom he has spent con­sid­er­able time. We look for­ward to Cam build­ing on the strong per­for­mance we’ve wit­nessed un­der An­drew’s lead­er­ship.”

Mr. Jones will con­tinue in his lead orig­i­na­tion role with TAMI, which is re­spon­si­ble for orig­i­nat­ing and ser­vic­ing the com­mer­cial real es­tate mort­gages owned by the com­pany, and will also re­main as a di­rec­tor of the com­pany.

“On be­half of our fel­low board mem­bers, I would like to thank An­drew for his tremen­dous con­tri­bu­tion over

the past years to the growth of the com­pany (in­clud­ing its pre­de­ces­sors) into what the com­pany is to­day — a lead­ing non-bank com­mer­cial real es­tate lender in Canada,” stated Mr. Tam­blyn. “I’m glad that An­drew will con­tinue to be in­volved with the com­pany, which en­sures con­ti­nu­ity and a smooth tran­si­tion.”

Mr. Jones com­mented: “Over the past decade, I’ve had an in­cred­i­bly re­ward­ing ex­pe­ri­ence be­ing a mem­ber of the se­nior man­age­ment team at Tim­ber­creek Fi­nan­cial and its pre­de­ces­sors. Wit­ness­ing the growth of the busi­ness has been ful­fill­ing, and I am proud to have been a part of it. My de­ci­sion to change roles at this time al­lows me time to fo­cus on my other re­spon­si­bil­i­ties within Tim­ber­creek, in­clud­ing debt orig­i­na­tion and credit over­sight. I am pleased to be pass­ing the torch on to a new CEO. I have full con­fi­dence in Cam and be­lieve that the com pany has the t eam and ex­pe­ri­ence re­quired to con­tinue to de­liver on its growth and in­vest­ment ob­jec­tives. As a mem­ber of the board, I look for­ward to con­tin­u­ing to work with the en­tire Tim­ber­creek team af­ter my re­tire­ment as CEO.”

About Tim­ber­creek Fi­nan­cial Corp.

Tim­ber­creek Fi­nan­cial is a lead­ing non-bank, com­mer­cial real es­tate lender pro­vid­ing shorter-du­ra­tion, struc­tured fi­nanc­ing so­lu­tions to com­mer­cial real es­tate in­vestors.

We seek Safe Har­bor.

Zelick Laeb Alt­man, Ugo Biz­zarri, An­drew Alexan­der Jones, Steven Robert Scott, Glenn Wil­liam Shyba, Robert Blair Tam­blyn, Derek John Watchorn

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