Outgoing CFO David
Charron to Serve as Special Advisor to Board and Executive
Team Through Transition to a New CFO
TORONTO, Sept. 16, 2021 /CNW/ - TeraGo Inc.
("TeraGo" or the "Company") (TSX: TGO)
(www.terago.ca), announced today that David
Charron will be stepping down from his position as Chief
Financial Officer ("CFO"), effective October
29, 2021, to pursue other professional opportunities.
Charron will serve as a special advisor to the Board and Company
following his departure, advise TeraGo on financial matters and
facilitate a seamless transition to the new CFO.
![TeraGo Logo (CNW Group/TeraGo Inc.) TeraGo Logo (CNW Group/TeraGo Inc.)](https://mma.prnewswire.com/media/1628228/TeraGo_Inc__TeraGo_Initiates_Search_for_New_Chief_Financial_Offi.jpg)
"Over the past four years Dave has capably helped transform
TeraGo into Canada's leading
nationwide provider of enterprise wireless network, cloud and
colocation powered solutions," said Matthew
Gerber, Chief Executive Officer of TeraGo. "During
Dave's tenure, he spearheaded the improvement of our balance sheet
through a successful equity raise and focused debt reduction
efforts, as well as built a strong financial planning and
accounting team. As we begin the process of identifying Dave's
successor, we are in capable hands with our current corporate
finance team in place. On behalf of the board and our entire
organization, I would like to thank Dave for his contributions and
wish him the utmost success in his next endeavor."
TeraGo expects to initiate a search process for a new CFO to
execute the Company's long-term growth plans. An interim CFO will
be appointed and will remain in place until a new CFO has been
selected.
About TeraGo
TeraGo owns a national spectrum portfolio
of exclusive 24 GHz and 38 GHz wide-area spectrum licenses
including 2,120 MHz of spectrum across Canada's 6 largest cities. TeraGo provides
businesses across Canada with
cloud, colocation and connectivity services. TeraGo manages over
3,000 cloud workloads, operates five data centres in the
Greater Toronto Area, the
Greater Vancouver Area, and
Kelowna, and owns and manages its
own IP network. The Company serves business customers in major
markets across Canada including
Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg. For more information about TeraGo,
please visit www.terago.ca.
SOURCE TeraGo Inc.