Heavy Equipment Guide Logo

Toromont names new executive VP and CFO

Toromont logo

Toromont Industries Ltd. has announced the appointment of Michael McMillan as Executive Vice President and Chief Financial Officer, effective March 1, 2020.

This appointment follows the May 19, 2019 announcement of the pending retirement of Paul R. Jewer, Toromont's current Executive Vice President and Chief Financial Officer. Paul has agreed to stay on with Toromont following the appointment of Michael to assist in the succession of the CFO role, and other strategic initiatives.

Michael is an accomplished CFO with more than 25 years of financial experience, including: controllership, planning, mergers and acquisitions, and investor relations.  He also brings a strong capital market and risk management background.  

Most recently, he served as Senior Vice President and Chief Financial Officer of Parkland Fuel Corporation. There, he was a key member of its executive management team during a period of significant strategic growth. Michael is a Chartered Professional Accountant and holds a Masters of Business Administration from the University of Calgary. "We are very pleased to welcome Michael to Toromont," said  Scott Medhurst, President & Chief Executive Officer. "Michael is a proven business leader with strong strategic acumen, financial expertise and operational focus. He will be a valued member of our team as we continue to execute on our long-term strategy."

"We extend our deep gratitude to Paul for his dedicated service and contributions as Executive Vice President and Chief Financial Officer over the past 14 years," continued Scott. Paul has had a distinguished career providing critical stewardship as the company was transformed by some of the largest strategic events in Toromont's history. Paul played a key role in the 2011 bifurcation of Enerflex Systems Ltd. and the 2017 acquisition of the Caterpillar territories in Quebec and the Maritimes.

Over the years, the financial industry has recognized Paul's contributions consistently ranking him as one of Canada's top CFOs.  Management and the Board of Directors of Toromont thanked Paul for his dedicated service and contributions and look forward to his assistance ensuring a smooth transition.


Company info

3131 Highway 7 West P.O. Box 5511
Concord, ON
CA, L4K 1B7

Website:
toromont.com

Read more

More from Industry News

Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Get our newsletter

Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Get our newsletter

Sponsored Brought to you by: Trail King Industries, Inc. Logo

Trail King Steerable Dolly Offers Better Maneuverability

Trail King recently updated the design of the steerable dolly with a front steer design. This new design allows for better maneuverability for a greater steering angle, tighter corners and less manual steering.  The dolly offers wireless manual steer and auto alignment after manual steer for an automatic self-centering function. Trail King has increased the hatbox rotation angle on this model with the ability to turn up to 65 degrees. The centralized grease port for turntable allows for easy upkeep and maintenance. This versatile dolly can be used with a Schnabel setup, replace standard wheel area for a steerable 13 axle configuration, or can be used in combination with a Jeep/Dolly for Bunk work.

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more