Tantalus Systems Announces Appointment of Azim Lalani as Chief Financial Officer
Tantalus Systems (TSX: GRID) has announced the appointment of Azim Lalani as its new Chief Financial Officer, effective January 13, 2025. Lalani replaces George Reznik, who will depart on January 24, 2025. The new CFO brings significant experience from his previous roles, including CFO positions at AutoCanada (TSX: ACQ), where he managed approximately C$6 billion in revenues, and American Hotel Income Properties REIT, where he oversaw growth from US$350 million to over US$1.1 billion in enterprise value.
At Tantalus, Lalani will oversee financial reporting, accounting, treasury, financial planning, tax, and capital markets planning and investor relations. He currently serves as Corporate Director and Board Chair of UBC Investment Management Trust, managing over C$6.0 billion in assets. The company views this appointment as strategic for its next growth phase and path to profitability.
Tantalus Systems (TSX: GRID) ha annunciato la nomina di Azim Lalani come nuovo Direttore finanziario, con effetto dal 13 gennaio 2025. Lalani sostituisce George Reznik, che lascerà il suo incarico il 24 gennaio 2025. Il nuovo CFO porta con sé un'esperienza significativa dai suoi ruoli precedenti, comprese le posizioni di CFO presso AutoCanada (TSX: ACQ), dove ha gestito circa 6 miliardi di dollari canadesi in ricavi, e American Hotel Income Properties REIT, dove ha supervisionato la crescita da 350 milioni di dollari USA a oltre 1,1 miliardi di dollari USA in valore aziendale.
In Tantalus, Lalani superviserà la rendicontazione finanziaria, la contabilità, la tesoreria, la pianificazione finanziaria, le imposte e la pianificazione dei mercati dei capitali e le relazioni con gli investitori. Attualmente ricopre il ruolo di Direttore aziendale e Presidente del Consiglio di UBC Investment Management Trust, gestendo oltre 6,0 miliardi di dollari canadesi in attivi. L'azienda considera questa nomina strategica per la sua prossima fase di crescita e il percorso verso la redditività.
Tantalus Systems (TSX: GRID) ha anunciado el nombramiento de Azim Lalani como su nuevo Director Financiero, a partir del 13 de enero de 2025. Lalani reemplaza a George Reznik, quien se irá el 24 de enero de 2025. El nuevo CFO aporta una experiencia significativa de sus roles anteriores, incluidos los cargos de CFO en AutoCanada (TSX: ACQ), donde gestionó aproximadamente 6 mil millones de dólares canadienses en ingresos, y American Hotel Income Properties REIT, donde supervisó el crecimiento de 350 millones de dólares a más de 1,1 mil millones de dólares en valor empresarial.
En Tantalus, Lalani supervisará la presentación de informes financieros, la contabilidad, la tesorería, la planificación financiera, los impuestos y la planificación de mercados de capital e inversiones. Actualmente, es Director Corporativo y Presidente de la Junta de UBC Investment Management Trust, gestionando más de 6,0 mil millones de dólares canadienses en activos. La empresa considera este nombramiento como estratégico para su próxima fase de crecimiento y camino hacia la rentabilidad.
탕탈루스 시스템즈 (TSX: GRID)는 아짐 라라니를 새로운 최고 재무 책임자(CFO)로 임명했다고 발표했습니다. 임기는 2025년 1월 13일부터 시작됩니다. 라라니는 2025년 1월 24일에 떠날 조지 레즈니크를 대체합니다. 새로운 CFO는 이전 역할에서 쌓은 풍부한 경험을 가져오며, 여기에는 오토캐나다 (TSX: ACQ)에서 약 60억 캐나다 달러의 매출을 관리한 CFO 직위와 미국 호텔 소득 프로퍼티 REIT에서 3억 5천만 달러에서 11억 달러 이상의 기업 가치로 성장하도록 감독한 역할이 포함됩니다.
탕탈루스에서 라라니는 재무 보고, 회계, 재무, 재무 계획, 세무 및 자본 시장 계획 및 투자자 관계를 감독할 것입니다. 그는 현재 UBC 투자 관리 신탁의 기업 이사이자 이사회 의장으로 재직 중이며, 60억 캐나다 달러 이상의 자산을 관리하고 있습니다. 회사는 이번 임명을 다음 성장 단계 및 수익성 향상을 위한 전략적 조치로 보고 있습니다.
Tantalus Systems (TSX: GRID) a annoncé la nomination de Azim Lalani en tant que nouveau directeur financier, à compter du 13 janvier 2025. Lalani remplace George Reznik, qui partira le 24 janvier 2025. Le nouveau CFO apporte une expérience significative de ses précédents postes, y compris celui de CFO chez AutoCanada (TSX: ACQ), où il a géré environ 6 milliards de dollars canadiens de revenus, et chez American Hotel Income Properties REIT, où il a supervisé la croissance de 350 millions à plus de 1,1 milliard de dollars de valeur d'entreprise.
Chez Tantalus, Lalani supervisera la reporting financier, la comptabilité, la trésorerie, la planification financière, les impôts et la planification des marchés des capitaux ainsi que les relations avec les investisseurs. Il est actuellement directeur corporatif et président du conseil de l'UBC Investment Management Trust, gérant plus de 6,0 milliards de dollars canadiens d'actifs. L'entreprise considère cette nomination comme stratégique pour sa prochaine phase de croissance et son chemin vers la rentabilité.
Tantalus Systems (TSX: GRID) hat die Ernennung von Azim Lalani zum neuen Finanzvorstand bekannt gegeben, der am 13. Januar 2025 in Kraft tritt. Lalani ersetzt George Reznik, der am 24. Januar 2025 ausscheiden wird. Der neue CFO bringt umfangreiche Erfahrungen aus seinen früheren Positionen mit, darunter CFO-Positionen bei AutoCanada (TSX: ACQ), wo er etwa 6 Milliarden Kanadische Dollar Umsatz verwaltete, sowie bei American Hotel Income Properties REIT, wo er das Wachstum von 350 Millionen US-Dollar auf über 1,1 Milliarden US-Dollar Unternehmenswert überblickte.
Bei Tantalus wird Lalani die Finanzberichterstattung, Buchhaltung, Treasury, Finanzplanung, Steuern sowie Kapitalmarktplanung und Investor Relations überwachen. Derzeit ist er auch Corporate Director und Vorsitzender des Vorstands des UBC Investment Management Trust, der über 6,0 Milliarden Kanadische Dollar an Vermögenswerten verwaltet. Das Unternehmen sieht diese Ernennung als strategisch für die nächste Wachstumsphase und den Weg zur Rentabilität an.
- Appointment of experienced CFO with track record of managing multi-billion dollar operations
- New CFO has demonstrated ability to oversee significant business growth (US$350M to US$1.1B)
- Strategic move aligned with company's transition towards profitability phase
- Departure of current CFO could create temporary transition challenges
Burnaby, British Columbia--(Newsfile Corp. - January 13, 2025) - Tantalus Systems (TSX: GRID) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, announced today that Azim Lalani has been appointed as its Chief Financial Officer ("CFO"), effective January 13, 2025. He will replace the current Tantalus CFO, George Reznik, who will be leaving the Company on January 24, 2025.
"We are truly appreciative of the contributions made by George as our CFO and as a key member of our team," said Peter Londa, President & CEO of Tantalus. "George was instrumental in helping Tantalus migrate to the public markets, scaling our business and managing the significant investment required to commercialize the TRUSense Gateway™. We thank George for his contributions and are looking forward to adding Azim to our team. Azim has extensive financial, organizational and capital markets expertise to help the Company as we enter our next phase of growth and profitability."
Lalani was formerly the CFO of AutoCanada (TSX: ACQ), a leading North American automotive dealership group with revenues of approximately C
Lalani is a Corporate Director and Board Chair of UBC Investment Management Trust, a professional investment management company with over C
"As we turn our attention to the opportunity that lies ahead for Tantalus and prepare for an anticipated inflection in our business to profitability, we are excited to add Azim's leadership and depth of skills," said Mr. Londa. "Throughout his career, Azim has been instrumental in laying the foundation that is necessary to support profitable growth and we look forward to his contributions towards the continued evolution of Tantalus."
About Tantalus Systems Holding Inc. (TSX: GRID)
Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at http://www.tantalus.com/
Forward-Looking Information:
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the anticipated contributions to be made by Azim Lalani to the Company, the potential of profitability and accelerated growth of Tantalus, and other statements that contain words such as "believe," "expect," "project," "should," "seek," "anticipate," "will," "intend," "positioned," "risk," "plan," "may," "estimate" or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement.
Contact Tantalus:
Jacquie Hudson
Marketing Communications Manager
613-552-4244 | jhudson@tantalus.com
Deborah Honig
Investor Relations
647-203-8793 | deborah@adcap.ca
Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
X (Formerly Twitter): @TantalusCorp
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236885
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