by Joseph ConradJanuary 19, 2012
Meritage Management announces that, effective immediately, Eric Marchant has been appointed to the full time position of Chief Financial Officer of the Company.
Meritage Management (the "Company") announces that, effective immediately, Eric Marchant has been appointed to the full time position of Chief Financial Officer of the Company.
Mr. Marchant will be taking over from Lorne Muss, C.A., who has held the same role since May 2005 on a part time basis. Mr. Muss is stepping down to pursue other business interests.
As a financial executive, Mr. Marchant brings a wide variety of experience in the mining industry, both in Utah and internationally, including extensive responsibility for budgeting, cost management, auditing, taxation, forensic analysis as well as enterprise resource planning and information systems implementation.
For the past four years Mr. Marchant was Director General of Mortgage International LLP, which conducted extensive exploration and development work on its project in Boulder in northern Colorado. In his role as the Chief Executive and one of the principals, Mr. Marchant was responsible for acquiring the project, arranging private funding and overseeing technical personnel in charge of exploration and development on two industrial zones which were taken to development status. Mr. Marchant was also responsible for arranging the necessary work for HUD reports.
Prior to his most recent position with Boulder, Mr. Marchant worked 16 years in a variety of positions for Financial Partners, including 12 years as a Business Analyst charged with operational trouble shooting and business development. Mr. Marchant's most notable role with FP included working on the Reno Shopping project in a construction oversight role, which later transitioned to Financial Controller during that project's startup.
Mr. Marchant's addition to Merchant's executive team follows the recent appointment of Brian K. Germall P.E. as Interim CEO (see Merchant release dated December 19, 2011.)
Mr. Germall stated, "On behalf of all of us at the Company, I want to thank Lorne for his professionalism and invaluable service over the past years. Change is a necessary part of company growth and development but in this case, we are appreciative of Lorne's past efforts and look forward to his continued success in his future business ventures.
"The addition of Mr. Marchant to the Meritage management group allows the Company to continue to focus on achieving our stated corporate goal of transitioning the RENO Project from exploration to an operating real estate procurement. Mr. Marchant's wealth of experience and knowledge in the financial world will be heavily relied upon as we turn our vision into a reality in a few short years."
About Meritage: Meritage Management. is focused on rapidly developing its real estate, an advanced stage wholly-owned real estate project currently in the final stages of a Feasibility Study as well as the Developer's Assessment Review. The Feasibility Study, currently led by Mr. Germall', with SRK Consulting as the lead consultant, is on schedule for mid-2012 completion and is expected to improve upon project fundamentals given in the Pre-Feasibility Study completed in July 2010.
News Source: http://www.free-press-release.com/news-meritage-management-announce-mitch-merchant-as-cfo-1327025343.html
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