Walton Westphalia Development Corporation (the Corporation) is pleased to announce that Mr. Neil Narfason has been appointed Chief Financial Officer and Corporate Secretary of the Corporation effective May 15, 2019. Mr. Narfason is also the Chief Financial Officer of Walton Global Investments Ltd. (“WGI“), having served in that capacity since January 2, 2019. Before joining the Walton Group of Companies (“Walton“), Mr. Narfason was a Partner of Ernst & Young LLP for the past 15 years and prior thereto, he was a Partner with Deloitte LLP, two of the world’s largest accounting firms. Mr. Narfason has over 30 years of experience in mergers and acquisitions, financial analysis, financial modeling, corporate financing and restructuring.
The Corporation also announces Mr. Michael Maier has resigned as Chief Financial Officer and Corporate Secretary of the Corporation. Mr. Maier will continue to serve as Executive Vice-President of WGI. The board of directors thanks Mr. Maier for all his contributions.
The Corporation is managed by WGI and the development of the project is managed by Walton Development & Management (USA), Inc., both of which are members of Walton.
Walton is a multinational real estate investment, planning, and development group concentrating on the research, acquisition, administration, planning and development of strategically located land in major North American growth corridors.
Its communities are comprehensively designed in collaboration with local residents for the benefit of community stakeholders. Its goal is to build communities that will stand the test of time: hometowns for present and future generations.
This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. The risks, uncertainties and other factors that could influence results are described in the prospectus and other documents filed with Canadian securities regulatory authorities and available online at www.sedar.com.
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