New independent directors at Toromont
July 30, 2013 By Rock to Road
July 30, 2013, Toronto – The
Board of Directors of Toromont Industries has appointed two new independent
directors, Cathryn Cranston and Katherine Rethy.
"Cranston brings substantial
finance and accounting acumen while Rethy has extensive experience in leadership
development and operational issues. Both also have risk management experience,"
said Robert Ogilvie, with Toromont.
Cranston has had a 27-year
career with the Bank of Montreal, moving successfully through a series of line
and functional roles including corporate banking, capital markets, risk
management, asset management, and as a Divisional CFO in the private client
group and Corporate Treasurer. She has also held a leadership role in investor
Rethy is currently president
of KAR Development Corporation, her own leadership development and consulting
company. Prior to this, Rethy held a series of senior roles at Noranda/Falconbridge,
most recently as senior vice-president, Global Services (including procurement,
supply chain, risk management, insurance, information systems and facilities).
Prior to joining Noranda, Rethy was an executive with Dupont Canada Inc. where
she held a number of roles, including legal counsel, sales and business
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