BFI Canada Income Fund (TSX:BFC.UN) has announced that Chief Financial Officer, Joseph D. Quarin, will be leaving the fund in the next few months to assume a senior position with a global asset management firm. Keith Carrigan, President and Chief Executive Officer of BFI Canada has appointed Thomas J. Cowee as interim CFO while a search is undertaken for a permanent successor to Mr. Quarin.
Mr. Cowee is currently vice-president, Integration 4264126 Canada Limited, senior vice-president, chief financial officer, treasurer and assistant secretary of IESI Corporation, the fund’s U.S. operations. Mr. Quarin will remain with BFI Canada during the transition period. “Joe has been an important part of the team that has built BFI Canada into one of North America’s largest non-hazardous solid waste management companies and one of Canada’s leading income funds, and we wish him every success in the future.” said Mr. Carrigan. “One of Joe’s key accomplishments has been the development of a strong financial team at BFI Canada. This team will ensure that the transition to our interim, and ultimately our new, CFO will be seamless. In Tom Cowee, we are fortunate to have one of North America’s most experienced waste management industry financial executives. Tom will work out of our Toronto office effective immediately and assume full responsibility for our financial management until a new CFO is appointed.” Mr. Cowee has been IESI Corporation’s chief financial officer, treasurer and assistant secretary since 1997. From 1995 to 1997, he was assistant corporate controller of USA Waste Services, Inc. Prior to that Mr. Cowee held various positions with Waste Management. From 1994 to 1995, Mr. Cowee was division vice-president and Controller of its Texas operations, and from 1993 to 1994 he was vice-president and regional controller of its Pennsylvania Hauling Region- East Group. Mr. Cowee has a B.Sc. in accounting from Ohio State University.
For more information on the fund, visit www.bficanada.com.