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Carmanah names Lattimore CEO

Carmanah Technologies Corp. recently appointed Ted Lattimore chief executive officer. He takes the reins from Art Aylesworth, who now serves as chairman.

Lattimore brings more than 20 years of "entrepreneurial and executive experience" in the mobile telecommunications industry, as Carmanah put it in a prepared statement. He most recently served as president and chief operating officer for Vodafone Romania (formerly Connex-MobiFon, part of Montreal-based TIW), a subsidiary of Vodafone Group Plc.

"Ted Lattimore has demonstrated his abilities as a mature, aggressive and highly strategic business leader, and I am confident about Carmanah's future in such capable hands," said company founder and exiting Chairman David Green, who remains on the Carmanah board as an independent director. "The board has been particularly impressed by Ted's decision to receive the majority of his compensation in the form of options and performance-based share units."

Lattimore also asked if he could purchase nearly $500,000 of the company's common shares, a sign that he is "confident in the growth opportunities available to Carmanah and is very focused on realizing this potential," Green said.

Carmanah provides a range of solar/light-emitting diode (LED) lighting, solar power systems and LED-illuminated signage.

Contact Progressive Railroading editorial staff.

More News from 10/22/2007