Madison Pacific Properties Inc.

May 01, 2008 13:01 ET

Madison Pacific Properties Inc. (TSX:MPC) Announces Appointment of Chief Financial Officer and Secretary

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C), a Vancouver-based real estate company, announces the appointment of a new Chief Financial Officer.

Mr. Thor Olsen, Chief Financial Officer and Secretary, has advised The Board of Directors of the Company that he is retiring. The Board would like to thank Mr. Olsen for his valuable contribution to the Company over the past 10 years and wishes him well in his retirement.

The Board of Directors is pleased to announce that Mr. William F. Ramsey will be assuming the roll of Chief Financial Officer and Secretary effective May 1, 2008. Mr. Olsen will remain with the Company until May 30 to support a successful transition of responsibilities.

Mr. Ramsey is a Chartered Accountant and has been employed as a Chief Financial Officer in the real estate development and investment business for over 20 years.

Contact Information

  • Madison Pacific Properties Inc.
    Mr. Alan Firth
    President & CEO
    (604) 732-6540
    Madison Pacific Properties Inc.
    Mr. Bill Ramsey
    Investor Information
    (604) 732-6540
    (604) 732-6550 (FAX)