VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2011) - Western Pacific Trust Company (TSX VENTURE:WP) is pleased to announce that, subject to regulatory approval, Mr. John de Wit, C.A. is assuming the position of President and Chief Executive Officer effective November 17, 2011.
This appointment is in keeping with the Board's commitment to best corporate governance practices in maintaining the independence of the Board.
After qualifying as a Chartered Accountant in 1967, John joined an American multi-national company based in Brussels, Belgium where he rose to the position of Treasury Manager for Europe and Africa. Upon returning to Canada in 1975, he joined Cominco in the international treasury department, and subsequently joined a forest product company as treasury manager. John remained active in the international arena as Director – Treasury for the Westar Group until 1986. From then until joining Citizens Trust Company in 1989, he was an independent financial business consultant. At Citizens Trust, John became the Chief Financial Officer with specific responsibilities for accounting, foreign exchange and branch operations. In 1994, he left to take up once again his independent financial business consulting interests. Among hjs major assignments, John provided his services as Compliance, Trading and Privacy Officer to Western Pacific Trust Company and as interim Chief Financial Officer to Forefront Productions. In April 2004, he joined NCC Financial Corp. as Chief Financial Officer. Three years later, he was promoted to President and Chief Executive Officer of NCC, from which position he retired in 2010.
Dr. Anthony Liscio remains on the Board to serve as an independent director of the Company.
About Western Pacific Trust Company
Western Pacific Trust Company is a non-deposit taking financial corporation. Western Pacific is licensed under the Financial Institutions Act in British Columbia as a Trust Company, and is also registered extra-provincially in Alberta as a non-deposit taking Trust Company. Western Pacific Trust has two wholly owned subsidiaries: Futureworth Financial Planners Corp., a licensed mutual fund dealer in British Columbia, Alberta, Ontario and Nova Scotia, and Western Equity Loans Ltd., a registered mortgage broker in British Columbia and Ontario.
Anthony Liscio, Chairman of the Board
This news release was prepared by the Board of Directors which is solely responsible for its contents. The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
Contact Information:
Alison Alfer
604-683-0455
604-669-6978 (FAX)