Finning International has announced that Greg Palaschuk will become its new Chief Financial Officer (CFO) when its current CFO Steve Nielsen retires later this year.
Finning, which claims to be the largest Caterpillar equipment dealer in the world, said that over the years Palaschuk had guided the company’s transformation to a mid-cycle structure and to decreasing costs and increasing efficiency.
Scott Thomson, President and CEO of Finning International, said, “Greg demonstrates the tenacity needed to ensure we continue to drive our innovation agenda and connects exceptionally well with both our key external stakeholders and our employees.
“I am pleased to have Greg as part of the leadership team as we continue to evolve the Finning of the future.”
Currently the company’s Senior Vice President of Commercial & Financial Performance Management for Finning Canada, Palaschuk has held several senior roles at the company and had previously been employed by Goldman, Sachs & Co.
He will take up his new position when Nielsen, who joined the company in 2015 after working for Univar and Sprint, steps down in March, 2020.
Speaking of Nielsen, Thomson said, “We have been extremely fortunate to have had Steve’s guidance as we navigated a volatile and unpredictable economic environment during the past five years.
“He has provided stability, thoughtful direction and sage advice, and was a catalysing force for the necessary change within our organisation related to cost control and efficiency, while not sacrificing our customer focus or impacting company culture.
“I cannot thank him enough for his commitment to Finning, and we wish him the very best as he enjoys his well-deserved retirement.”