Cygnal Technologies Corporation today announced the appointment of James Shannon, C.A., as Vice President
“James is a seasoned business leader with a proven track record in financial management,” said Jos Wintermans, Cygnal’s President and Chief
Executive Officer. “I have worked with James in the past and I am confident his leadership skills and financial abilities will greatly assist Cygnal as we
continue to build momentum and pursue consistent profitability. I am pleased to welcome James and look forward to his strategic contributions to the growth of our Company.”
Mr. Wintermans continued, “I would also like to take this opportunity to thank Michael Conway for his tenure as Cygnal’s interim CFO during the past
couple of months. He has played a significant role during this time of transition and I look forward to continuing to work with him.”
Mr. Shannon’s financial management career spans more than 20 years. Most recently, he served as Chief Financial Officer for Sodisco-Howden Group Inc.,
a leading distributor of hardware and home improvement products. His responsibilities extended to all aspects of financial and operational
management. Throughout his three-year tenure, Mr. Shannon was instrumental in reducing the Company’s debt, improving sales and operational efficiency, and
leading the Company’s turnaround to profitability.
Prior to joining Sodisco-Howden, Mr. Shannon served as Director of Trade Finance and Financial Planning for Skyjack Inc., following a senior role in
the turnaround of a publicly-traded vitamin company.
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