Theresa Jang will join Stantec on September 10, 2018 as executive vice president and take over the CFO role effective January 1, 2019. Dan Lefaivre will retire from the CFO role, effective December 31, 2018 as part of a planned executive leadership succession strategy.
Jang will report to Gord Johnston, Stantec president and chief executive officer. To ensure a smooth transition, Lefaivre will remain with the firm until the end of Q1, 2019.
“I’m delighted to join the Stantec team and I look forward to contributing to the company’s ongoing success,” said Jang. “I also look forward to building on Dan’s considerable legacy of creating value for shareholders, clients, and employees.”
With more than 25 years of experience, Jang has an extensive background in the areas of finance, corporate governance and people leadership. She has performed and led a wide range of roles including audit, controllership, long-range planning, treasury, mergers and acquisitions, and investor relations. She also brings considerable experience in capital markets, compliance, financial reporting, and enterprise risk management.
Jang was previously the CFO of Veresen Inc., a publicly traded energy infrastructure company based in Calgary, Alberta. During her tenure at Veresen, she played a key role in the development and execution of corporate strategy that saw Veresen’s enterprise value grow from $3 billion in 2006 to almost $10 billion in 2017. As CFO, she led the raising of over $4 billion through the bank, debt, and equity capital markets to fund Veresen’s growth activities.
“We are very pleased that Theresa has agreed to join Stantec,” said Johnston. “Her appointment and this CFO transition are timely milestones in an executive leadership succession strategy we’ve been working on for several years.”