The Brick CFO Ken Grondin resigns
Michael J. Knell -- Furniture Today, April 23, 2013
TORONTO — Leon's Furniture has announced that Ken Grondin, chief financial officer and president of financial operations for The Brick, its newly acquired subsidiary, has resigned.
Grondin was appointed to the position in July 2011.
"I want to thank Ken for his significant contributions to The Brick. He has strengthened the financial position and improved the financial management of The Brick. We wish Ken all the best in his future endeavours," Vi Konkle, president of The Brick, said in a statement.
Dominic Scarangella, vice president and chief financial officer of Leon's, will continue to oversee the reporting requirements of Leon's and its subsidiaries, including The Brick.
Orest Pyshniak, The Brick's vice president of finance, will continue to report to Konkle.
Leon's closed its acquisition bid for The Brick, its biggest direct competitor in the Canadian marketplace, on March 28 in a deal valued at approximately C$700 million.